Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Granite Construction Incorporated    GVA

GRANITE CONSTRUCTION INCORPORATED

(GVA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Granite Construction Incorporated : Announces New York Stock Exchange Listing Extension

share with twitter share with LinkedIn share with facebook
09/18/2020 | 06:01pm EDT

Granite Construction Incorporated (NYSE: GVA) (the “Company”) today announced that it has received an extension for continued listing and trading of the Company’s common stock on the New York Stock Exchange (the “NYSE”).

The extension of an additional six months gives the Company until March 18, 2021 to file its Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Form 10-K”) and its subsequent Quarterly Reports on Form 10-Q (the “2020 Form 10-Qs”) with the Securities and Exchange Commission (the “SEC”), subject to reassessment on an ongoing basis. The Company can regain compliance at any time before that date by filing its 2019 Form 10-K and 2020 Form 10-Qs with the SEC. The NYSE will continue to closely monitor the Company’s restatement process and timing, and could initiate accelerated trading suspension prior to the end of the six-month extension if that process fails to progress satisfactorily during the extension. In addition, in the event the Company does not file its 2019 Form 10-K and 2020 Form 10-Qs with the SEC by March 18, 2021, the NYSE will move forward with the initiation of suspension and delisting procedures.

As previously reported, the delay in filing the 2019 Form 10-K and 2020 Form 10-Qs is a result of the independent investigation of the Audit/Compliance Committee (the “Audit Committee”) of the Board of Directors of the Company.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

Forward-Looking Statements

Any statements contained in this press release that are not based on historical facts, including statements regarding future events, occurrences, circumstances, activities, outcomes, outlook, guidance, estimates and results of the independent investigation and preparation and filing of financial statements, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by words such as “future,” “outlook,” “expects,” “estimates,” “preliminary,” “anticipates,” “plans,” “may,” “will,” “could,” “continue,” and the negatives thereof or other comparable terminology or by the context in which they are made. These forward-looking statements are estimates reflecting the best judgment of senior management and reflect our current expectations regarding future events, occurrences, circumstances, activities, performance, growth, demand, strategic plans, outcomes, outlook, guidance, estimates and results of the independent investigation and preparation and filing of financial statements. These expectations may or may not be realized. Some of these expectations may be based on beliefs, assumptions or estimates that may prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our business, financial condition, results of operations, cash flows and liquidity. Such risks and uncertainties include, but are not limited to, the completion and final results of the independent investigation of the Audit Committee, including any changes to the scope of the investigation, as well as those described in greater detail in our filings with the SEC, particularly those specifically described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Due to the inherent risks and uncertainties associated with our forward-looking statements, the reader is cautioned not to place undue reliance on them. The reader is also cautioned that the forward-looking statements contained herein speak only as of the date of this press release and, except as required by law, we undertake no obligation to revise or update any forward-looking statements for any reason.

© Business Wire 2020

share with twitter share with LinkedIn share with facebook
All news about GRANITE CONSTRUCTION INCORPORATED
10/25SUPERNOVA METALS : Engages Layne, A Granite Company for Clanton Hills Silver Pro..
PU
10/23GRANITE CONSTRUCTION INC : Change in Directors or Principal Officers, Financial ..
AQ
10/16GRANITE CONSTRUCTION INC : Change in Directors or Principal Officers (form 8-K)
AQ
10/15GRANITE : Selected for $257 Million Construction Manager/General Contractor Proj..
BU
10/14GRANITE : Inliner Awarded CMAR Sewer Interceptor Rehabilitation Project in Denve..
BU
10/12GRANITE : Awarded $16 Million Task Order Contract by the Federal Emergency Manag..
BU
10/05GRANITE : Aggregate Plants Receive NSSGA Awards of Excellence
BU
10/01GRANITE : Awarded $7 Million Pedestrian Rail Undercrossing and Shared Use Path P..
BU
09/29GRANITE CONSTRUCTION INCORPORATED : Ex-dividend day for
FA
09/28GRANITE CONSTRUCTION INC : Change in Directors or Principal Officers (form 8-K)
AQ
More news
Financials (USD)
Sales 2019 3 375 M - -
Net income 2019 -97,8 M - -
Net Debt 2019 146 M - -
P/E ratio 2019 -9,75x
Yield 2019 2,56%
Capitalization 922 M 922 M -
EV / Sales 2019 0,32x
EV / Sales 2020 0,28x
Nbr of Employees 2 700
Free-Float 99,0%
Chart GRANITE CONSTRUCTION INCORPORATED
Duration : Period :
Granite Construction Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GRANITE CONSTRUCTION INCORPORATED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 15,67 $
Last Close Price 20,28 $
Spread / Highest target -1,38%
Spread / Average Target -22,7%
Spread / Lowest Target -50,7%
EPS Revisions
Managers
NameTitle
Kyle T. Larkin President & Chief Executive Officer
Claes G. Bjork Chairman
Jigisha Desai Chief Financial Officer & Senior Vice President
David H. Kelsey Independent Director
Gaddi H. Vasquez Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GRANITE CONSTRUCTION INCORPORATED-26.71%922
VINCI SA-26.42%48 462
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED-9.07%32 069
CHINA RAILWAY GROUP LIMITED-9.09%18 421
FERROVIAL, S.A.-23.40%17 963
LARSEN & TOUBRO LIMITED-27.54%17 901