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Sterling Infrastructure, Inc.

NASDAQ:STRLLive AI agent

Sterling Infrastructure, Inc.

Investor website: https://strlco.com/

About

Sterling Infrastructure, Inc. is a leading solutions provider of site development and electrical & mechanical services for large, mission-critical projects in the United States. The company focuses on building and servicing infrastructure that supports economic growth, emphasizing high margins, healthy cash flow, and strong operational execution. Sterling is recognized for its sound management, customer-centric culture, and a diverse portfolio of subsidiary companies.

Verified company data

Cash position
$464.5 million
Shares outstanding
28,794,510
Fully diluted shares
29,213
Projects
["Sterling Announces Data Center Project Award Valued at Approximately $100 Million\n\nTHE WOODLANDS, TX\n\nMarch 18, 2024\n\nSterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that Plateau Excavation, a Sterling subsidiary, has been awarded a data center project in the southeastern U.S. with a value of approximately $100 million. The project scope covers 280 acres and includes 125,000 linear feet of underground infrastructure installation. Work is expected to begin in the second quarter of 2024.\n\nCEO Remarks “The data center market remains extremely robust as our customers work to build the infrastructure to support future data demand including the needs of artificial intelligence (AI) and other emerging technologies,” stated Joe Cutillo, Sterling’s Chief Executive Officer. “We are very pleased to have been selected by our customer for this project. Plateau’s best-in-class capabilities and customer-centric focus make them a trusted partner in mission critical projects where on-time delivery matters most.”","Sterling Awarded $40.4 Million Aviation Project In Utah\n\nTHE WOODLANDS, TX\n\nOctober 13, 2021\n\nSterling Construction Company, Inc. (NasdaqGS: STRL), (“Sterling” or the “Company”) today announced that its subsidiary, Ralph L. Wadsworth Construction Company, LLC (RLW), has been awarded a $40.4 million aviation project, the Design Pack 20 of the airfield concrete paving package for the Salt Lake City International Airport Terminal Redevelopment Program. This project award builds on Sterling’s prior successful delivery of projects in the growing Salt Lake City metro area. As noted in a recent Salt Lake City Tribune article, Utah topped all 50 states in terms of population growth over the 2010 – 2020 period, underpinning strong demand for investment in large municipal projects.\n\nThe Salt Lake City Corporation through its Department of Airports (SLCDA) embarked on a capital improvement program, the Terminal Redevelopment Program (TRP), to welcome more passengers and larger planes while also serving travelers as a hub with added conveniences and options. The $4.1 billion redevelopment program is being built in phases to ensure the project’s goal of Zero Impact to travelers continues. Additionally, the Design Pack 20 of the airfield concrete paving package consists of all airfield and civil work around the North Concourse East. Other major project components include construction of the Midfield Vehicle Tunnel Ramp and Walls, demolition of existing taxiways and aprons, removal of existing utilities, installation of storm drain, water and sewer, airfield signing and lighting, and communications/electrical duct banks. Construction is slated to begin in February 2022. Once completed, the airport will support 34 million passengers who travel through it each year.\n\nSterling CEO Joseph Cutillo commented, “We are honored to be a part of the New Salt Lake City International Airport historic project. RLW has been a key contributor to this project and this award is another testament of our ability to deliver value-added services and solutions to our customers. Our strategic shift in our Heavy Civil sector to alternative delivery aviation projects continues moving in the right direction and will continue to be a significant part of our strategy moving forward.”\n\nMr. Cutillo continued, “The New Salt Lake City International Airport project is the ideal example of the type of sustainability-oriented public works projects we want Sterling to be associated with. Civic planners are increasingly recognizing the need for sustainability as they invest in airport and rail infrastructure, not just in the direct sense but also as a means of attracting top firms and their employees. By showcasing Sterling’s ability as a partner on such projects, we intend to build on this success with more work centered on sustainability in the future.”","Sterling Awarded $40 Million Highway Project In Hawaii\n\nTHE WOODLANDS, TX\n\nMarch 29, 2021\n\nSterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its subsidiary, Road and Highway Builders, LLC (“RHB”), has been awarded a $40 million heavy civil contract by the Hawaii Department of Transportation for the reconstruction of 2.67 miles of Pali Highway on Hawaii’s island of Oahu.\n\nThe major reconstruction of this stretch of Pali Highway involves areas of full depth reconstruction, along with creative phasing to minimize impacts to the substantial number of commuters. This project leverages many aspects of Sterling’s diverse construction capabilities, including excavation, asphalt paving and traffic maintenance.\n\n“We welcome the opportunity to perform construction work on the Pali Highway, which is one of the most scenic drives in United States given its elevation and the commanding views of Oahu,” stated Joe Cutillo, Sterling’s CEO. “The highway provides a direct route from Oahu’s south-east coast to the city of Honolulu and is crucial for both passenger and commercial cross-island transport. Our work will help to alleviate the traffic and congestion on this widely traveled highway. Our RHB business has extensive experience in working in the challenging Oahu terrain which has enabled us to win another highly attractive project in the Hawaiian Islands.”"]
Leadership
Noelle Dilts (VP of Investor Relations & Corporate Strategy)

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