THE
WOODLANDS, Texas, Feb. 26,
2024 /PRNewswire/ -- Sterling Infrastructure, Inc.
(NasdaqGS: STRL) ("Sterling" or "the Company") today announced that
its Road and Highway Builders, LLC (RHB) subsidiary (50% owned),
has been awarded two highway projects totaling $78 million by the Nevada Department of
Transportation (NDOT). The awards are included in fourth quarter
2023 backlog.
The $49 million NDOT 3996 Lohantan
project involves 17 miles of highway widening and reconstruction,
new bridge construction, and new drainage systems. RHB will operate
a portable asphalt plant and aggregate crushing plant on site. The
project will begin in late February and is expected to be completed
in 2024.
The $29 million NDOT 4501 Tonopah
project involves 15 miles of highway widening and reconstruction
and new water and sewer facilities for the town of Tonopah. RHB will operate a portable asphalt
plant and aggregate crushing plant on site. The project is slated
to begin in March and is expected to be completed in 2024
CEO Remarks
"We are pleased to have been selected by
NDOT for these key projects, which align with our strategic
aggregate pit locations in Nevada," stated Joe
Cutillo, Sterling's CEO. "RHB's longstanding relationship
with NDOT positions us well to participate in the proactive,
multi-year infrastructure upgrade programs in the state."
About Sterling
Sterling Infrastructure, Inc.,
("Sterling," "the Company," "we," "our" or "us"), a Delaware corporation, operates through a
variety of subsidiaries within three segments specializing in
E-Infrastructure, Transportation and Building Solutions in
the United States, primarily
across the Southern, Northeastern, Mid-Atlantic and Rocky Mountain
regions and Hawaii.
E-Infrastructure Solutions provides advanced, large-scale site
development services for manufacturing, data centers, e-commerce
distribution centers, warehousing, energy and more. Transportation
Solutions includes infrastructure and rehabilitation projects for
highways, roads, bridges, airports, ports, rail 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.
Joe Cutillo,
CEO, "We build and service the infrastructure that enables our
economy to run, our people to move and our country to
grow."
Important Information for Investors and
Stockholders
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains statements that are considered
forward-looking statements within the meaning of the federal
securities laws. Any such statements are subject to risks and
uncertainties, including those risks identified in the Company's
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. The
forward-looking statements speak only as of the date made, and we
undertake no obligation to publicly update or revise any
forward-looking statements for any reason, whether as a result of
new information, future events or developments, changed
circumstances, or otherwise, notwithstanding any changes in our
assumptions, changes in business plans, actual experience or other
changes. These cautionary statements qualify all forward-looking
statements attributable to us or persons acting on our behalf.
Company Contact:
Sterling Infrastructure, Inc.
Noelle Dilts, VP of Investor
Relations and Corporate Strategy
281-214-0795
Noelle.dilts@strlco.com
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SOURCE Sterling Infrastructure, Inc.