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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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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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
Granite (NYSE:GVA), in partnership with Contri Construction Company, is pleased to announce the formation of Southern Nevada Construction Partners (SNCP), a joint venture. SNCP has been selected to deliver the preconstruction phase of the Paradise Hills Construction Manager at Risk (CMAR) Project for the Southern Nevada Water Authority (SNWA). This infrastructure initiative is a cornerstone of SNWA's Horizon Lateral Program, which is designed to enhance long-term water delivery, system reliability, and regional redundancy. The project includes the installation of approximately 22,000 linear feet of 120-inch steel water pipeline, featuring up to three trenchless crossings beneath critical
Granite (NYSE:GVA) has been selected by the Tahoe City Public Utility District (TCPUD) for the approximately $3 million preconstruction portion of the Tahoe Cedars Water Reconstruction Project under a Progressive Design-Build (PDB) contract. DOWL, LLC has been named the Designer-of-Record. Located in Tahoma, California, along the west shore of Lake Tahoe, this project represents Granite's first PDB contract in the state, marking a significant milestone for the company. "Our team is honored to be awarded the Tahoe Cedars PDB project and excited to deliver the first PDB project for Granite in California. We look forward to working with TCPUD and DOWL to deliver a project that significantly
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
Granite (NYSE:GVA) has been awarded a contract valued at approximately $21 million by Carson City, Nevada to enhance the city's transportation network. Project funding is to come from local funding and a Federal Highway Administration (FHWA) grant and will be included in Granite's second-quarter CAP. "Carson City is excited to partner with Granite to get construction underway on the 3rd of our major corridor complete streets projects," said Darren Anderson, City Engineer at the Carson City Public Works Department. "This project will upgrade the major gateway (East William Street) from the east to the downtown core of Carson City." The East William Complete Street Project will revitalize
Granite (NYSE:GVA) has been awarded an approximately $26 million contract by the San Francisco International Airport (SFO) to upgrade Taxiway Z and a portion of Taxiway S at SFO in San Francisco, California. Project funding is to come from SFO and will be included in Granite's second-quarter CAP. This project will rehabilitate the taxiways to ensure the continued safety and efficiency of aircraft operations. Taxiway Z serves as a primary corridor for aircraft movement between the terminals, airline maintenance, and cargo facilities. "We are excited to be part of this critical infrastructure project at SFO," said Brent Fogg, Granite Vice President of Regional Operations. "Our collaboration
Granite (NYSE:GVA) has been awarded a Federally funded $54 million contract to build the first of two construction phases under a Construction Manager/General Contractor (CMGC) contract with the Alaska Department of Transportation and Public Facilities (DOT & PF). This phase of the project involves the realignment of the Parks Highway from milepost 319 to 322, aimed to reduce sharp corners and improve traffic safety. Major work activities include 2.5 million cubic yards of onsite earthwork, 25,000 tons of asphalt paving, and implementation of a full traffic diversion. The project leverages all facets of Granite's equipment fleet, including a portable crusher and hot plant. The estimated co
Granite (NYSE:GVA) Executive Vice President and Chief Operating Officer (COO) James A. "Jim" Radich announced that he will retire on July 4, 2025. Granite will not fill the role with a successor and instead, Granite's Senior Vice Presidents of Construction (Brian R. Dowd, Michael G. Tatusko, and Bradley J. Williams) and Senior Vice President of Materials (Bradly J. Estes) will now report directly to Granite President and CEO Kyle Larkin. "Having joined Granite in 1980, Jim's numerous and meaningful contributions to Granite span decades," stated Larkin. "Jim's leadership has been instrumental as we transformed the company over the last four years, and we are all grateful for his service to
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
On Wednesday, April 30, Granite (NYSE:GVA) published its 2024 Sustainability Report, highlighting the company's efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance. "Our mission as a business is to provide infrastructure solutions that support more prosperous and resilient communities," said Granite President and Chief Executive Officer Kyle Larkin. "Sustainability is central to this mission. Our teams embrace sustainability as a core value and recognize that our leadership in sustainability supports the successful execution of our business strategies and drives value creation." Granite aligns its reporting with standard sust
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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
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
Granite Construction Incorporated (NYSE:GVA) will release financial results for the quarter ended September 30, 2024, before market opens on Thursday, October 31, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, October 31, 2024. 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 ava
Granite Construction Incorporated (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 October 15, 2024, to all shareholders of record at the close of business on September 30, 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 i
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