Sterling Announces Record Bookings of $424 Million in E-Infrastructure Solutions for the Second Quarter 2023
2023年7月26日 - 9:30PM
ビジネスワイヤ(英語)
Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or
"the Company") today announced record bookings in its
E-Infrastructure Solutions segment totaling $424 million during the
second quarter of 2023. This quarter's bookings include a new award
to Plateau, a Sterling subsidiary, by Hyundai Engineering America,
Inc. for an additional phase of work on the Bartow County, Georgia
EV battery plant. The Hyundai project is the largest in the
Company's history. Sterling's E-Infrastructure site development
projects include services for industrial facilities, data centers,
multi-use facilities, e-commerce distribution centers and
warehouses. E-Infrastructure is the Company's fastest-growing and
highest-margin segment.
CEO Remarks
"Demand for E-Infrastructure Solutions continues to trend ahead
of our expectations, driven by very high levels of activity in
industrial development and data centers," stated Joe Cutillo,
Sterling's CEO. "The market for clean energy and next-generation
manufacturing is affording opportunities of unprecedented size, and
they are emerging more quickly than we had anticipated.
Additionally, the data center market remains very active as
projects driven by AI and other technology advancements move
forward. We are well-positioned for continued growth and remain
focused on delivering value to our Blue-Chip customers."
About Sterling
Sterling Infrastructure, Inc., ("Sterling," "the Company," "we,"
"our" or "us"), a Delaware corporation, operates through a variety
of subsidiaries within three segments specializing in
E-Infrastructure, Transportation and Building Solutions in the
United States, primarily across the Southern, Northeastern,
Mid-Atlantic and Rocky Mountain regions and Hawaii.
E-Infrastructure Solutions provides advanced, large-scale site
development services for manufacturing, data centers, e-commerce
distribution centers, warehousing, energy and more. Transportation
Solutions includes infrastructure and rehabilitation projects for
highways, roads, bridges, airports, ports, rail and storm drainage
systems. Building Solutions projects include residential and
commercial concrete foundations for single-family and multi-family
homes, parking structures, elevated slabs and other concrete work.
From strategy to operations, we are committed to sustainability by
operating responsibly to safeguard and improve society's quality of
life. Caring for our people and our communities, our customers and
our investors – that is The Sterling Way.
Joe Cutillo, CEO, "We build and service the
infrastructure that enables our economy to run, our people to move
and our country to grow."
Important Information for Investors and Stockholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that are considered
forward-looking statements within the meaning of the federal
securities laws. Any such statements are subject to risks and
uncertainties, including those risks identified in the Company's
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. The
forward-looking statements speak only as of the date made, and we
undertake no obligation to publicly update or revise any
forward-looking statements for any reason, whether as a result of
new information, future events or developments, changed
circumstances, or otherwise, notwithstanding any changes in our
assumptions, changes in business plans, actual experience or other
changes. These cautionary statements qualify all forward-looking
statements attributable to us or persons acting on our behalf.
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version on businesswire.com: https://www.businesswire.com/news/home/20230726305912/en/
Sterling Infrastructure, Inc. Noelle Dilts, VP of Investor
Relations and Corporate Strategy 281-214-0795
Noelle.dilts@strlco.com
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