Sterling Infrastructure gains on upbeat annual revenue, profit forecasts

Sterling Infrastructure

18/09/2025 18:42

** Shares of Texas-based Sterling Infrastructure STRL.O up ~9% at $350.47

** The construction firm expects FY 2025 adj. EPS between $9.43 and $9.71, above analysts' expectations of $8.10, according to data compiled by LSEG

** Sees annual adj. revenue between $2.23 bln and $2.29 bln, slightly above average estimate of $2.25 bln

** FY adj. outlook reflects co's planned $505 mln acquisition of specialty contractor CEC Facilities Group

** YTD, the stock has risen ~107%, including session's moves

(Reporting by Krisha Bhatt)

((Krisha.Bhatt@thomsonreuters.com))