Sterling Construction ( (STRL) ) has shared an update.
Sterling Infrastructure, Inc. reported record financial results for the fourth quarter and full year 2024, with significant increases in revenue, net income, and EBITDA. The company achieved a 3% revenue growth in the fourth quarter and a 7% increase for the full year, alongside a notable rise in gross margins and operating cash flow. The deconsolidation of the RHB joint venture impacted year-end backlog figures, but the company maintained strong performance in its E-Infrastructure Solutions segment, with a 50% growth in operating income. Looking forward, Sterling provided optimistic guidance for 2025, expecting continued revenue and profitability growth, driven by strategic shifts toward higher-margin projects and regions.
More about Sterling Construction
Sterling Infrastructure, Inc. operates through subsidiaries in three segments: E-Infrastructure, Transportation, and Building Solutions across the United States. They provide services for manufacturing, data centers, distribution centers, highways, roads, bridges, and residential and commercial concrete foundations. The company emphasizes sustainability and community care.
YTD Price Performance: -35.22%
Average Trading Volume: 472,964
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.34B
For a thorough assessment of STRL stock, go to TipRanks’ Stock Analysis page.