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MarketScreener Homepage  >  Equities  >  Nyse  >  Granite Construction Incorporated    GVA

GRANITE CONSTRUCTION INCORPORATED

(GVA)
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Granite Construction Inc. : Granite Awarded $45.8 Million Highway Widening Project in Florida

12/23/2013 | 05:31pm EDT

Granite Construction Incorporated (NYSE: GVA) announced today that it has been awarded a $45.8 million design-build contract by the Florida Department of Transportation to widen eight miles of State Route I-75 in Pasco County, Florida. Granite will book the project into backlog in the fourth quarter of 2013.

The project includes final design and construction to widen I-75 (SR 93) North of SR 52 from four to six lanes, milling and resurfacing the existing pavement, ramp improvements, miscellaneous structures; signing and pavement marking; intelligent transportation systems; geotechnical, and environmental permitting. In addition, the contract calls for the installation of new storm water management facilities and flood plain compensation sites that will provide significant drainage improvements to the project site.

Construction is scheduled to begin in January 2014 and is anticipated to take 24 months to complete.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE: GVA) is one of the nation's largest infrastructure contractors and construction materials producers. Incorporated in 1922, Granite serves public- and private-sector clients on projects both small and large. Granite's project teams represent some of the best in the industry serving owners in the transportation, power, federal, tunneling, underground, and industrial/mining and water resources markets. In 2013, the Company was recognized by the Ethisphere Institute as one of the World's Most Ethical Companies for the fourth year in a row. For more information, please visit www.graniteconstruction.com.

Granite Construction Incorporated
Jacque Fourchy, 831-761-4741


© Business Wire 2013
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Financials (USD)
Sales 2021 3 719 M - -
Net income 2021 53,6 M - -
Net Debt 2021 93,4 M - -
P/E ratio 2021 33,9x
Yield 2021 1,33%
Capitalization 1 790 M 1 790 M -
EV / Sales 2021 0,51x
EV / Sales 2022 0,46x
Nbr of Employees 2 800
Free-Float 98,4%
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 32,00 $
Last Close Price 39,10 $
Spread / Highest target -10,5%
Spread / Average Target -18,2%
Spread / Lowest Target -25,8%
EPS Revisions
Managers and Directors
NameTitle
Kyle T. Larkin President & Chief Executive Officer
Elizabeth L. Curtis Chief Financial Officer & Executive Vice President
Claes G. Bjork Chairman
James A. Radich Chief Operating Officer & Executive Vice President
M. Craig Hall Secretary, Compliance Officer & Senior VP
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