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. 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 & ...

For Immediate ReleaseChicago, IL – November 12, 2024 – Today, Zacks Equity Research like Sterling Infrastructure (STRL) .Time to Buy Sterling Infrastructures Stock for Higher Highs?Amid a broader post-election rally, quite a few stocks have hit fresh 52-week highs with Sterling Infrastructure being one that stands out in particular.Soaring over +120% year to date, STRL printed a fresh peak of $201 a share in Monday’s trading session and investors may be wondering if higher highs are ahead.Sterling’s Strong ...

Amid a broader post-election rally, quite a few stocks have hit fresh 52-week highs with Sterling Infrastructure (STRL)  being one that stands out in particular.Soaring over +120% year to date, STRL printed a fresh peak of $201 a share in Monday’s trading session and investors may be wondering if higher highs are ahead.Image Source: Zacks Investment Research Sterling’s Strong Q3 Results Mission-critical projects including data center projects have catapulted Sterling’s growth. Reporting its Q3 results last ...

Core Viewpoint - Sterling Infrastructure (STRL) has shown significant stock performance, with a 23.2% increase over the past month and a 120.2% rise since the beginning of the year, outperforming both the Zacks Construction sector and the Zacks Engineering - R and D Services industry [1] Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.97 against a consensus estimate of $1.68 in its latest earnings report [2] - For the current fiscal year, Sterling Infrastructure is projected to achieve earnings of $5.96 per share on revenues of $2.16 billion, reflecting a 33.33% increase in EPS and a 9.69% increase in revenues [3] - The next fiscal year forecasts an EPS of $6.11 per share on revenues of $2.33 billion, indicating year-over-year changes of 2.52% in EPS and 7.74% in revenues [3] Valuation Metrics - The stock currently trades at a valuation of 32.5 times the current fiscal year EPS estimates, which is higher than the peer industry average of 23.3 times [7] - On a trailing cash flow basis, the stock trades at 30.1 times compared to the peer group's average of 17.9 times [7] - The PEG ratio stands at 2.17, suggesting that the company is not positioned among the top value stocks [7] Zacks Rank and Style Scores - Sterling Infrastructure holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates [8] - The stock has a Value Score of D, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of B [6][9] - The combination of a strong Zacks Rank and acceptable Style Scores indicates potential for the stock in the near future [9]

Sterling Infrastructure (NASDAQ: STRL ) offers investors a unique combination of growth potential and financial stability. I think so because the company capitalizes on positive trends both in mature and emerging industries. STRL benefits from the increased governmental infrastructure spending inAs an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering ...

Sterling Infrastructure, Inc. (NASDAQ:STRL) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Joe Cutillo - CEO Sharon Villaverde - CFO Noelle Dilts - VP, IR and Corporate Strategy Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Julio Romero - Sidoti Company Operator Welcome to Sterling Infrastructure 3Q '24, webcast and conference call. [Operator Instructions]. I would now like to turn the conference over to Noelle Dilts. Please g ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 1-31993 STERLING INFRASTRUCTURE, INC. (Exact name of registrant as specified in its charter) Delaware 25-1655321 (State or other ju ...

Sterling Infrastructure (STRL) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.26%. A quarter ago, it was expected that this civil construction company would post earnings of $1.43 per share when it actually produced earnings of $1.67, delivering a surprise of 16.78%.Over the last ...

Exhibit 99.1 NEWS RELEASE For Immediate Release: November 6, 2024 Sterling Reports Record Third Quarter 2024 Results and Raises Full Year Profitability Guidance THE WOODLANDS, TX – November 6, 2024 – Sterling Infrastructure, Inc. (NasdaqGS: 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 ma ...

THE WOODLANDS, Texas, Nov. 6, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: 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 metrics EBITDA(1) of $100.8 million, an i ...