GVA
Granite Construction Incorporated116.65
+0.94+0.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.11BP/E (TTM)
31.87Basic EPS (TTM)
3.66Dividend Yield
0%Recent Filings
8-K
Board appoints new director
Granite Construction appointed J. Timothy Romer to its Board of Directors on September 8, 2025, adding him to the class serving until the 2028 annual meeting. He will join the Audit/Compliance and Risk Committees, meeting NYSE independence standards. Romer receives standard non-employee director compensation. No related arrangements or transactions disclosed.
10-Q
Q2 FY2025 results
Granite Construction's Q2 FY2025 10-Q filing lacks detailed financial statements, so key metrics like revenue, EPS, and cash flows remain undisclosed. Without primary data, year-over-year or quarter-over-quarter changes can't be assessed. The company maintains its large accelerated filer status with 43,786,156 common shares outstanding as of August 1, 2025. Liquidity and debt details are not provided in the visible sections. No M&A or regulatory events are mentioned. Competition from larger infrastructure players poses ongoing pressure.
8-K
Granite boosts Q2 earnings, guidance
Granite Construction reported Q2 2025 revenue of $1.13 billion, up 4% year-over-year, with net income jumping to $72 million and diluted EPS at $1.42, an 87% increase, fueled by strong project execution and higher materials volumes. Record committed projects hit $6.1 billion, up $324 million sequentially, while acquisitions of Warren Paving and Papich Construction bolster Southeast and California operations with key aggregate supplies. Updated 2025 guidance raises revenue to $4.35-$4.55 billion, including $150 million from deals, and adjusted EBITDA margin to 11.25%-12.25%. Acquisitions align with strategy but hinge on integration success.
8-K
Granite acquires paving firms for $540M
Granite Construction acquired Slats Lucas and Warren Paving for $540 million on August 5, 2025, funded by a $600 million term loan under a refinanced credit facility maturing in 2030. The deal bolsters Granite's Southeast operations, adding paving expertise while leveraging a $600 million revolver for liquidity. Debt covenants tighten leverage to 3.75x, yet the acquisition aligns with Granite's growth strategy.
8-K
COO Radich retires, consults
Granite Construction's Executive Vice President and COO James Radich retired on July 4, 2025, triggering a severance package with accrued pay, prorated incentives from annual and long-term plans, and 18 months of COBRA coverage. He signed on as a consultant through October 31, 2025, at $250 per hour to aid management transition and project oversight. Smooth handover eases operations, yet leadership gaps linger.
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