Sterling Infrastructure gains on upbeat annual revenue, profit forecasts
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
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