other material
confidence high
sentiment positive
materiality 0.65
Sterling Infrastructure authorizes new $400M stock repurchase program over 24 months
STERLING INFRASTRUCTURE, INC.
- New repurchase program authorized: up to $400M in common stock over 24 months, replacing prior program (expiring Dec 2025).
- Previous program had $81M remaining capacity at time of replacement.
- Program begins immediately; timing and amount at management discretion; board may modify or suspend.
- CEO cites confidence in outlook, strong balance sheet, balanced capital allocation.