Welcome to our dedicated page for Sterling Infrastructure news (Ticker: STRL), a resource for investors and traders seeking the latest updates and insights on Sterling Infrastructure stock.
Sterling Infrastructure, Inc. reports developments across U.S. infrastructure services delivered through its E-Infrastructure, Transportation and Building Solutions segments. News commonly covers earnings results, outlook updates, conference participation, capital allocation actions and subsidiary activity, including CEC's mission-critical electrical, prefabrication and modular manufacturing capabilities.
The company's operating updates center on site development and electrical services for data centers, semiconductor fabrication, manufacturing, distribution, warehousing and power generation; infrastructure and rehabilitation work for highways, roads, bridges, airports, ports, rail and storm drainage systems; and concrete, plumbing and survey services tied to residential and commercial construction.
Sterling Infrastructure, Inc. reported record first quarter 2024 results with revenues of $440.4 million, a 9% increase, gross margin of 17.5%, a net income of $31.0 million, an increase of 58%, and EBITDA of $55.7 million, a 21% increase. The CEO highlighted strong performance in various business segments and positive outlook for the year, maintaining revenue and EBITDA guidance while raising net income and EPS guidance.
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