Sterling Construction Company, Inc. Share News

Sterling Infrastructure beat analysts' sales and earnings estimates for Q1 2024. The company reported a 45% year-over-year increase in backlog.

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Infrastructure companies in the US, such as Powell Industries and Sterling Infrastructure, are experiencing significant growth and strong earnings reports. Sterling Infrastructure's Q1 2024 earnings showed a 9% increase in revenue, 17.5% gross margin, and a 58% increase in net income. Sterling Infrastructure is actively seeking acquisition targets and has a positive outlook for the remainder of...

Sterling topped first-quarter estimates and raised full-year guidance. The company is a good back-door way to gain exposure to a number of megatrends, including AI, e-commerce, and infrastructure renewal.

Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Noelle Dilts - Vice President, Investor Relations and Corporate Strategy Joe Cutillo - Chief Executive Officer Ron Ballschmiede - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Operator Good morning, ladies...

THE WOODLANDS, Texas , May 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: 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.

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Sterling Infrastructure has been a hot small-cap in the last year as its bets on next-gen infrastructure construction start to pay off. The company is sitting on more data center construction growth in 2024.