Granite Construction Incorporated

GVA

US3873281071

Construction & Engineering

Market Closed - Nyse Other stock markets 04:00:02 2024-05-17 pm EDT			5-day change	1st Jan Change
62.21 ^USD	+1.01%		-0.21%	+22.32%

May. 16	As You Sow Files an Exempt Solicitation Statement with Securities and Exchange Commission	CI
May. 14	Granite Construction Names Successor to Chief Financial Officer	MT

Granite Construction Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2024

May 02, 2024 at 06:45 am EDT

Granite Construction Incorporated reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 595.21 million compared to USD 503.42 million a year ago. Revenue was USD 672.28 million compared to USD 560.07 million a year ago.

Net loss was USD 30.98 million compared to USD 23.02 million a year ago. Basic loss per share from continuing operations was USD 0.7 compared to USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 0.7 compared to USD 0.53 a year ago.

Latest news about Granite Construction Incorporated

As You Sow Files an Exempt Solicitation Statement with Securities and Exchange Commission	May. 16	CI
Granite Construction Names Successor to Chief Financial Officer	May. 14	MT
Granite Construction Incorporated Announces Chief Financial Officer Changes, Effective September 16, 2024	May. 14	CI
Granite Construction Incorporated Secures Contract for Infrastructure Project Near Ontario International Airport	May. 09	CI
Granite Announces the Opening of its New Office in Ontario, California	May. 07	CI
Granite Construction Shares Rise After Q1 Beat	May. 02	MT
Transcript : Granite Construction Incorporated, Q1 2024 Earnings Call, May 02, 2024	May. 02
Earnings Flash (GVA) GRANITE CONSTRUCTION INCORPORATED Reports Q1 Revenue $672.3M, vs. Street Est of $666.5M	May. 02	MT
Granite Construction Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 02	CI
Granite to Help Construct Major Enhancements to I-405/Brickyard to SR 527 Corridor Project in Bothell, WA	Apr. 30	CI
The Woodcock Foundation Submits a Shareholder Proposal to Granite Construction Incorporated	Apr. 25	CI
Goldman Sachs Adjusts Price Target on Granite Construction to $50 From $44, Maintains Sell Rating	Apr. 16	MT
Granite Construction Keeps Quarterly Dividend of $0.13 a Share, Payable April 15 to Shareholders as of March 28	Mar. 13	MT
Granite Declares Quarterly Dividend, Payable on April 15, 2024	Mar. 12	CI
DA Davidson Raises Price Target on Granite Construction to $64 From $60, Maintains Buy Rating	Feb. 27	MT
Granite Construction Seeks Acquisitions	Feb. 22	CI
Transcript : Granite Construction Incorporated, Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22
Granite Construction's Q4 Adjusted Earnings, Revenue Advance; Sets 2024 Revenue Outlook -- Shares Drop Pre-Bell	Feb. 22	MT
Earnings Flash (GVA) GRANITE CONSTRUCTION INCORPORATED Posts Q4 Revenue $933.7M, vs. Street Est of $838.9M	Feb. 22	MT
Earnings Flash (GVA) GRANITE CONSTRUCTION INCORPORATED Posts Q4 EPS $0.82, vs. Street Est of $0.89	Feb. 22	MT
Granite Construction Incorporated Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 22	CI
Granite Construction Incorporated Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 22	CI
Granite Wins Final Construction Option in Denali National Park	Feb. 13	CI
Granite Construction Wins $55 Million Contract From City of Tucson	Jan. 31	MT
Granite's Grant Road Widening Project Aims to Improve Traffic Flow and Safety in Tucson	Jan. 31	CI

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Company Profile

Granite Construction Incorporated is a diversified construction and construction materials company. The Company operates through two segments: Construction and Materials. The Construction segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides construction of various complex projects including infrastructure and site development, mining, public safety, tunnel, solar, battery storage and other power-related projects. The Materials segment focuses on production of aggregates, asphalt concrete, liquid asphalt and recycled materials for internal use in its construction projects and for sale to third parties.

Sector

Construction & Engineering

Calendar

2024-06-05 - Annual General Meeting

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Russell 2000

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Ratings for Granite Construction Incorporated

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

62.21 USD

Average target price

64 USD

Spread / Average Target

+2.88%

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