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Sterling Construction ( (STRL) ) has issued an announcement.
Sterling Infrastructure, Inc. reported a strong third quarter in 2024, with revenues rising 6% to $593.7 million and a notable 56% increase in net income. The company’s strategic focus on margin expansion led to a record gross margin of 21.9%. CEO Joe Cutillo highlighted the growth in E-Infrastructure and Transportation Solutions, particularly due to data center projects and robust transportation markets. Despite a decline in the Building Solutions segment, Sterling raised its full-year profitability guidance, expecting a 10% revenue growth, reflecting confidence in future opportunities.
For an in-depth examination of STRL stock, go to TipRanks’ Stock Analysis page.
