Sterling Construction Company, Inc., a construction company, engages in the heavy civil, specialty services, and residential construction activities primarily in the southern United States, the Rocky Mountain states, California, and Hawaii. The company undertakes various heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads. It offers specialty services such as foundations for multi-family homes, parking structures, and other commercial concrete projects for blue-chip end users in the e-commerce, data center, distribution center and warehousing, energy, mixed use, and multi-family sectors. The company also undertakes concrete foundations for single-family homes. In addition, it provides surveying, clearing and grubbing, erosion control, grading, grassing, site excavation, storm drainage, sanitary sewer and water main installation, drilling and blasting, curb and gutter, paving, concrete work, and landfill services. The company was formerly known as Oakhurst Company, Inc. and changed its name to Sterling Construction Company, Inc. in November 2001. Sterling Construction Company, Inc. was founded in 1955 and is headquartered in The Woodlands, Texas.
IPO Year:
Exchange: NASDAQ
Website: strlco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2025 | $185.00 | Neutral → Buy | DA Davidson |
| 1/17/2025 | Outperform | William Blair | |
| 2/28/2024 | $86.00 → $115.00 | Buy → Neutral | DA Davidson |
THE WOODLANDS, Texas, March 20, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") has published its 2025 Sustainability Report titled, Building Tomorrow Today. The report highlights Sterling's ongoing sustainability efforts and Environmental, Social and Governance (ESG)-related activities and business practices. The report can be accessed via The Sterling Way (ESG) section of the Company's website at https://www.strlco.com/sustainability. CEO Remarks"We are proud to play a pivotal role in advancing America's infrastructure—whether
THE WOODLANDS, Texas, March 14, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced the appointment of Ronald A. Ballschmiede, the Company's Executive Vice President, as Sterling's interim Principal Financial Officer and Principal Accounting Officer, effective March 14th. Mr. Ballschmiede assumes this position following the departure of Sharon Villaverde to pursue other opportunities. Mr. Ballschmiede served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, and has held the role of Executive Vice President from 2015 through the present. The Company has initiated a formal search proces
THE WOODLANDS, Texas, March 11, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conference. Sidoti Virtual Investor ConferenceDate: March 19, 2025Company presentation is scheduled at 1:00-1:30 pm ET in Track 2Webcast: Click here to listen to webcast Sterling's management will host one-on-one meetings with investors at the event. Those interested in attending the conference should reach out to their respective representatives or Noelle Dilts at noelle.dilts@
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") announced today that Joseph A. Cutillo has been appointed as a new member to its board of directors, effective March 10, 2025. Mr. Cutillo brings over 30 years of experience in strategy and operations associated with the development of critical infrastructure, transportation and datacenter construction projects. He has served as the Chief Executive Officer of Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling") since 2017. Prior to his appointment as Chief Executive Officer of Sterling, Mr. Cutillo held varying positions of increasing responsibility at Sterling, including Vice President, Strategy & Business Development, Execut
THE WOODLANDS, Texas, Feb. 25, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that Sterling's Ralph L. Wadsworth (RLW) subsidiary has been awarded two significant transportation projects: The I-15 1800 North Interchange project for the Utah Department of Transportation (UDOT) will enhance regional mobility in Davis County, Utah. The project has a total value of $195 million and is expected to begin in spring 2025 and continue through late 2027. RLW has a 60% interest in the job, while joint venture partner Whitak
THE WOODLANDS, Texas, Feb. 25, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the fourth quarter and full year 2024 and provided full year 2025 guidance. The financial comparisons herein are to the prior year quarter, unless otherwise noted. Due to the deconsolidation of our RHB joint venture on December 31, 2024, RHB is not included in year-end 2024 consolidated backlog. As such, our prior-year comparisons for these metrics are on an adjusted basis to exclude RHB. Please see the "Historical
THE WOODLANDS, Texas, Feb. 13, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the fourth quarter and full year 2024 on Tuesday, February 25, 2025, after the stock market closes. Sterling's management will host a conference call on Wednesday, February 26, 2025, at 9:00 am ET/8:00 am CT to discuss the fourth quarter and full year 2024 results, as well as the 2025 outlook. Interested parties may participate in the call by dialing (800) 836-8184. Please call in ten minu
THE WOODLANDS, Texas, Jan. 7, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it executed an amendment to its Road and Highway Builders, LLC ("RHB") Operating agreement on December 31, 2024. This amendment changes the way that RHB results are reported under Generally Accepted Accounting Principles ("GAAP"), but does not change RHB's historical or future contribution to Sterling's consolidated net income. Since 2012, Sterling has held a 50% ownership interest in Road and Highway Builders, LLC ("RHB"), with Rich
THE WOODLANDS, Texas, Nov. 20, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conference. UBS Global Industrials and Transportation ConferenceDate: December 3, 2024Venue: Eau Resort & Spa – Palm Beach Sterling's management will host one-on-one meetings with investors at this event. Those interested in attending the conference should reach out to their respective representatives or Noelle Dilts at [email protected]. About SterlingSterling Infrastructu
THE WOODLANDS, Texas, Nov. 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that Thomas M. White will retire from the company's Board of Directors (the "Board") effective December 31, 2024. Mr. White was elected Chairman of the Board in December 2019 and served as a member of the Audit, Compensation & Talent Development, and Corporate Governance & Nominating Committees after joining the Board in July 2018. Sterling's Corporate Governance & Nominating Committee is in the process of determining Mr. White's successor.
DA Davidson upgraded Sterling Infrastructure from Neutral to Buy and set a new price target of $185.00
William Blair initiated coverage of Sterling Infrastructure with a rating of Outperform
DA Davidson downgraded Sterling Infrastructure from Buy to Neutral and set a new price target of $115.00 from $86.00 previously
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THE WOODLANDS, Texas, March 14, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced the appointment of Ronald A. Ballschmiede, the Company's Executive Vice President, as Sterling's interim Principal Financial Officer and Principal Accounting Officer, effective March 14th. Mr. Ballschmiede assumes this position following the departure of Sharon Villaverde to pursue other opportunities. Mr. Ballschmiede served as Sterling's Chief Financial Officer and Chief Accounting Officer from November 2015 to May 2024, and has held the role of Executive Vice President from 2015 through the present. The Company has initiated a formal search proces
NPK International Inc. (NYSE:NPKI) ("NPK" or the "Company") announced today that Joseph A. Cutillo has been appointed as a new member to its board of directors, effective March 10, 2025. Mr. Cutillo brings over 30 years of experience in strategy and operations associated with the development of critical infrastructure, transportation and datacenter construction projects. He has served as the Chief Executive Officer of Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling") since 2017. Prior to his appointment as Chief Executive Officer of Sterling, Mr. Cutillo held varying positions of increasing responsibility at Sterling, including Vice President, Strategy & Business Development, Execut
THE WOODLANDS, Texas, Nov. 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that Thomas M. White will retire from the company's Board of Directors (the "Board") effective December 31, 2024. Mr. White was elected Chairman of the Board in December 2019 and served as a member of the Audit, Compensation & Talent Development, and Corporate Governance & Nominating Committees after joining the Board in July 2018. Sterling's Corporate Governance & Nominating Committee is in the process of determining Mr. White's successor.
THE WOODLANDS, Texas, Aug. 28, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that Charles R. Patton will retire from the company's Board of Directors (the "Board") effective September 1, 2024. Mr. Patton has served on the Board since 2013 and is a member of the Corporate Governance & Nominating Committee and the Compensation Committee. Thomas M. White, Chair of Sterling's Board of Directors, commented, "On behalf of Sterling's Board, I would like to thank Charles for his many years of service. We are deeply grate
THE WOODLANDS, Texas, Aug. 8, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced the appointment of Dan Govin as Chief Operating Officer ("COO"). In this role, Dan will be responsible for leading the execution of Sterling's strategic and operational activities. Dan brings 30 years of experience in operations and leadership to Sterling. Since 1994, Dan has held multiple commercial and operations management roles within the energy infrastructure industry. Starting in 2007, Dan joined Quanta Services, where he most recen
THE WOODLANDS, Texas, March 4, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced the appointment of Sharon Villaverde to the role of Vice President of Finance. In this position, Sharon will be responsible for managing Sterling's finance and accounting functions. In addition, she will help to shape the Company's strategic financial initiatives. Sharon brings a wealth of experience to Sterling, having spent 30 years in accounting and finance roles at prominent public companies spanning diverse industries, including tel
Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") announces the appointment of Noelle Dilts to the role of Vice President of Investor Relations and Corporate Strategy. In this position, Noelle will be responsible for leading Investor Relations and determining areas of strategic focus to grow existing and new segments. Prior to joining Sterling, Noelle spent 19 years at Stifel Financial, most recently serving as Managing Director of Equity Research covering Specialty Engineering, Construction, & Services; Electrical & Networking Equipment; and Advanced Manufacturing. In this role, she built in-depth knowledge of Sterling's existing and adjacent end markets. She is k
THE WOODLANDS, Texas, Feb. 25, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the fourth quarter and full year 2024 and provided full year 2025 guidance. The financial comparisons herein are to the prior year quarter, unless otherwise noted. Due to the deconsolidation of our RHB joint venture on December 31, 2024, RHB is not included in year-end 2024 consolidated backlog. As such, our prior-year comparisons for these metrics are on an adjusted basis to exclude RHB. Please see the "Historical
THE WOODLANDS, Texas, Feb. 13, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the fourth quarter and full year 2024 on Tuesday, February 25, 2025, after the stock market closes. Sterling's management will host a conference call on Wednesday, February 26, 2025, at 9:00 am ET/8:00 am CT to discuss the fourth quarter and full year 2024 results, as well as the 2025 outlook. Interested parties may participate in the call by dialing (800) 836-8184. Please call in ten minu
THE WOODLANDS, Texas, Nov. 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the third quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted. Third Quarter 2024 Results Revenues of $593.7 million, an increase of 6%Gross margin of 21.9%, up from 16.4%Net Income of $61.3 million, or $1.97 per diluted share, an increase of 56% for both metricsEBITDA(1) of $100.8 million, an increase of 42%Cash flows from operations totaled $322.8 million for the nin
THE WOODLANDS, Texas, Oct. 24, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the third quarter of 2024 on Wednesday, November 6, 2024, after the stock market closes. Sterling's management will host a conference call on Thursday, November 7, 2024, at 10:00 am ET/9:00 am CT to discuss the third quarter results, as well as the 2024 outlook. Interested parties may participate in the call by dialing (800) 836-8184. Please call in ten minutes before the conference call i
THE WOODLANDS, Texas, Aug. 5, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the second quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted. Second Quarter 2024 Results Revenues of $582.8 million, an increase of 12%Gross margin of 19.3%, an increase from 17.7%Net Income of $51.9 million, or $1.67 per diluted share, an increase of 31% for both metrics.EBITDA(1) of $87.0 million, an increase of 18%Cash flows from operations totaled $170.6 million
THE WOODLANDS, Texas, July 25, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the second quarter of 2024 on Monday, August 5, 2024, after the stock market closes. Sterling's management will host a conference call on Tuesday, August 6, 2024, at 9:00 am ET/8:00 am CT to discuss the second quarter results, as well as the 2024 outlook. Interested parties may participate in the call by dialing (800) 836-8184. Please call in ten minutes before the conference call is sched
THE WOODLANDS, Texas, May 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the first quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted. First Quarter 2024 Results Revenues of $440.4 million, an increase of 9%Gross margin of 17.5%, an increase from 15.3%Net Income of $31.0 million, or $1.00 per diluted share, an increase of 58% and 56%, respectivelyEBITDA(1) of $55.7 million, an increase of 21%Cash flows from operations totaled $49.6 million
THE WOODLANDS, Texas, April 25, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the first quarter of 2024 on Monday, May 6, 2024, after the stock market closes. Sterling's management will host a conference call on Tuesday, May 7, 2024, at 9:00 am ET/8:00 am CT to discuss the first quarter results, as well as the 2024 outlook. Interested parties may participate in the call by dialing (800) 836-8184. Please call in ten minutes before the conference call is scheduled to
Provides 2024 Full Year Guidance THE WOODLANDS, Texas, Feb. 26, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the fourth quarter and full year 2023 and provided full year 2024 guidance. The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. Fourth Quarter 2023 Results Revenues of $486.0 million, an increase of 8%Gross margin of 18.9%, an increase from 15.4%Net Income of $40.2 million, or $1.28 per diluted share, a
THE WOODLANDS, Texas, Feb. 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the fourth quarter and full year 2023 on Monday, February 26, 2024, after the stock market closes. Sterling's management will host a conference call on Tuesday, February 27, 2024, at 9:00 am ET/8:00 am CT to discuss the 2023 fourth quarter and full year results, as well as the 2024 outlook. Interested parties may participate in the call by dialing (800) 836-8184. Please call in ten minutes
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