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Sterling Infrastructure Records Solid Demand & Bookings In E-Infrastructure Segment

Benzinga · 07/27/2022 15:56
  • Sterling Infrastructure, Inc's (NASDAQ:STRL) E-Infrastructure Solutions segment reported new awards totaling $215 million during 2Q22.
  • Sterling's E-Infrastructure projects include large-scale site development services for warehouses, data centers, e-commerce distribution centers, multi-use facilities, and industrial.
  • "Our E-Infrastructure segment continued to see strong market demand and bookings in the quarter," stated Joe Cutillo, Sterling's CEO.
  • The company indicated optimism for the remainder of 2022, citing strong warehouse demand coupled with the continued need for new data centers.
  • Price Action: STRL shares are trading higher by 3.04% at $24.72 on the last check Wednesday.