Sterling Infra Stock Price, News & Analysis

Sterling Infrastructure was awarded a $70 million design/build contract for the Yellowstone River Bridge Project, beginning in April 2023 and expected to complete by the end of 2026. This project aims to replace a 60-year-old bridge and is funded by the Federal Highway Administration. The new bridge will include specialized features due to its location in a geothermal zone. CEO Joe Cutillo emphasized the project reflects a strategic shift towards sophisticated design-build work in the company’s Transportation Solutions segment. The Yellowstone project is set to enhance infrastructure while minimizing environmental disruption.

Sterling Infrastructure, Inc. (NASDAQ: STRL) is set to release its financial results for the first quarter of 2023 on May 1, 2023, after market close. A conference call for investors will take place on May 2, 2023, at 9:00 AM ET to discuss the results and 2023 outlook. Interested participants can join by calling (201) 493-6744 or (877) 445-9755. A slide presentation will be available on the Sterling website in the Events & Presentations section. Sterling operates in three segments: E-Infrastructure, Transportation, and Building Solutions, focusing primarily on the Southern, Northeastern, Mid-Atlantic, and Rocky Mountain regions, along with Hawaii. CEO Joe Cutillo emphasized the company's commitment to building infrastructure that supports the economy and enhances community life.

Sterling Infrastructure, Inc. (NASDAQ: STRL) announced its E-Infrastructure Solutions segment secured $325 million in new awards in Q1 2023, marking the largest project in company history by Hyundai Engineering America. This segment focuses on site development for industrial facilities, data centers, and e-commerce centers, and is their fastest-growing sector. CEO Joe Cutillo noted strong demand for next-gen industrial facilities supporting EV and solar industries, while the data center market continues to thrive. These achievements underscore Sterling's robust market position and commitment to sustainable construction trends throughout 2023.

Sterling Infrastructure, Inc. (STRL) has announced the appointment of Noelle Dilts as Vice President of Investor Relations and Corporate Strategy. Noelle brings 19 years of experience from Stifel Financial, where she covered specialty engineering, construction, and advanced manufacturing. Her expertise will help guide Sterling’s strategic focus and enhance investor relations.

CEO Joe Cutillo praised Noelle's knowledge and reputation, emphasizing her role in Sterling's growth as a leading infrastructure service provider. Noelle expressed excitement about contributing to Sterling’s ongoing transformation and engaging with the investment community.

Sterling operates across three segments: E-Infrastructure, Transportation, and Building Solutions, focusing on sustainable practices and community engagement.

Sterling Infrastructure, Inc. (NASDAQ: STRL) announced its participation in the Sidoti Small-Cap Virtual Conference on March 22, 2023. CEO Joe Cutillo and CFO Ronald Ballschmiede will present at 2:30 PM ET. Management will be available for one-on-one meetings throughout the day, and interested parties can schedule these by contacting their Sidoti representative or Jeremy Hellman.

A live webcast of the presentation can be accessed at this link, with an archived recording available for 90 days post-event on the company's website www.strlco.com.