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Sterling Infrastructure (STRL) has reported a 400bps YoY expansion in gross margin to 23.3% in Q2 2025, driven by higher productivity and operational efficiency. Data center revenues more than doubled in the period, accounting for 62% of the E-Infrastructure segment's backlog, which rose 44% YoY to $1.2 billion. For 2025, STRL expects E-Infrastructure margins to remain in the mid-to-high 20% range.

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