Granite Construction Incorporated Stock News

Granite Construction Incorporated (GVA) Q2 2025 Earnings Call Transcript

Granite (GVA) Q2 EPS Jumps 27%

WATSONVILLE, Calif.--(BUSINESS WIRE)--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, for the same period in the prior year. Adjusted n...

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced that it has completed two acquisitions that strengthen its vertically-integrated home markets for a combined purchase price of $710 million, subject to customary closing adjustments. Together, the acquisitions are expected to contribute approximately $425 million in revenue annually with an expected adjusted EBITDA margin...

WATSONVILLE, Calif.--(BUSINESS WIRE)--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...

WATSONVILLE, Calif.--(BUSINESS WIRE)--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...

WATSONVILLE, Calif.--(BUSINESS WIRE)--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...

WATSONVILLE, Calif.--(BUSINESS WIRE)--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-1...