Sterling Infra Stock Price, News & Analysis

Sterling Construction Company, Inc. will change its name to Sterling Infrastructure, Inc., effective June 1, 2022, to align with its evolution as a leader in E-Infrastructure, Building, and Transportation Solutions. The company reported significant growth, increasing net income from a $9.2 million loss in 2016 to $62.6 million in 2021, with annual growth rates of 18% for revenue and 66% for EBITDA over six years. The new branding reflects its diversified services and commitment to sustainable infrastructure development.

Sterling Construction Company (NASDAQ: STRL) announces that CEO Joe Cutillo and CFO Ronald Ballschmiede will present at the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 2:25 PM EDT in Boston. Management will hold one-on-one meetings throughout the day, and attendees can contact Stifel representatives or Jeremy Hellman via email to schedule. A live webcast of the presentation will occur from 2:25 PM to 2:55 PM EDT, with an archived version available for 90 days on the company's investor relations website.

About Sterling: Specializes in E-Infrastructure, Building, and Transportation Solutions across the U.S.

Sterling Construction Company (NASDAQ: STRL) announced participation in the KeyBanc Industrial & Basic Materials Conference on June 2, 2022, at the Intercontinental Boston Hotel. CEO Joe Cutillo and CFO Ronald Ballschmiede will represent the company, which specializes in heavy civil, specialty services, and residential construction across the U.S., including significant infrastructure projects. One-on-one meetings can be scheduled by contacting KeyBanc representatives.

Sterling Construction Company (STRL) reported strong first-quarter 2022 results, with total revenue reaching $410.3 million, a 30% increase year-over-year. Net income soared by 82% to $19.3 million, translating to $0.64 per diluted share. EBITDA also rose by 33% to $39.8 million. The company’s backlog grew by 2% to $1.53 billion. CEO Joe Cutillo expressed confidence in ongoing growth due to strategic synergies from the Petillo acquisition, despite recognizing challenges posed by inflation and supply chain issues. Full-year guidance anticipates revenue between $1.825 billion and $1.875 billion.

Sterling Construction Company, Inc. (NASDAQ: STRL) will announce its 2022 first quarter financial results on May 2, 2022, after market close. A conference call will be held on May 3, 2022, at 9:00 am ET to discuss these results and provide a company outlook. Interested participants can join by calling (201) 493-6744 or (877) 445-9755. A slide presentation will be posted on the company's website. Sterling operates in Transportation, E-Infrastructure, and Building Solutions sectors across the U.S., focusing on sustainable infrastructure development.

Sterling Construction Company (NasdaqGS: STRL) announced new awards worth $278 million in its E-Infrastructure Solutions segment for Q1 2022. This segment, focused on large-scale site development for e-commerce and data centers, is the company's fastest-growing area. CEO Joe Cutillo highlighted strong demand from blue-chip clients and emphasized strategic growth opportunities in new geographies. Recent acquisitions have strengthened Sterling's market position, enabling them to expand capacity and improve customer-centric solutions.

Sterling Construction Company, Inc. (STRL) announced strong financial results for Q4 and full year 2021. Fourth-quarter revenue reached $401.3 million, a 15.6% increase from the previous year. Net income rose 87.3% to $10.9 million, or $0.37 per diluted share. For the full year, revenue was $1.58 billion, up 10.8%, and net income increased to $62.6 million. The company provided 2022 guidance of $1.825 to $1.875 billion in revenue and net income of $83 to $89 million. Backlog grew to $1.49 billion.

Sterling Construction Company, Inc. (STRL) will release its fourth-quarter 2021 financial results on February 28, 2022, after market close. A conference call to discuss the results and outlook for 2022 will take place on March 1, 2022, at 9:00 am ET. Interested parties can join by calling (201) 493-6744 or (877) 445-9755 and are encouraged to log in early for the presentation. A webcast will also be available on the company’s website, along with a slide presentation in the Investor Relations section.