Sterling Infrastructure, Inc. (STRL) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

SA Transcripts 162.21K Followers Follow Sterling Infrastructure, Inc. ( STRL ) Morgan Stanley's 14th Annual Laguna Conference September 15, 2026 7:05 PM EDT Company Participants Joseph Cutillo - CEO, President & Director Presentation Operator All right. Thank you, everyone, for attending. We are very pleased to have Joe Cutillo, the CEO of Sterling Infrastructure for a one-on-one discussion. We're going to talk about something we haven't discussed the entire conference, AI and data centers. Joe, you're obviously a leader in the space and you have a lot of forward visibility being part of what's become an ever-increasing bottleneck around advanced facilities. So it's great to have you on. Would love a brief introduction and then we can get into some Q&A. Joseph Cutillo CEO, President & Director Yes. So I appreciate everybody taking the time. Joe Cutillo, CEO of Sterling Infrastructure. We focus in -- when we talk about the AI space, in the site development and the electrical aspects of the buildout. And as we get into the questions, I can tell you right upfront, we've had a lot of questions around slowdowns, delays, pauses, all the political rhetoric. I can tell you first hand, we've seen no delays, no pauses, no pushouts, no cancellations. Every week, we hear from our customer base, which is the biggest hyperscalers in the U.S., along with the second tier below them. How do we do more faster? And so it's interesting in today's world in today's market. I read the newspaper, and I hear and see 1 thing, and I talk to our teams, and I talk to our customers and it's 180 degrees from what we're reading. Question-and-Answer Session Unknown Analyst Yes. Well, you stole my first question, but there's a lot of nimbyism and it's manifested itself in a lot of different ways. It's moratory and it's power constrained, just general