Sterling Infrastructure, Inc. Provides Earnings Guidance for the Year 2022
October 31, 2022 at 04:05 pm EDT
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Sterling Infrastructure, Inc. provided earnings guidance for the year 2022. For the year, the company expects revenue of $1.90 billion to $1.92 billion, net income of $94 million to $98 million and EPS of $3.08 to $3.21.
Sterling Infrastructure, Inc. operates through a variety of subsidiaries, specializing in E-Infrastructure, Transportation and Building Solutions in the United States. Its segments include E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment is a provider of large-scale specialty site infrastructure improvement contracting services in the Southeastern, Northeastern and Mid-Atlantic United States. It serves large, blue-chip end users in the e-commerce, data center, distribution center, warehousing, energy sectors and more. The Transportation Solutions segment is comprised of heavy highway, aviation, and rail, and relies heavily on federal and state infrastructure spending. The principal markets of this segment are Arizona, Colorado, Hawaii, Nevada, Texas, and Utah. The Building Solutions segment is comprised of its residential and commercial businesses. It focuses on concrete construction of multifamily foundations.
STERLING INFRASTRUCTURE, INC. 
