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Benzinga
Benzinga
Business
Akanksha Bakshi

Sterling's E-Infrastructure Solutions Bags $278M New Awards In Q1

STRL Nasdaq e-commerce
  • Sterling Construction Company, Inc's (NASDAQ:STRL) E-Infrastructure Solutions segment reported new awards of $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.
  • "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.
  • Price Action: STRL shares are trading lower by 2.41% at $24.14 on Monday's last check.
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