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)--Granite Construction Incorporated (NYSE: GVA) today provided a business update and second quarter 2020 preliminary select financial information.

Granite Provides Business Update and Second Quarter 2020 Preliminary Select Financial Information

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that the joint venture team Downtown Links Constructors, comprised of Granite and Borderland Construction, has been awarded a $26 million Construction Manager at Risk (CMAR) contract by the City of Tucson for the Downtown Links Phase III project in Tucson, Arizona.

Granite Joint Venture Awarded Tucson’s $26 Million Downtown Links Phase III Project

WATSONVILLE, Calif.--(BUSINESS WIRE)--Although the COVID-19 pandemic is the immediate crisis unfolding at the moment, mitigating climate change is also an urgent issue.

Granite Featured on 2020 Top Solar Contractors List

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced that it has been awarded a Construction Manager at Risk (CMAR) contract by the County of San Luis Obispo for the San Luis Obispo County Regional Airport Runway 11-29 Rehabilitation Project in San Luis Obispo, California. CMAR is a construction delivery method where the construction manager acts as an agent of the owner in both the design and construction phases to provide engineering, cost estimating and construction expertise

Granite Awarded CMAR Airport Project in Central California

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the Child Project 6 (CP6) portion of the Construction Manager/General Contractor (CM/GC) contract of the Cosumnes Bridge Replacement Project by the California Department of Transportation (Caltrans) in Sacramento County, California. This CM/GC contract is part of a phased seven-part delivery of the overall $167 million project. The $63 million project contract is included in Granite’s third quarter

Granite Awarded $63 Million Construction Manager/General Contractor Contract for Cosumnes Bridge Child Project 6 in California

LOS ANGELES--(BUSINESS WIRE)---- $GVA #classaction--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Granite Construction Incorporated (“Granite” or the “Company”) (NYSE: GVA) concerning whether the board breached its fiduciary duties to shareholders. If you are a shareholder, click here to participate. On July 29, 2019, after the market closed, the Company disclosed that second quarter 2019 financial results were negatively impacted by non-cash charges related to

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Granite Construction Incorporated Investors (GVA)

PHILADELPHIA, June 6, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Granite Construction Incorporated ("Granite" or the "Company") (NYSE: GVA) on behalf of the Company's stockholders. In February 2020, a securities fraud complaint was filed against Granite in...

Kaskela Law LLC Announces Investigation of Granite Construction Incorporated (GVA) and Encourages Long-Term GVA Stockholders to Contact the Firm

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Granite Construction's Scenario Analysis: Moving To A Buy Rating

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Granite Construction Incorporated (GVA) CEO Jim Roberts on Q3 2019 Results - Earnings Call Transcript

Issues relating to overruns at large civil projects continue to weigh on results.

Why Shares of Granite Construction Are Crumbling Today

Shares of Granite Construction Inc. GVA, -32.81% plunged 33% toward a 7-year low in morning trading, putting them on track for the biggest one-day selloff since the construction materials company went public in April 1990, after earnings missed expectations for a sixth-straight quarter.

Granite Construction's stock suffers record selloff after another earnings miss, downbeat outlook

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Construction Stock Q3 Earnings Due on Oct 25: WY, ROCK, GVA

Granite Construction (GVA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

Why Granite Construction (GVA) Might Surprise This Earnings Season

Director, President & CEO of Granite Construction Inc (30-Year Financial, Insider Trades) James Hildebrand Roberts (insider trades) bought 3,000 shares of GVA on 08/15/2019 at an average price of $26.85 a share.

Granite Construction Inc (GVA) Director, President & CEO James Hildebrand Roberts Bought $80,550 of Shares

Granite Construction Inc. (GVA) CEO James Roberts on Q2 2019 Results - Earnings Call Transcript

Granite Construction (GVA) delivered earnings and revenue surprises of 10.29% and -0.02%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Granite Construction (GVA) Reports Q2 Loss, Lags Revenue Estimates

Disputes related to large infrastructure projects will wipe out second-quarter profits.

Why Shares of Granite Construction Are Crumbling on Tuesday

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Granite Construction, Inc. (GVA) CEO Jim Roberts on Q1 2019 Results - Earnings Call Transcript

Granite Construction (GVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Granite Construction Stock (GVA)