Earnings summaries and quarterly performance for GRANITE CONSTRUCTION.
Executive leadership at GRANITE CONSTRUCTION.
Kyle T. Larkin
Detailed
Chief Executive Officer
CEO
BR
Brian R. Dowd
Detailed
Senior Vice President, Construction
MC
M. Craig Hall
Detailed
Executive Vice President, Chief Legal Officer and Secretary
MG
Michael G. Tatusko
Detailed
Senior Vice President, Construction
SM
Staci M. Woolsey
Detailed
Chief Financial Officer
Board of directors at GRANITE CONSTRUCTION.
Research analysts who have asked questions during GRANITE CONSTRUCTION earnings calls.
Michael Dudas
Vertical Research Partners
11 questions for GVA
Also covers: AA, ACM, ARCH +16 more
Brent Thielman
D.A. Davidson
10 questions for GVA
Also covers: AAON, ACA, APOG +27 more
BB
Brian Biros
Stephens Inc.
6 questions for GVA
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Steven Ramsey
Thompson Research Group
5 questions for GVA
Also covers: ALTG, AMWD, ASTE +15 more
AB
Adam Bubes
Goldman Sachs Group, Inc.
2 questions for GVA
Also covers: ACM, CAMP, CLH +9 more
JR
Jerry Revich
Goldman Sachs Group Inc.
2 questions for GVA
Also covers: AGCO, ALSN, ATMU +28 more
KG
Kevin Gainey
Thompson, Davis & Company, Inc.
2 questions for GVA
Also covers: GLDD, GXO, NOA +3 more
AB
Adam Bubis
Goldman Sachs Group, Inc.
1 question for GVA
Also covers: RSG
JP
Jean Paul Ramirez
D.A. Davidson & Co.
1 question for GVA
Also covers: BBCP, DY, KNF +5 more
Recent press releases and 8-K filings for GVA.
Granite Construction Reports Strong Full-Year 2025 Results and Provides 2026 Guidance
GVA
Earnings
Guidance Update
M&A
- Granite Construction reported strong full-year 2025 financial results, with revenue increasing 10% to $4.4 billion, gross profit up 24% to $711 million, and Adjusted EBITDA growing 31% to $527 million, achieving an 11.9% Adjusted EBITDA margin.
- The company ended 2025 with a record $7 billion in Committed and Awarded Projects (CAP), reflecting a $632 million sequential increase in Q4, with 48% of CAP attributed to Best Value work.
- The materials segment saw significant improvement, with cash gross profit margin increasing to 26% in 2025 from 19% in 2023, and aggregate reserves and resources growing 34% year-over-year to 2.1 billion tons due to strategic investments and acquisitions like Warren Paving, Papich Construction, and Cinderlite.
- For 2026, Granite provided guidance expecting revenue between $4.9 billion and $5.1 billion and an Adjusted EBITDA margin of 12% to 13% of revenue, with planned capital expenditures of $140 million to $160 million, including $50 million for strategic materials investments.
Feb 12, 2026, 4:00 PM
Granite Construction Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
GVA
Earnings
Guidance Update
M&A
- Granite Construction reported Q4 2025 revenue of $1,165 M, a 19% year-over-year increase, and FY 2025 revenue of $4,424 M, up 10% year-over-year, driven by organic growth and acquisitions.
- The company achieved a record Committed and Awarded Projects (CAP) of $7.0 B at year-end 2025, reflecting a 32% year-over-year increase, with expectations for continued CAP growth in 2026.
- For 2026, Granite Construction projects revenue between $4.9 B and $5.1 B and an Adjusted EBITDA Margin of 12%-13%.
- Strategic investments include $50 M in Materials strategic Capex expected in 2026 and the completion of three margin-accretive acquisitions in 2025, with plans for several more in 2026.
Feb 12, 2026, 4:00 PM
Granite Construction Reports Strong FY 2025 Results and Provides Optimistic 2026 Guidance
GVA
Earnings
Guidance Update
M&A
- Granite Construction reported robust financial performance for fiscal year 2025, with revenue up 10% to $4.4 billion and Adjusted EBITDA increasing 31% to $527 million, achieving an 11.9% margin.
- The company achieved a record $7 billion in Construction Awarded Projects (CAP) by year-end 2025, alongside significant margin expansion, with the construction segment gross profit margin reaching 15.7% and materials segment cash gross profit improving to 26%.
- Strategic acquisitions in 2025, including Warren Paving, Papich Construction, and Cinderlite, led to a 34% year-over-year increase in aggregate reserves and resources to 2.1 billion tons.
- For 2026, Granite forecasts revenue between $4.9 billion and $5.1 billion and an Adjusted EBITDA margin of 12% to 13%, with planned CapEx of $140 million to $160 million, including $50 million for strategic materials investments.
- The company remains on track to meet its 2027 financial targets, driven by favorable market conditions, a high-quality project portfolio, and continued strategic growth initiatives.
Feb 12, 2026, 4:00 PM
Granite Construction Reports Strong FY 2025 Results and Provides 2026 Guidance
GVA
Earnings
Guidance Update
M&A
- Granite Construction reported strong financial results for fiscal year 2025, with revenue increasing 10% to $4.4 billion, gross profit up 24% to $711 million, and Adjusted EBITDA growing 31% to $527 million. The Adjusted EBITDA margin improved to 11.9% from 10% in 2024.
- The company achieved a record $7 billion Construction Aggregate Portfolio (CAP) by year-end 2025, with 48% of it being Best Value work. Construction segment gross profit margin improved to 15.7% in 2025, and materials segment cash gross profit margin reached 26%.
- For 2026, Granite expects revenue in the range of $4.9 billion-$5.1 billion and an Adjusted EBITDA margin of 12%-13% of revenue. The company invested $778 million in acquisitions in 2025 and plans to complete several more strategic acquisitions in 2026.
Feb 12, 2026, 4:00 PM
Granite Construction Reports Strong FY 2025 Performance and Outlines 2026 Guidance and Strategic Focus
GVA
Earnings
Guidance Update
M&A
- Granite Construction reported strong FY 2025 results, with Total Revenue of $4,424 million (+10% YOY), Adjusted Net Income of $276 million (+29% YOY), and Adjusted Diluted EPS of $6.07 (+26% YOY).
- The company provided 2026 guidance including Revenue of $4.9 billion to $5.1 billion and an Adjusted EBITDA Margin of 12% to 13%.
- Granite achieved a record $7 billion in Committed and Awarded Projects (CAP) at year-end 2025, marking a 32% year-over-year increase.
- The Materials segment demonstrated significant growth in FY 2025, with revenue increasing 30% year-over-year to $769 million, and the company expects to invest $50 million in strategic Capex in this segment in 2026.
- Granite completed 3 margin-accretive acquisitions in 2025 and anticipates further acquisitions in 2026 as a major growth component.
Feb 12, 2026, 12:00 PM
Granite (GVA) Announces Strong Q4 and Fiscal Year 2025 Results and Provides 2026 Outlook
GVA
Earnings
Guidance Update
New Projects/Investments
- Granite (GVA) reported a 19% year-over-year increase in Q4 2025 revenue to $1.2 billion and a 10% increase in fiscal year 2025 revenue to $4.4 billion.
- For fiscal year 2025, net income increased 53% year-over-year to $193 million, and adjusted diluted EPS rose 26% year-over-year to $6.07.
- The company achieved a new record for Committed and Awarded Projects (CAP), increasing 32% year-over-year to $7.0 billion as of December 31, 2025.
- Granite provided 2026 guidance, projecting revenue between $4.9 billion and $5.1 billion and an adjusted EBITDA margin of 12.0% to 13.0%.
Feb 12, 2026, 11:45 AM
Granite Reports Strong Q4 and Fiscal Year 2025 Results, Provides 2026 Guidance
GVA
Earnings
Guidance Update
New Projects/Investments
- Granite (GVA) reported Q4 2025 revenue of $1.2 billion, a 19% year-over-year increase, and adjusted diluted EPS of $1.40, up 14% year-over-year.
- For fiscal year 2025, revenue grew 10% year-over-year to $4.4 billion, with adjusted diluted EPS reaching $6.07, a 26% year-over-year increase.
- Committed and Awarded Projects (CAP) reached a record $7.0 billion as of December 31, 2025, marking a 32% year-over-year increase.
- The company issued 2026 guidance, forecasting revenue between $4.9 billion and $5.1 billion and an adjusted EBITDA margin of 12.0% to 13.0%.
Feb 12, 2026, 11:45 AM
Granite Construction Secures $223 Million in New Public Infrastructure Contracts
GVA
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Granite Construction secured two major public-infrastructure contracts: a $157 million 22nd Street widening and bridge replacement in Tucson and a roughly $66 million Caltrans award for State Route 49 widening.
- These contracts, which highlight Granite's vertically integrated construction-and-materials model, are slated for inclusion in the fourth-quarter 2025 Capital Allocation Plan and are expected to boost booking momentum and backlog, improving revenue visibility and stock performance.
- The company's Committed and Awarded Projects (CAP) reached a record $6.3 billion as of Sept. 30, 2025, an increase from $5.6 billion a year earlier.
- Granite has shown strong earnings expansion with a 3-year earnings growth of 53.6%, alongside a 3-year revenue growth of 1.2%.
Jan 14, 2026, 9:41 PM
Granite (GVA) announces strong Q3 2025 results and updated 2025 guidance
GVA
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Granite (GVA) reported strong Q3 2025 financial results, with Total Revenue of $1,433 million, a 12% year-over-year increase, and Adjusted Diluted EPS of $2.70, up $0.65 year-over-year.
- The company's Adjusted EBITDA reached $216 million, with an Adjusted EBITDA Margin of 15.0%, reflecting a 330 basis point improvement year-over-year.
- The Construction segment's Construction Awarded Projects (CAP) increased $273 million sequentially to a new record of $6.3 billion, supported by a robust public market bidding environment.
- The Materials segment's revenue increased by $76 million year-over-year, driven by higher sales volumes and prices in both aggregates and asphalt, and recent acquisitions.
- Granite provided updated 2025 guidance, projecting Revenue between $4.35 billion and $4.45 billion and an Adjusted EBITDA Margin of 11.5%-12.5%.
Nov 6, 2025, 4:00 PM
Granite Construction Reports Strong Q3 2025 Results and Raises Full-Year EBITDA Margin Guidance
GVA
Earnings
Guidance Update
M&A
- Granite Construction reported a strong third quarter of 2025, with revenue increasing by 12% and adjusted EBITDA improving by 45%.
- The company revised its full-year 2025 revenue target to a range of $4.35 billion-$4.45 billion and increased its adjusted EBITDA margin guidance to 11.5%-12.5%.
- Strategic acquisitions, including Cindolite and Warren Paving, significantly bolstered the materials segment, contributing to an increase in material segment cash gross profit margin from 18% in fiscal year 2022 to 29% through the first nine months of 2025.
- Committed and Awarded Projects (CAP) reached a new record high of $6.3 billion, and the company expects an 8% organic growth rate in Q4 2025 and into 2026.
- Operating cash flow through the first nine months of 2025 was $290 million, with expectations to surpass the annual target of 9% of revenue.
Nov 6, 2025, 4:00 PM
Quarterly earnings call transcripts for GRANITE CONSTRUCTION.
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