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 |
|---|---|---|---|
| 2/28/2024 | $86.00 → $115.00 | Buy → Neutral | DA Davidson |
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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8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
10-Q - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
10-Q - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
8-K - STERLING INFRASTRUCTURE, INC. (0000874238) (Filer)
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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, 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.
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, Nov. 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conferences: Baird Global Industrial ConferenceDate: November 13-14, 2024Venue: The Ritz-Carlton, ChicagoCompany presentation is scheduled for November 14th from 10:15-10:45 AM CT Southwest IDEAS ConferenceDate: November 20, 2024Venue: The Statler DallasCompany presentation is scheduled from 4:10-4:45 PM CTWebcast: https://wsw.com/webcast/threepa45/strl/2257338 Sterling's manageme
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, Sept. 10, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conference: D. A. Davidson 23rd Annual Diversified Industrials & Services ConferenceDate: September 19, 2024Venue: Four Seasons Hotel, Nashville, TNCompany presentation is scheduled at 8:00-8:35 am ETWebcast: https://wsw.com/webcast/dadco66/strl/1947843 Sterling's management will participate in a fireside chat and host one-on-one meetings with investors at this event. Those inte
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, 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, 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
THE WOODLANDS, Texas, Nov. 16, 2023 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it has acquired Professional Plumbers Group, Incorporated (PPG), headquartered in Wylie, Texas. PPG serves a range of residential home builders in the greater Dallas area and will join Sterling's Building Solutions segment. Acquisition Highlights Purchase price consists of a cash payment of $50 million and an earnout opportunity contingent upon achieving future EBITDA targetsAnnual revenues of $50 to $55 millionStrong, accretive mar
Increases 2023 Full Year Guidance Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the second quarter 2023. The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. Second Quarter 2023 Results Revenues of $522.3 million, an increase of 13.1% Gross margin of 17.7%, an increase from 15.4% Net Income of $39.5 million, or $1.27 per diluted share, an increase of 40% and 37%, respectively EBITDA(1) of $73.5 million, an increase of 29% Cash flows from operations totaled $181.1 million for the six months ended June 30, 2023 Cash and Cash
Sterling Infrastructure's (NYSE:STRL) short percent of float has risen 4.19% since its last report. The company recently reported that it has 1.55 million shares sold short, which is 5.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.42 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Sterling Infrastructure (NASDAQ:STRL) has outperformed the market over the past 5 years by 39.61% on an annualized basis producing an average annual return of 52.34%. Currently, Sterling Infrastructure has a market capitalization of $3.66 billion. Buying $1000 In STRL: If an investor had bought $1000 of STRL stock 5 years ago, it would be worth $8,204.72 today based on a price of $118.49 for STRL at the time of writing. Sterling Infrastructure's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated
Sterling Infrastructure's (NYSE:STRL) short percent of float has risen 10.43% since its last report. The company recently reported that it has 1.44 million shares sold short, which is 4.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.74 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Shor
Will Russia Finally Retaliate Outside Of The Ukraine? The Ukrainian attack that killed at least 5 Russian beachgoers and wounded another 124 in Sevastopol on Sunday reportedly used American-supplied ATACMS missiles armed with cluster munition warheads. A number of open source intelligence analysts have suggested the missiles were observed and may have even been directed by a U.S. Air Force surveillance drone operating nearby at the time. As ZeroHedge noted in the post I linked to above, Likely Russia is gearing up to pummel multiple sites across Ukraine, and will try to go after bases hosting foreign military equipment and arms storehouses. But will Russia also retaliate outside
Sterling Infrastructure (NASDAQ:STRL) has outperformed the market over the past 15 years by 2.08% on an annualized basis producing an average annual return of 14.72%. Currently, Sterling Infrastructure has a market capitalization of $3.79 billion. Buying $100 In STRL: If an investor had bought $100 of STRL stock 15 years ago, it would be worth $827.38 today based on a price of $122.90 for STRL at the time of writing. Sterling Infrastructure's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by
Gainers New Horizon Aircraft (NASDAQ:HOVR) shares rose 111.1% to $1.52 during Monday's pre-market session. The market value of their outstanding shares is at $27.6 million. 1847 Holdings (AMEX:EFSH) stock moved upwards by 18.96% to $0.85. The company's market cap stands at $4.9 million. Knightscope (NASDAQ:KSCP) stock moved upwards by 17.84% to $0.37. The company's market cap stands at $39.1 million. Captivision (NASDAQ:CAPT) shares moved upwards by 9.84% to $3.29. The market value of their outstanding shares is at $95.3 million. Richtech Robotics (NASDAQ:RR) shares moved upwards by 8.52% to $1.4. The market value of their outstanding shares is at $96.1 million. MISTRAS Group (NYSE:MG)
Sterling Infrastructure's (NYSE:STRL) short percent of float has risen 3.76% since its last report. The company recently reported that it has 1.31 million shares sold short, which is 4.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.61 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short