Granite Construction

Granite Construction, Inc. is a holding company. It operates as an infrastructure contractor and a construction materials company in the United States. It operates through the following segments: Construction and Materials. The Construction segment is involved in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. The company was founded in 1922 and is headquartered in Watsonville, CA.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Granite Construction reports highest net income since 2008, eyes growth

Granite Construction's Q4 2022 earnings call highlighted strong financial performance, strategic achievements, and a focus on safety and margin improvements. The company outlined plans for organic growth, potential M&A, and leveraging IIJA funds for growth investments in 2023.

Granite Construction overcomes weather challenges, eyes strong growth in 2023

Granite Construction navigated weather challenges in Q1 2023, reporting record CAP total and stable costs.
Opportunities arose from the weather disruptions, with a focus on strategic growth and safety commitment.
Challenges included weather impacts on revenue projections, but the company remains optimistic about meeting guidance.
Acquisitions and strong order volumes position the company for continued growth and margin progression in 2023.

Granite Construction reports robust Q2 performance and eyes 2024 growth

Granite Construction's Q2 2023 earnings call highlighted strong performance, strategic acquisitions, operational excellence, and confidence in future growth. Despite challenges, the company is focused on addressing issues and seizing opportunities for revenue growth and expansion.

Granite Construction reports robust Q3 growth and eyes strategic expansion

Granite Construction's Q3 2023 performance showcased strong growth in both Construction and Materials segments, driven by strategic investments and operational efficiency.
While facing challenges in maintaining growth momentum and margin gains, the company's solid financial health and focus on expansion present opportunities for future success.
With a record high-quality CAP, strong cash flow, and plans for strategic expansion, Granite Construction remains on track to meet its financial targets and pursue growth beyond 2024.

Granite Construction posts strong Q4 results, eyes revenue growth

Granite Construction's strategic investments and acquisitions are driving revenue growth and margin expansion. The company's shift in business model over the past 3 years has positively impacted cash generation and derisked the portfolio. Focus on SG&A efficiency, cash flow improvement, and revenue growth sets a positive trajectory for future performance.

Granite Construction (GVA) reports robust Q1 performance and growth strategies

Granite Construction (GVA) delivered strong financial results in Q1 2024, driven by the performance of its Construction and Materials segments. The company is focused on meeting guidance, maintaining growth momentum, and exploring strategic opportunities for expansion through M&A activities.

Granite Construction (GVA) reports robust Q2 performance and strategic acquisitions

Granite Construction's Q2 2024 earnings call highlighted strong performance, operational efficiency, and strategic acquisitions driving revenue and profitability growth.
While facing narrowed revenue guidance and integration challenges, the company remains focused on home markets, best value projects, and financial resilience.
With a clear emphasis on operational excellence and growth opportunities, Granite Construction is poised for continued success and value creation in the construction and materials sectors.

Granite Construction (GVA) reports robust Q3 performance and strategic growth plans

Granite Construction (GVA) showcased strong financial performance and strategic planning in Q3 2024 earnings call.
The company's focus on growth, margin improvement, and cash flow generation reflects a commitment to long-term success.
While facing challenges such as project delays and margin expansion, Granite Construction remains poised to capitalize on opportunities for growth and market leadership.

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WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced it has been awarded the contract to construct the 148th Ave. NE Interchange Access Ramp in downtown Redmond, Washington by the Washington State Department of Transportation (WSDOT). The approximately $28 million award is anticipated to be included in Granite's second quarter committed and awarded projects. The new access ramp will provide a direct connection from the SR 520 offramp to new arterials, Hopper Street, Lumiere Street

Granite Secures $28 Million Interchange Access Ramp Project in Redmond, Washington

Granite Construction Inc. (NYSE: GVA) was awarded an $18 million contract for the 300 West Reconstruction project by Salt Lake City in Utah. The scope of work consists of the full reconstruction of 300 West from 900 South to 2100 South.

Granite Construction Bags $18M Road Reconstruction Project In Salt Lake City

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--300 West SLC PR

Granite Awarded $18 Million Road Reconstruction Project in Salt Lake City

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the contract to construct Segment 4B of the Highway 101 Carpinteria to Santa Barbara Construction Manager/General Contractor (CM/GC) project by the California Department of Transportation (Caltrans). With this announcement, Granite has now secured the third construction contract of the five segment, $410 million project. Granite had previously been named construction manager for all of Phase 4. The

Granite Has Secured Third of Five Highway 101 Santa Barbara Project Contracts With $151 Million CM/GC Award

Granite Construction (GVA) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

What Makes Granite Construction (GVA) a Good Fit for "Trend Investing"

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite wins rehabilitation contract at Anchorage International.

Granite Awarded $16 Million Rehabilitation Project at Anchorage International Airport

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite Construction has secured a $20M contract to construct a lake-side bike trail in Northern California.

Granite Awarded $20 Million Bike Trail Project in California

A bipartisan compromise is possible this summer on massive U.S. infrastructure spending the next several years. Granite is a leading heavy construction firm focused on roads, bridges and water facilities throughout the nation.

A Pure Play On New U.S. Infrastructure Spending: Granite Construction

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced that it has been awarded the contract for the Oddie Boulevard/Wells Avenue Corridor Project by the Regional Transportation Commission of Washoe County (RTC) in Reno, Nevada. The project will introduce multi-modal transportation to a 3.2-mile-long corridor from Reno to Sparks. This award is one of several large projects in the Reno area in recent years, and further strengthens Granite's working relationship with the RTC. The appr

Granite Awarded $44 Million Corridor Improvement Project in Reno

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced today its “Vision and Values” video has been named Best General Non-Broadcast in the 42nd Annual Telly Awards. The Telly Awards honors excellence in video and television across all screens and is judged by leaders from video platforms, television, streaming networks, and production companies including Netflix, Dow Jones, Duplass Brothers Productions, Complex Networks, A&E Networks, Hearst Media, Nickelodeon, ESPN Films, RYOT

Granite's “Vision and Values” Named Best General – Non-Broadcast in Video in the 42nd Annual Telly Awards

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite joins National Hispanic Corporate Council.

Granite Joins National Hispanic Corporate Council

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) announced that it has been awarded a contract by the County of San Luis Obispo for the construction phase of the Runway 11-29 Rehabilitation Project at San Luis Obispo County Regional Airport in central California. Granite had previously received a contract for the construction manager at risk portion (CMAR) of the project in 2020 and provided preconstruction design assistance. The rehabilitation is the first CMAR contract for the County,

Granite Awarded $12 Million CMAR Runway Rehabilitation Project in Central California

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--The Derby Dam Fish Screen project wins Granite AGC PINNACLE award.

Granite's Nevada Region Earns AGC Pinnacle Award in Contractor's Excellence & Environmental Sustainability for Construction of Derby Dam Fish Screen

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) announced that Kyle Larkin, Granite's president and chief executive officer, will participate in a virtual fireside chat hosted by Vertical Research Partners analyst Michael Dudas on June 16, 2021 at approximately 2:00 p.m. ET. This fireside chat will be available to Vertical Research Partners clients. A video replay can be accessed from Granite's website approximately 24 hours after the virtual fireside chat. A

Granite Construction CEO to Participate in Vertical Research Partners Infrastructure Virtual Summit

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite joins CEO Action for Diversity & Inclusion.

Granite Construction Joins Nearly 2,000 CEOs in Unprecedented Commitment to Advance Diversity and Inclusion in the Workplace

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuidlingBetterTogether--Granite's (NYSE:GVA) board of directors has appointed three new directors and has elected Michael F. McNally as its new board chair. Mr. McNally has served on the board since 2016. The board also promoted Kyle T. Larkin to president and chief executive officer. At the conclusion of Granite's Annual Meeting of Shareholders held on June 2, 2021, former board chair, Claes G. Bjork, retired from the board. Louis E. Caldera, former United States Secretary of the

Granite Elects New Board Chair, Appoints Three New Directors, and Names Larkin as CEO

WATSONVILLE, Calif.--(BUSINESS WIRE)---- $GVA #BuildBetterTogether--Granite (NYSE:GVA) has received the 2021 Construction Risk Partners Build America Award in the Marvin M. Black Partnering Excellence category from Associated General Contractors of America (AGC) for the $133 million SR 99 CMGC Realignment Project in Fresno, California. It has also been nominated for the Construction Risk Partners Build America Grand Award. The Build America awards honor AGC members who build the nation's most impressive construction project

Granite Highway Realignment Project Wins 2021 Construction Risk Partners Build America Award

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WATSONVILLE, Calif.--(BUSINESS WIRE)-- #SafetyByChoice--Granite (NYSE:GVA) has joined the United Nations (UN) Global Compact, the world's largest corporate sustainability initiative, underscoring its focus on sustainability and environmental, social, and governance issues. With this commitment, Granite demonstrates its long-term support of the Sustainable Development Goals and the UN Global Compact principles. The UN Global Compact is a corporate initiative that encourages organizations to establish and define s

Granite Joins United Nations Global Compact, Furthers Sustainability Commitment

Granite Construction Incorporated (GVA) Q1 2021 Results - Earnings Call Transcript

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021. First Quarter 2021 Results Results for the first quarter of 2021 were a net loss of ($66.2) million, or ($1.45) per diluted share, compared to a net loss of ($65.4) million, or ($1.44) per diluted share, in the prior year. Adjusted net loss(2) for the first quarter of 2021, which excludes other costs(3), non-cash impairments of goodwill, Transac

Granite Reports First Quarter 2021 Results

Fluor

Installed Building Products

Martin Marietta Materials

Construction Partners

Vulcan Materials

The sector's Q1 results are likely to reflect a solid housing market. High labor/material costs and the COVID-19 pandemic might have been risks.

Construction Stock May 7 Q1 Earnings Lineup: IBP, FLR, GVA, ROAD

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #SafetyByChoice--Granite (NYSE:GVA) has been awarded the Leon Hurse Dam project in Ladonia, Texas by Upper Trinity Regional Water District. The $160 million contract award is anticipated to be included in Granite's second quarter backlog. The Leon Hurse Dam project is a component of the overall Lake Ralph Hall project which will be one of Texas' newest lakes and one of the state's biggest water projects in the last 30 years. The project will provide crucial water for an are

Granite Awarded $160 Million Dam Project in Texas

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite” or the “Company”) today announced that it entered into a stipulation and agreement of settlement (the “Settlement Agreement”) to settle the previously disclosed securities class action litigation filed in the United States District Court for the Northern District of California titled Police Retirement System of St. Louis v. Granite Construction Incorporated, et al., which was filed in August 2019. The

Granite Reaches Agreement to Settle Pending Class Action Lawsuits

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #SafetyByChoice--Granite (NYSE:GVA) has been awarded the Intermodal Ethanol Transfer Facility project by Eco-Energy Distribution in Stockton, California. The contract award is anticipated to be included in Granite's first quarter 2021 backlog. The project will establish a new rail yard on 17 acres in the Port of Stockton to accommodate 108 rail cars for the Eco-Energy Intermodal Ethanol Transfer Facility. The scope of work includes the construction of mechanical, electrical

News for Granite Construction Stock (GVA)