Sterling Infrastructure Management

Management criteria checks 3/4

Sterling Infrastructure's CEO is Joe Cutillo, appointed in Feb 2017, has a tenure of 7.58 years. total yearly compensation is $6.05M, comprised of 16.5% salary and 83.5% bonuses, including company stock and options. directly owns 1.19% of the company’s shares, worth €47.85M. The average tenure of the management team and the board of directors is 3.9 years and 5.3 years respectively.

Key information

Joe Cutillo

Chief executive officer

US$6.1m

Total compensation

CEO salary percentage	16.5%
CEO tenure	7.6yrs
CEO ownership	1.2%
Management average tenure	3.9yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joe Cutillo's remuneration changed compared to Sterling Infrastructure's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$162m
Mar 31 2024	n/a	n/a	US$150m
Dec 31 2023	US$6m	US$1m	US$139m
Sep 30 2023	n/a	n/a	US$119m
Jun 30 2023	n/a	n/a	US$110m
Mar 31 2023	n/a	n/a	US$99m
Dec 31 2022	US$5m	US$830k	US$97m
Sep 30 2022	n/a	n/a	US$86m
Jun 30 2022	n/a	n/a	US$77m
Mar 31 2022	n/a	n/a	US$69m
Dec 31 2021	US$5m	US$790k	US$61m
Sep 30 2021	n/a	n/a	US$58m
Jun 30 2021	n/a	n/a	US$52m
Mar 31 2021	n/a	n/a	US$50m
Dec 31 2020	US$4m	US$740k	US$43m
Sep 30 2020	n/a	n/a	US$59m
Jun 30 2020	n/a	n/a	US$52m
Mar 31 2020	n/a	n/a	US$41m
Dec 31 2019	US$4m	US$675k	US$40m
Sep 30 2019	n/a	n/a	US$23m
Jun 30 2019	n/a	n/a	US$24m
Mar 31 2019	n/a	n/a	US$25m
Dec 31 2018	US$8m	US$650k	US$25m
Sep 30 2018	n/a	n/a	US$23m
Jun 30 2018	n/a	n/a	US$21m
Mar 31 2018	n/a	n/a	US$16m
Dec 31 2017	US$2m	US$503k	US$12m

Compensation vs Market: Joe's total compensation ($USD6.05M) is above average for companies of similar size in the German market ($USD2.68M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Cutillo (58 yo)

7.6yrs

Tenure

US$6,051,580

Compensation

Mr. Joseph A. Cutillo, also known as Joe, has been the President of Sterling Infrastructure, Inc. (formerly known as Sterling Construction Company, Inc.) since February 2017 and its Chief Executive Officer...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Cutillo	CEO, President & Director	7.6yrs	US$6.05m	1.19% $ 47.9m
Mark Wolf	General Counsel	4.1yrs	US$1.12m	0.076% $ 3.1m
Ronald Ballschmiede	Executive Vice President	less than a year	US$2.29m	0.75% $ 30.2m
Sharon Villaverde	CFO & Chief Accounting Officer	less than a year	no data	no data
Kevan Blair	Senior Vice President of Corporate Finance	11yrs	US$415.15k	no data
Noelle Dilts	Vice President of Investor Relations & Corporate Strategy	no data	no data	no data
Con Wadsworth	President of Heavy Civil Segment	3.8yrs	US$1.55m	no data
Jennifer Maxwell	Director of Investor Relations	no data	no data	no data

3.9yrs

Average Tenure

62yo

Average Age

Experienced Management: UAO's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Cutillo	CEO, President & Director	7.3yrs	US$6.05m	1.19% $ 47.9m
Roger Cregg	Independent Director	5.3yrs	US$259.99k	0.14% $ 5.8m
Thomas White	Independent Chairman	6.2yrs	US$354.99k	0.16% $ 6.4m
Julie Dill	Independent Director	3yrs	US$234.99k	0.070% $ 2.8m
Dwayne Wilson	Independent Director	4yrs	US$234.99k	0.055% $ 2.2m
Dana O'Brien	Independent Director	5.7yrs	US$249.99k	no data
William Bosway	Independent Director	less than a year	no data	0.0041% $ 165.4k

5.3yrs

Average Tenure

64yo

Average Age

Experienced Board: UAO's board of directors are considered experienced (5.3 years average tenure).

Sterling Infrastructure Management

Management criteria checks 3/4

Key information

Recent management updates

Executive Vice President recently sold €2.4m worth of stock

Sterling Infrastructure, Inc. Announces Retirement of Charles R. Patton as Board Director, Effective September 1, 2024

Sterling Infrastructure, Inc. Announces Appointment of Dan Govin as Chief Operating Officer

Sterling Infrastructure, Inc. Announces CFO Changes

Sterling Infrastructure, Inc., Annual General Meeting, May 09, 2024

General Counsel recently sold €396k worth of stock

Recent updates

Executive Vice President recently sold €2.4m worth of stock

Investor sentiment improves as stock rises 16%

Now 26% undervalued after recent price drop

Sterling Infrastructure, Inc. Announces Retirement of Charles R. Patton as Board Director, Effective September 1, 2024

Sterling Infrastructure, Inc. Announces Appointment of Dan Govin as Chief Operating Officer

Second quarter 2024 earnings released: EPS: US$1.68 (vs US$1.28 in 2Q 2023)

Sterling Infrastructure, Inc. Revises Earnings Guidance for the Full Year 2024

Sterling Infrastructure, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Sterling Infrastructure, Inc.(NasdaqGS:STRL) dropped from Russell 3000E Value Index

Sterling Infrastructure, Inc. Announces CFO Changes

Now 20% undervalued

Investor sentiment improves as stock rises 20%

Sterling Infrastructure, Inc. Provides Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$1.00 (vs US$0.64 in 1Q 2023)

Sterling Infrastructure, Inc. to Report Q1, 2024 Results on May 06, 2024

Sterling Infrastructure, Inc., Annual General Meeting, May 09, 2024

General Counsel recently sold €396k worth of stock

Investor sentiment improves as stock rises 22%

General Counsel recently sold €405k worth of stock

Sterling Infrastructure, Inc. Provides Earning Guidance for Full Year 2024

Full year 2023 earnings released: EPS: US$4.51 (vs US$3.20 in FY 2022)

Now 20% overvalued after recent price rise

Sterling Infrastructure, Inc. Announces Election of William T. Bosway to Board of Directors, Effective March 7, 2024

Sterling Infrastructure, Inc. to Report Q4, 2023 Results on Feb 26, 2024

Sterling Infrastructure, Inc. Announces Planned Retirement of Chief Financial Officer Ronald Ballschmiede

Now 20% overvalued after recent price rise

Sterling Infrastructure, Inc. (NasdaqGS:STRL) announces an Equity Buyback for $200 million worth of its shares.

Sterling Infrastructure, Inc. (NasdaqGS:STRL) acquired Professional Plumbers Group, Incorporated for $50 million.

Sterling Infrastructure, Inc. (NasdaqGS:STRL) acquired Professional Plumbers Group, Incorporated for $50 million.

Sterling Infrastructure, Inc. Raises Its Earnings Guidance for the Fiscal Year 2023

New major risk - Share price stability

Third quarter 2023 earnings released: EPS: US$1.28 (vs US$0.97 in 3Q 2022)

Sterling Infrastructure, Inc. to Report Q3, 2023 Results on Nov 06, 2023

Insufficient new directors

Investor sentiment improves as stock rises 21%

New minor risk - Share price stability

Second quarter 2023 earnings released: EPS: US$1.28 (vs US$0.86 in 2Q 2022)

Sterling Infrastructure, Inc. to Report Q2, 2023 Results on Aug 07, 2023

Sterling Infrastructure, Inc.(NasdaqGS:STRL) dropped from Russell 2000 Dynamic Index

Investor sentiment improves as stock rises 15%

General Counsel recently sold €178k worth of stock

First quarter 2023 earnings released: EPS: US$0.64 (vs US$0.64 in 1Q 2022)

General Counsel recently sold €156k worth of stock

Full year 2022 earnings released: EPS: US$3.20 (vs US$2.19 in FY 2021)

Sterling Infrastructure, Inc. to Report Q4, 2022 Results on Feb 27, 2023

General Counsel recently sold €105k worth of stock

Sterling Infrastructure, Inc. (NasdaqGS:STRL) acquired Concrete Construction Services of Arizona L.L.C. for $22 million.

Sterling Infrastructure, Inc. (NasdaqGS:STRL) acquired Concrete Construction Services of Arizona L.L.C. for $22 million.

An unknown buyer acquired 50% interest in Myers & Sons Construction L.P. from Sterling Infrastructure, Inc. (NasdaqGS:STRL) for $18 million.

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$0.97 (vs US$0.74 in 3Q 2021)

Sterling Infrastructure, Inc. Provides Earnings Guidance for the Year 2022

Sterling Infrastructure, Inc. to Report Q3, 2022 Results on Oct 31, 2022

Sterling Infrastructure, Inc. Revises Earnings Guidance for the Full Year 2022

Second quarter 2022 earnings released: EPS: US$0.86 (vs US$0.70 in 2Q 2021)

Sterling Infrastructure, Inc. Provides Earnings Guidance for the Full Year 2022

Sterling Infrastructure, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Sterling Construction Company Reaffirms Earnings Guidance for Fiscal 2022

First quarter 2022 earnings released: EPS: US$0.64 (vs US$0.37 in 1Q 2021)

Sterling Construction Company, Inc. to Report Q1, 2022 Results on May 02, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Sterling Construction Company, Inc. Announces Earnings Guidance for the Year 2022

Sterling Construction Company, Inc. to Report Q4, 2021 Results on Feb 28, 2022

Sterling Construction Company, Inc. (NasdaqGS:STRL) completed the acquisition of Petillo Incorporated from Michael V. Petillo for approximately $220 million.

Sterling Construction Company, Inc. (NasdaqGS:STRL) acquired Kimes & Stone Construction Co., Inc. for $7.6 million.

Third quarter 2021 earnings released: EPS US$0.74 (vs US$0.54 in 3Q 2020)

High number of new directors

High number of new directors

Director recently bought €191k worth of stock