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Sterling Announces E-Infrastructure Solutions New Awards Totaling $278 Million For the First Quarter 2022
THE WOODLANDS, Texas--(BUSINESS WIRE)-- Sterling Construction Company, 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 Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its E-Infrastructure Solutions segment reported new awards totaling $278 million during the first quarter of 2022. Sterling’s E-Infrastructure projects include large-scale site development services for e-commerce distribution centers, data centers and warehouses. E-Infrastructure is the Company's fastest-growing segment with recent acquisitions solidifying Sterling's leading position in the market.\n\nCEO Remarks\n\n\"Our E-Infrastructure Solutions segment has delivered a strong start for 2022, as is evident with the awarded projects in the first quarter. The demand from our blue-chip customers continues in the major East Coast markets enabling opportunities to continue our growth in 2022,” stated Joe Cutillo, Sterling’s CEO. “The synergies of Plateau and Petillo cultivate the strength of our entrepreneurial spirit dedicated to delivering enhanced customer-centric solutions. These awards facilitate our strategic vision for the E-infrastructure Solutions segment to expand into new geographies with our core customers, and foster opportunities with new customers. Further, our investment adds the capacity, assets, capabilities, customers, and people this high-growth market requires.”\n\nAbout Sterling\n\nSterling Construction Company, Inc. operates through a variety of subsidiaries within three segments specializing in Transportation, E-Infrastructure and Building Solutions in the United States (the “U.S.”), primarily across the Southern, Northeastern and Mid-Atlantic U.S., the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater and storm drainage systems. 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. 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 committe...