Can Sterling Offset Housing Weakness With Mission-Critical?

Key Takeaways Mission-critical work, led by data centers, now makes up over 65% of STRL's E-Infrastructure backlog. STRL's residential business fell 19% YoY, but total backlog rose to $2.13B on strong public project wins. STRL raised 2025 EPS guidance to $8.40-$8.90, reflecting 25.5% growth amid favorable infrastructure trends.Sterling Infrastructure, Inc. (STRL) has currently shifted its focus toward large-scale mission-critical projects, including data centers, amid a weak housing market. This strategic ...