Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe and storm water rehabilitation services. The Specialty segment constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, and power projects; and undertakes bid-build, design-build, and construction management/general contractor contracts. The Materials segment focuses on production of aggregates, asphalt, and construction related materials, as well as sanitary and storm water rehabilitation products, such as cured-in-place pipe felt and fiberglass-based lining tubes. The company also engages in the construction of streets, highways, mass transit facilities, trenchless and underground utilities, well drilling, dams, and other infrastructure-related projects. In addition, it performs 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. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.
IPO Year:
Exchange: NYSE
Website: graniteconstruction.com
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Granite (NYSE:GVA) today announced that its wholly owned subsidiary, Layne, A Granite Company, has been awarded an approximately $13 million contract by the Lewis and Clark Regional Water System (LCRWS) to construct two high-capacity horizontal collector wells within an existing wellfield adjacent to the Missouri River near Vermillion, South Dakota. The project is funded by federal and member sources and will be included in Granite's third quarter CAP. "This project exemplifies the breadth of our water supply construction capabilities, showcasing our expertise in delivering high-capacity water supply solutions in both groundwater and surface water environments," said Granite Vice Presiden
2025 guidance raised to reflect acquisitions of Warren Paving and Papich Construction businesses Record Committed and Awarded Projects ("CAP") (1) increased sequentially $324 million to $6.1 billion Q2 revenue increased 4% year-over-year to $1.13 billion Q2 diluted EPS increased 87% year-over-year to $1.42 and adjusted diluted EPS (2) increased 12% year-over-year to $1.93 Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter ended June 30, 2025. Second Quarter 2025 Results Net income attributable to Granite totaled $72 million, or $1.42 per diluted share, compared to net income attributable to Granite of $37 million, or $0.76 per diluted share
Acquisitions strengthen and expand Granite's vertically-integrated home markets with the addition of aggregates quarries, asphalt plants and paving and civil construction operations Acquisitions increase Granite's aggregate reserves and resources by approximately 30% with the addition of more than 440 million tons and increase annual aggregate production by approximately 27% with the addition of over 5 million tons Warren Paving, a leading aggregates producer with an extensive barge network on the Mississippi River system, enhances Granite's Southeastern home market in Mississippi and the Gulf Coast regions of Louisiana and Alabama Papich Construction augments Granite's position i
Granite (NYSE:GVA) today announced that it has secured the second and third work packages, valued at approximately $160 million and $70 million, respectively, under a $230 million Construction Manager at Risk (CMAR) contract for the Garnet Valley Wastewater System project. Awarded by the Southern Nevada Water Authority (SNWA), this contract represents a key component of a broader $900 million infrastructure initiative in the Apex Industrial Park, developed in partnership with the City of North Las Vegas. These awards were reflected in Granite's 2024 fourth quarter CAP. "Granite is well-positioned to deliver a successful project based on its nearly 30-year history in Las Vegas and its vast
Granite (NYSE:GVA) will release financial results for the quarter ended June 30, 2025, before market opens on Thursday, August 7, 2025. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, August 7, 2025. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Granite's Investor Relations website approximately one hour after the call. A replay will be available after the live call through
Granite (NYSE:GVA) announced that its joint venture with Obayashi Corporation has received a federally funded $158 million task order from the Naval Facilities Engineering Command (NAVFAC). The project, issued under the Facilities and Infrastructure Multiple Award Construction Contract (F&I MACC), involves the construction of the Missile Defense Agency (MDA) P694-2 PDI: Guam Defense System, Enhanced Integrated Air and Missile Defense (EIAMD), Phase 1, in South Finegayan. The award will be reflected in Granite's third-quarter CAP. The scope of work includes: 60,000 linear feet of underground ductbank 110,000 cubic yards of mass earthwork 11,000 linear feet of water main 7,400 c
Granite (NYSE:GVA) has been awarded a $17 million contract by the Utah Department of Transportation (UDOT) for a bridge replacement project in Riverdale, Utah. Project funding is to come from State and Federal sources, and will be included in Granite's second quarter CAP. This project involves the replacement of the 4400 South bridge over Interstate 15 (I-15) and two Interstate 84 (I-84) bridges over 4400 South, originally constructed in the 1960s and now nearing the end of their service lives. The project area includes residential, commercial, and public properties between the cities of Roy and Riverdale. "To minimize traffic disruptions, the two I-84 bridges will be constructed adjace
Granite (NYSE:GVA) announced it has been awarded a $111 million contract by the Utah Department of Transportation (UDOT) for a major infrastructure project in Salt Lake City. Project funding is to come from UDOT and Federal sources and will be included in Granite's second quarter CAP. The Interstate 215 (I-215); State Route 201 (SR-201) to North Temple project spans from milepost 19.53 to 22.8 and includes the rehabilitation of 3 miles of I-215, and 12 miles of ramps for SR-201, Interstate 80 (I-80), and California Avenue, along with the rehabilitation of 22 bridges. "This project is multifaceted, encompassing a diverse array of components that span strategic planning, creative developm
Granite (NYSE:GVA) announced its Construction Manager/General Contractor (CM/GC) project with San Francisco International Airport (SFO) for the Runway 1R-19L Rehabilitation and Taxiway W Construction Project. This project is a key component of SFO's Capital Improvement Program (CIP), a multi-billion-dollar initiative to modernize and improve the airport's infrastructure, including runways, taxiways, and terminals. Project Timeline: Preconstruction: June 2025 through January 2026 Major Construction: March 2026 through November 2026 The project will rehabilitate Runway 1R-19L and construct Taxiway W between Taxiway A and Taxiway L. It includes upgrades to the hot mix asphalt paveme
Granite (NYSE:GVA) is proud to announce its continued collaboration with the Southern Nevada Water Authority (SNWA) and Contri Construction Company through the award of the Rice Pumping Station & Pipeline Project—part of the Horizon Lateral Program. In partnership with Contri, Granite operates under the Southern Nevada Construction Partners (SNCP), a joint venture. The Horizon Lateral Program is a strategic initiative designed to enhance system reliability, redundancy, and long-term water delivery capabilities to SNWA facilities, serving the Las Vegas Valley Water District and the City of Henderson. The program is being delivered through a staged design and construction approach, with the
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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 safety, workforce development, and more. The Advisory Council is charged with enhancing advocacy for the asphalt industry and supporting the active engagement of all the member companies. The regional structure of the council ensures repre
Acquisition expands Granite's footprint and creates a new platform for growth in the attractive greater Memphis metropolitan market Revising 2024 financial targets to reflect the acquisition Granite Construction Incorporated (NYSE:GVA) today announced the acquisition of Lehman-Roberts Company ("LRC") and Memphis Stone & Gravel Company ("MSG"), longstanding asphalt paving and asphalt and aggregates producers and suppliers. This acquisition expands Granite's footprint and creates a new growth platform for Granite in the attractive Memphis metropolitan market. LRC operates seven strategically located asphalt plants serving the greater Memphis area and northern Mississippi. MSG operates
WATSONVILLE, Calif.--(BUSINESS WIRE)--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 Army, Laurie M. Mullen, retired partner at KPMG LLP, and Kyle T. Larkin have joined Granite’s board of directors, effective Thursday, June 3, 2021. These appointments and retirement will i
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced three top executive appointments to expand profitable growth, drive innovation to transform its business, and strengthen its culture: Jigisha Desai is chief strategy officer, Lisa Curtis is chief financial officer, and Tim Gruber is senior vice president, human resources. “Granite has begun to transform its business and culture which includes reshaping our strategy to expand profitable growth and create value. With the appointment of these three leaders, we are taking steps to clearly define our strategic path and to capitalize on technology and innovation in the infrastructure and materials markets while making sur
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DA Davidson upgraded Granite Constr from Neutral to Buy and set a new price target of $55.00 from $35.00 previously
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2025 guidance raised to reflect acquisitions of Warren Paving and Papich Construction businesses Record Committed and Awarded Projects ("CAP") (1) increased sequentially $324 million to $6.1 billion Q2 revenue increased 4% year-over-year to $1.13 billion Q2 diluted EPS increased 87% year-over-year to $1.42 and adjusted diluted EPS (2) increased 12% year-over-year to $1.93 Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter ended June 30, 2025. Second Quarter 2025 Results Net income attributable to Granite totaled $72 million, or $1.42 per diluted share, compared to net income attributable to Granite of $37 million, or $0.76 per diluted share
Granite (NYSE:GVA) will release financial results for the quarter ended June 30, 2025, before market opens on Thursday, August 7, 2025. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, August 7, 2025. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Granite's Investor Relations website approximately one hour after the call. A replay will be available after the live call through
Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 15, 2025, to all shareholders of record at the close of business on June 30, 2025. About Granite Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite's Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning fi
Q1 revenue increased 4% year-over-year to $700 million Q1 diluted EPS of $(0.77) and adjusted diluted EPS (1) of $0.01 Q1 operating cash flow of $4 million Committed and Awarded Projects ("CAP") (2) increased sequentially $444 million to $5.7 billion Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter ended March 31, 2025. First Quarter 2025 Results Net loss attributable to Granite Construction Incorporated totaled $34 million, or $(0.77) per diluted share, compared to net loss attributable to Granite Construction Incorporated of $31 million, or $(0.70) per diluted share, for the same period in the prior year. Adjusted net income attributable to G
Granite Construction Incorporated (NYSE:GVA) will release financial results for the quarter ended March 31, 2025, before the market opens on Thursday, May 1, 2025. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, May 1, 2025. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Granite's Investor Relations website approximately one hour after the call. A replay will be available aft
Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on April 15, 2025, to all shareholders of record at the close of business on March 31, 2025. About Granite Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite's Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning fi
Q4 revenue increased 5% year-over-year to $977 million, and fiscal year revenue increased 14% year-over-year to $4.0 billion Q4 diluted EPS of $0.84 and adjusted diluted EPS (1) of $1.23, and fiscal year diluted EPS of $2.62 and adjusted diluted EPS (1) of $4.82 Fiscal year operating cash flow of $456 million, or 11.4% of revenue Committed and Awarded Projects ("CAP") (2) of $5.3 billion Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Results Net income totaled $41 million, or $0.84 per diluted share, compared to net income of $26 million, or $0.55 per diluted share, for the same peri
Granite Construction Incorporated (NYSE:GVA) will release financial results for the quarter ended December 31, 2024, before market opens on Thursday, February 13, 2025. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, February 13, 2025. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Granite's Investor Relations website approximately one hour after the call. A replay will be a
Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 15, 2025, to all shareholders of record at the close of business on December 31, 2024. About Granite Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite's Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-win
Q3 revenue increased 14% year-over-year to $1.3 billion Q3 diluted EPS of $1.57 and adjusted diluted EPS (1) of $2.05, compared to $1.13 and $1.72 in the prior year, respectively Record Committed and Awarded Projects ("CAP") (2) of $5.6 billion, a sequential increase of $44 million Year-to-date operating cash flow increased $249 million year-over-year Expanded southeast home market with acquisition of Dickerson & Bowen, Inc. Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Results Net income attributable to Granite Construction Incorporated totaled $79 million, or $1.57 per diluted share, compared