Sterling Infrastructure's topline growth moderated due to a decline in the building solution segment, but strong demand in other areas and a robust backlog support revenue. The company's focus on high-margin projects and a favorable backlog are expected to drive margin expansion in FY24 and beyond. Despite the stock trading above its historical average, its strong long-term prospects and divers...
THE WOODLANDS, Texas , Jan. 7, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: 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 cha...
AI stock and data center builder Sterling Infrastructure has formed a three-weeks-tight pattern after a 108% gain year-to-date. The post AI Play Vaults 108% To Buy Point As Profits Surge, Demand Stacking Up appeared first on Investor's Business Daily.
Industry 4.0 technologies are driving growth for Argan, Inc., Powell Industries, Limbach Holdings, and Sterling Infrastructure, with AGX potentially leading for 2025. Despite high valuations, AGX's strong balance sheet, no debt, and growing backlog make it the best long-term growth stock among the four. POWL and STRL show strong growth but face valuation concerns and potential volatility; both ...
THE WOODLANDS, Texas , Nov. 20, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that management is participating in the following investor conference. UBS Global Industrials and Transportation Conference Date: December 3, 2024 Venue: Eau Resort & Spa – Palm Beach Sterling's management will host one-on-one meetings with investors ...
THE WOODLANDS, Texas , Nov. 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: 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.
Sterling Infrastructure (STRL) capitalizes on strong secular trends in North America's growing infrastructure construction market, driven by increased government spending and private sector investment. STRL's E-Infrastructure Solutions segment, focusing on data centers and advanced manufacturing, has become its largest revenue stream, significantly boosting operating margins. The company's stra...
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