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Sterling Announces E-Infrastructure Solutions New Awards Totaling $215 Million For the Second Quarter 2022
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its
About this update from Sterling Infrastructure, Inc.
[{"type":"text","content":" THE WOODLANDS, Texas--(BUSINESS WIRE)--\nSterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its E-Infrastructure Solutions segment reported new awards totaling $215 million during the second quarter of 2022. Sterling’s E-Infrastructure projects include large-scale site development services for warehouses, data centers, e-commerce distribution centers, multi-use facilities and industrial. E-Infrastructure is the Company’s fastest-growing segment, continuing to solidify Sterling’s leading position in the market.\n\nCEO Remarks\n\"Our E-Infrastructure segment continued to see strong market demand and bookings in the quarter. Warehouse projects lead the way as we continue to see additional retailers building out their e-commerce strategies. In addition, the recent supply chain challenges along with a multitude of onshoring activities have created new opportunities not traditionally seen in the past. This strong warehouse demand coupled with the continued need for new data centers has put us in a very favorable position for the remainder of 2022,” stated Joe Cutillo, Sterling’s CEO.\n\nAbout Sterling\nSterling operates through a variety of subsidiaries within three segments specializing in E-Infrastructure, Transportation and Building Solutions in the United States (the “U.S.”), primarily across the Southern, Northeastern, Mid-Atlantic and the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. E-Infrastructure Solutions projects develop advanced, large-scale site development systems and services for data centers, e-commerce distribution centers, warehousing, transportation, energy and more. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater 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.\n\nJoe Cutillo, CEO, “We build and s...