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.

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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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Onto Innovation

Chip stock Onto Innovation is at a new high ahead of earnings. Also reaching a new high ahead of earnings is heavy equipment stock Granite Construction.

New Highs For This Chip Stock May Be Just The Beginning

Granite Construction Incorporated (NYSE:GVA ) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Mike Barker - Vice President, Investor Relations Kyle Larkin - President and Chief Executive Officer Lisa Curtis - Executive Vice President and Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Operator Good morning.

Granite Construction Incorporated (GVA) Q1 2024 Earnings Call Transcript

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended March 31, 2024. First Quarter 2024 Results Net loss attributable to Granite Construction Incorporated totaled $31 million, or $(0.70) per diluted share, compared to net loss attributable to Granite Construction Incorporated of $23 million, or $(0.53) per diluted share, for the same period in the prior year. Adjusted net loss attributable to Granite Construction Incor.

Granite Reports First Quarter 2024 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--On May 1, 2024 Granite (NYSE:GVA) published its 2023 Sustainability Report, highlighting the company's efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance. “At Granite, our mission is to provide infrastructure solutions that support more prosperous and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin. “We don't just recognize our responsibility to contribu.

Granite Publishes Annual Sustainability Report

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a subcontract worth approximately $31 million by prime contractor Skanska USA, to work on Washington State Department of Transportation (WSDOT) and Sound Transit's highway project to provide roadway improvements along a four-and-a-half-mile corridor on Interstate 405 (I-405) in Bothell, WA. The project will be included in Granite's first-quarter CAP. Key features of the project include increased express toll lane (ETL) ca.

Granite to Help Construct Major Enhancements to I-405/Brickyard to SR 527 Corridor Project in Bothell, WA

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that District Vice President Ian Firth has been appointed to the National Asphalt Pavement Association's (NAPA) Advisory Council West Region as an at large member. NAPA is the only national trade association representing the asphalt industry and works to advance the asphalt pavement industry through leadership, training, and advocacy. This includes supporting member companies on issues including engineering, health and saf.

Granite VP Joins NAPA Advisory Council

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA), has been recognized as a 4-Star Employer in the 2024 VETS Indexes Employer Awards in just its second year as a participant. This award acknowledges the company's dedication to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community. “Granite has shown a commitment to recruiting veteran and military-connected employees, and then fostering their growth and development into leaders,” said Geor.

Granite Construction Honored as a 2024 VETS Indexes 4-Star Employer

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) continues to shine in talent engagement. For the fourth consecutive year, the company has secured Handshake's Early Talent Award (ETA). This annual award celebrates the best employers for people starting their careers, and Granite is one of a select group in its industry to be recognized (out of 900,000+ employers using Handshake). The ETAs are awarded to employers that demonstrate brand resonance, engage effectively (measured by unique c.

Granite Earns its Fourth Consecutive Early Talent Award from Handshake

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Showing demand from top funds goes beyond Nvidia and other AI leaders, Granite Construction builds on its latest breakout.

Rock-Solid Demand Goes Beyond AI Stocks Like Nvidia. Here's Proof.

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has received a total of 97 awards and commendations from the National Asphalt Pavement Association (NAPA), recognizing the company's plant operations, paving operations, and adherence to best practices across the following seven states: Alaska, Arizona, California, Mississippi, Nevada, Utah, and Washington state. Within this list of recognition, newly acquired Lehman-Roberts received five awards. The following awards were presented at NAP.

NAPA Recognizes Granite Construction With 97 Awards and Commendations

Granite Construction Incorporated (NYSE:GVA) Q4 2023 Earnings Conference Call February 22, 2023 11:00 AM ET

Granite Construction Incorporated (GVA) Q4 2023 Earnings Call Transcript

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Results Net income totaled $26 million, or $0.55 per diluted share, compared to net income of $22 million, or $0.46 per diluted share, for the same period in the prior year. Adjusted net income (1) totaled $36 million, or $0.82 per diluted share, compared to adjusted net income (1) of $25 million, or $0.56 per diluted s.

Granite Reports Fourth Quarter and FY 2023 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) successfully finished preconstruction services and, on February 1, 2024, was awarded the final $112 million construction option for the Polychrome Area Improvements Construction Manager/General Contractor (CM/GC) project by the Federal Highway Administration (FHWA) in Denali National Park, Alaska. This last construction award completes the scope of work the National Park Service (NPS) has planned for the project. The combined value of all.

Granite Awarded Final Construction Option in Denali National Park

Granite (GVA) accelerates growth with a $55M Tucson contract, reinforcing regional infrastructure dominance.

Granite (GVA) Wins $55M Grant Road Expansion Contract in Tucson

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a contract worth approximately $55 million by the City of Tucson to widen Grant Road from Palo Verde to Venice. Project funding will come from the Regional Transportation Authority and is expected to be included in Granite's first quarter CAP. The project involves widening Grant Road to provide six through lanes and a median with left turn lane pockets. It also includes new curbs, sidewalks, landscaping, traffic signals,.

Granite's Grant Road Widening Project Aims to Improve Traffic Flow and Safety in Tucson

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced the successful completion of its first fully automated aggregate plant in Tucson, Arizona, marking a milestone in the company's commitment to technological advancement and sustainable production practices. Construction of the Swan Facility commenced in May 2023 and represents Granite's dedication to leveraging technology to improve operations and overcome workforce challenges. By incorporating automation, Granite can produce agg.

Granite Unveils State-of-the-Art Aggregate Plant

Granite Construction (GVA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Granite Construction (GVA) Upgraded to Strong Buy: Here's Why

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Granite Construction's strategic plan is to deliver higher margins and increased profitability. Because of its size, vertical integration, and other factors, it has several competitive advantages. GVA's growth prospects are strong, supported by ongoing reductions in inflation and increased demand for construction and infrastructure projects.

Granite Construction: Expect Higher Margins And Tailwinds To Spur Stock

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WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been listed by Newsweek as one of America's Most Responsible Companies in 2024. This recognition is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on December 6th, 2023. Granite ranked 56th overall out of 600 companies that were identified as America's Most Responsible Companies, and fifth in its industry. The initial analysis focused on the top.

Granite Recognized as One of Newsweek's America's Most Responsible Companies

Granite Construction (GVA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Granite Construction (GVA) Shows Fast-paced Momentum But Is Still a Bargain Stock

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News for Granite Construction Stock (GVA)