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THE WOODLANDS, Texas , Aug. 5, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or the "Company") today announced financial results for the second quarter 2024. The financial comparisons herein are to the prior year quarter, unless otherwise noted.
Sterling Infrastructure, Inc. STRL is scheduled to report second-quarter 2024 results on Aug 5, after the closing bell. In the first quarter, Sterling's revenues, though, missed the Zacks Consensus Estimate by 2.9% but grew 9% year over year despite challenging weather.
Sterling Infrastructure (STRL) closed the most recent trading day at $113.39, moving -1.64% from the previous trading session.
THE WOODLANDS, Texas , July 25, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it plans to issue its financial results for the second quarter of 2024 on Monday, August 5, 2024, after the stock market closes. Sterling's management will host a conference call on Tuesday, August 6, 2024, at 9:00 am ET/8:00 am CT to discuss the second quarter results, as well as the 2024 outlook.
Shares of Sterling Infrastructure, Inc. STRL have soared 47.2% year to date (YTD), significantly outpacing the 21% gain in the Zacks Engineering - R and D Services industry. Additionally, STRL's sector has increased 9.9%, while the S&P 500 has risen 16.9% in the same period.
Sterling Infrastructure is benefitting from long-term AI tailwinds, with double-digit revenue growth and margin expansion. The company is involved in e-infrastructure, transportation, and building solutions, with a focus on custom solutions for customers. Strong financial performance, growth opportunities in e-infrastructure, and a solid capital allocation framework make Sterling Infrastructure a buy.
In the latest trading session, Sterling Infrastructure (STRL) closed at $113.03, marking a -0.59% move from the previous day.
Sterling Infrastructure (STRL) closed the most recent trading day at $118.34, moving -0.83% from the previous trading session.
In the closing of the recent trading day, Sterling Infrastructure (STRL) stood at $119.33, denoting a +1% change from the preceding trading day.
In the latest trading session, Sterling Infrastructure (STRL) closed at $116.22, marking a -1.3% move from the previous day.