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Granite (NYSE: GVA) announced it has been awarded a contract valued at approximately $39 million by the U.S. Army Corps of Engineers (USACE) for the construction of Reach 6 of the Pajaro River Flood Risk Management Project, a transformative initiative led and funded by USACE. The award will be reflected in Granite's third quarter CAP. Reach 6 is the first of five planned reaches and involves construction along Corralitos Creek, a tributary of the Pajaro River Levee System in the City of Watsonville, County of Santa Cruz. Designed to reduce flood risk for thousands of residents and businesses historically vulnerable to severe flood events, Reach 6 sets the tone for the broader effort, comb
Granite (NYSE:GVA) has secured the No. 1 ranking in Highways on Engineering News-Record (ENR) magazine's 2025 Top Contractors List for the fifth consecutive year. ENR, a leading trade publication in the construction industry, evaluates the largest public and private companies across major market sectors, highlighting the top performers in each category. This continued recognition underscores Granite's leadership and excellence in the highways sector. ENR ranks the largest U.S.-based public and private companies in major market sectors and is widely regarded as the industry's leading trade publication. "It's an honor to be recognized by ENR as the nation's leading highway contractor and am
Granite (NYSE:GVA) is proud to announce that the National Stone, Sand & Gravel Association (NSSGA) has recognized Granite with the Louis Griesemer Sterling Safety Award in Silver, and a total of 10 Awards of Excellence in the categories of Community Relations and Environmental Excellence. This esteemed recognition was conferred during the NSSGA Legislative & Policy Forum, held in Washington DC on September 17, 2025. "It is with great honor that Granite accepts The Louis Griesemer Sterling Safety Award, which is a testament to the steadfast commitment of NSSGA member companies who prioritize the safety and well-being of their employees," said Granite Senior Vice of Construction Materials,
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) announced today the appointment of J. Timothy Romer to its Board of Directors, effective September 8, 2025. With nearly four decades of experience in finance and infrastructure, Mr. Romer brings a wealth of expertise to support Granite's strategic growth initiatives. Mr. Romer's distinguished career includes leadership roles at top-tier financial institutions. Mr. Romer spent 30 years in senior roles at Goldman Sachs and Merrill Lynch, leading the Western Region Public Sector and Infrastructure Investment Banking groups, respectively. He later worked as a partner with Foundation Credit, where he was instrumental in launching the firm's infrastructure debt strategy focus
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
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 October 15, 2025, to all shareholders of record at the close of business on September 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-wi
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
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