Sterling Infrastructure Authorizes $400M Stock Repurchase Program

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announced that its Board of Directors authorized a new stock repurchase program to repurchase up to $400 million of its outstanding common stock over the next 24 months. This replaces the previous repurchase program which was set to expire on December 5, 2025. The repurchase program allows for flexibility in timing and method, and the Board may modify, suspend, or terminate the program at any time.

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About Sterling Infrastructure Inc.

Sterling Infrastructure Inc. is a diversified infrastructure services company primarily focused on heavy civil engineering and construction services throughout the United States. This enterprise specializes in the development of transportation and water infrastructure, site development, and remediating hazardous waste sites. With operations encompassing key areas such as highways, bridges, railways, airports, and water containment and treatment facilities, Sterling Infrastructure Inc. plays a crucial role in bolstering the nation's foundational framework. The company's projects often involve collaborations with public sector entities, reflecting its significance in executing large-scale initiatives vital to urban development and environmental sustainability. As a company listed on a major stock exchange, Sterling Infrastructure Inc. is pivotal within the construction and engineering sectors, addressing both commercial and government needs and contributing substantially to economic growth and regional connectivity.