Replies to post #28847 on The Rising Influence of Rising Affluence

[marthambles]

Well that was quick. STRL has now handily surpassed its previous ATH. I guess the combination of the buyback announcement and the strong market worked to explosive effect.

[marthambles]

STRL continues its outstanding performance:

First Quarter 2024 Results

Revenues of $440.4 million, an increase of 9%
Gross margin of 17.5%, an increase from 15.3%
Net Income of $31.0 million, or $1.00 per diluted share, an increase of 58% and 56%, respectively
EBITDA(1) of $55.7 million, an increase of 21%
Cash flows from operations totaled $49.6 million for the first quarter
Cash and Cash Equivalents totaled $480.4 million at March 31, 2024
Backlog at March 31, 2024 was $2.35 billion
Combined backlog(2) at March 31, 2024 was $2.42 billion

Share price up over 13% today.