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Sterling Infrastructure has announced a new $400 million stock repurchase program, replacing its previous program set to expire in December. The new program allows the company to repurchase up to $400 million of its outstanding common stock over 24 months. Share repurchases will be at the discretion of management and may be made through open market transactions or privately negotiated deals. The company's CEO expressed confidence in Sterling's outlook and stated that the expanded repurchase authorization reflects its commitment to a balanced capital allocation strategy.

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