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 |
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2/28/2024 | $86.00 → $115.00 | Buy → Neutral | DA Davidson |
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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, May 30, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conferences: Stifel 2024 Cross Sector Insight Conference Date: June 4, 2024Company presentation is scheduled at 8:35-9:05 am ETWebcast: https://wsw.com/webcast/stifel89/strl/2138808 William Blair 44th Annual Growth Stock ConferenceDate: June 5, 2024Company presentation is scheduled at 4:00-4:30 pm CTWebcast: https://wsw.com/webcast/blair97/strl/1972866 2024 Wells Fargo Industrial
THE WOODLANDS, Texas, May 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced the promotion of Sharon Villaverde to the roles of Chief Financial Officer (CFO) and Chief Accounting Officer (CAO), effective May 13, 2024. Sharon is succeeding Ron Ballschmiede, who has served as Sterling's Executive Vice President, CFO and CAO since November 2015. Ron will remain Executive Vice President, focusing on a smooth transition of his CFO duties until his planned retirement later this year. Sharon has 30 years of experience i
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
Kennesaw, GA, April 01, 2024 (GLOBE NEWSWIRE) -- Plateau Excavation, the largest sitework contractor in the Southeast, founded in 1983, is pleased to announce the relocation of its corporate headquarters from Austell, GA, to Kennesaw, GA. Plateau Excavation began its journey with leased machines and small jobs, seizing opportunities amidst the banking industry crisis of the early 80s. Recognizing the rapid growth of the Atlanta area, founder Greg Rogers dove headfirst into excavation, starting with grading streets in budding subdivisions and constructing parking lots for shopping malls. Plateau steadily grew to notable projects such as TPC Sugarloaf, Avalon, and Truist Park Stadium, hom
THE WOODLANDS, Texas, March 19, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") has published its 2024 Sustainability Report titled, For Better and Beyond – The Sterling Way. The report highlights Sterling's ongoing sustainability efforts woven into corporate initiatives and reflects the Company's 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 "At Sterl
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, 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, Inc. (NASDAQ:STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the second quarter on Monday, August 7, 2023, after the stock market closes. Sterling's management will host a conference call on Tuesday, August 8, 2023, at 9:00 am ET/8:00 am CT to discuss the 2023 second quarter, as well as the 2023 outlook. Interested parties may participate in the call by dialing (201) 493-6744 or (877) 445-9755. Please call in ten minutes before the conference call is scheduled to begin and ask for the Sterling Infrastructure call. To coincide with the conference call, Sterling will post a slide presentation at www.strlco.com on
Sterling Infrastructure, Inc. (NASDAQ:STRL) ("Sterling" or the "Company") today announced financial results for the first quarter 2023. The financial information herein is from continuing operations and comparisons are to the prior year quarter, unless otherwise noted. First Quarter 2023 Results Revenues of $403.6 million, an increase of 10% Gross margin of 15.3%, an increase from 15.1% Net Income of $19.6 million, or $0.64 per diluted share, an increase of 11% and 8%, respectively EBITDA(1) of $45.9 million, an increase of 14%; Adjusted EBITDA(1) of $46.1 million, an increase of 13% Cash flows from operations of $49.1 million for the first quarter Cash and Cash Equiva
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
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