Why Sterling Infrastructure Shares Are Soaring Today [Yahoo! Finance]
Sterling Infrastructure, Inc. (STRL)
Last sterling infrastructure, inc. earnings: 3/2 04:24 pm
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US:NASDAQ Investor Relations:
strlco.com/investor-relations
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Source: Yahoo! Finance
Investors are buying in, sending shares of Sterling up 15% as of 10:45 Eastern. Growth across the business Sterling is a construction company focused on high-growth markets, including warehouses, data centers, and large infrastructure projects. The company earned $1 per share in the first quarter on revenue of $440.4 million, topping the $0.77 per share in earnings on sales of $412 million consensus estimate. Revenue was up 9% year over year, and Sterling's gross margin improved by 220 basis points to 17.5% in the quarter. CEO Joe Cutillo said the results came despite difficult weather in January and February that delayed work on some key projects. "Had the weather cooperated, the quarter would have been even better," Cutillo said. "We believe 2024 will be another excellent year for Sterling." The company is forecasting earnings of $5 to $5.30 per share for all of 2024 on revenue of between $2.125 billion and $2.215 billion. Both ranges offer upside to the $4.99 per share in
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News
- Investors Heavily Search Sterling Infrastructure, Inc. (STRL): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Are Construction Stocks Lagging Sterling Infrastructure, Inc. (STRL) This Year? [Yahoo! Finance]Yahoo! Finance
- Sterling Announces Planned 2024 Executive Transitions - Sharon Villaverde Appointed Chief Financial Officer and Chief Accounting Officer [Yahoo! Finance]Yahoo! Finance
- Sterling Announces Planned 2024 Executive Transitions - Sharon Villaverde Appointed Chief Financial Officer and Chief Accounting OfficerPR Newswire
- Sterling Infrastructure (STRL) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
STRL
Earnings
- 5/6/24 - Beat
STRL
Sec Filings
- 5/16/24 - Form 3/A
- 5/15/24 - Form 3
- 5/15/24 - Form 8-K
- STRL's page on the SEC website