| Granite Construction Incorporated (GVA) Q4 2024 Earnings Call Transcript |
Granite Construction Incorporated (NYSE:GVA ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Mike Barker – Vice President of Investor Relations Kyle Larkin – President and Chief Executive Officer Staci Woolsey – Executive Vice President and Chief Financial Officer Conference Call Participants Steven Ramsey – Thompson Research Group Michael Dudas – Vertical Research Partners Jerry Revich – Goldman Sachs Jean Veliz – D.A. Davidson Operator Good morning everyone. |
seekingalpha.com |
2025-02-13 16:29:52 |
Czytaj oryginał (ang.) |
| Granite Reports Fourth Quarter and Fiscal Year 2024 Results |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 Results Net income totaled $41 million, or $0.84 per diluted share, compared to net income of $26 million, or $0.55 per diluted share, for the same period in the prior year. Adjusted net income (1) totaled $56 million, or $1.23 per diluted share, compared to adjusted net income (1) of $38 million, or $0.85 per diluted s. |
businesswire.com |
2025-02-13 08:45:00 |
Czytaj oryginał (ang.) |
| Granite's $78 Million Road Congestion Relief Project in Anaheim, California |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a $78 million infrastructure project by the California Department of Transportation (Caltrans) in Orange County, California. Project funding is to come from state and federal sources and will be included in Granite's first-quarter CAP. The project is centered around the demolition and reconstruction of a 320-foot-long concrete bridge. This new bridge is designed to improve mobility throughout the State Route 55 and State. |
businesswire.com |
2025-02-11 18:30:00 |
Czytaj oryginał (ang.) |
| Outperforming Hennessy Fund Comanager Shares Favorite Stocks |
In a market focused on the megacap stocks, Joshua Wein steers clear of the giants while running one of the best mutual funds. The post Outperforming Hennessy Fund Comanager Shares Favorite Stocks appeared first on Investor's Business Daily. |
investors.com |
2025-02-07 09:00:17 |
Czytaj oryginał (ang.) |
| Granite/Lehman-Roberts Leader Pat Nelson Elected 2025 NAPA Chairman |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) Regional Vice President and President of Lehman-Roberts Company, Pat Nelson, has been elected National Asphalt Pavement Association's (NAPA) 2025 Chairman of the Board. Pat's term began by taking the Oath of Office at NAPA's Annual Meeting on February 3. Lehman-Roberts, a Granite Company, was a founding member of NAPA 70 years ago, and Pat's steady involvement in NAPA has spanned two decades. He has served the association in numerous capa. |
businesswire.com |
2025-02-03 18:35:00 |
Czytaj oryginał (ang.) |
| Granite Construction: Still Attractive On Growth And Margin Expansion |
Granite Construction has shown strong financial performance, with significant revenue and profit growth, driven by favorable conditions and acquisitions. Despite impressive gains, the stock is nearing a valuation where a downgrade to 'hold' might be necessary if outperformance continues. Management's guidance for 2027 suggests continued organic growth and margin expansion, indicating potential for further upside. |
seekingalpha.com |
2025-01-30 12:51:37 |
Czytaj oryginał (ang.) |
| Granite Announces Timing of Earnings Release and Investor Conference Call |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) will release financial results for the quarter ended December 31, 2024, before market opens on Thursday, February 13, 2025. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, February 13, 2025. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call w. |
businesswire.com |
2025-01-29 08:45:00 |
Czytaj oryginał (ang.) |
| Granite Wins $88M Project From Caltrans, Boosts CAP Growth |
GVA receives a new $88 million project from the California Department of Transportation. Dive in to know more about the stock's new win. |
zacks.com |
2025-01-24 14:21:10 |
Czytaj oryginał (ang.) |
| Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $88 million contract by the California Department of Transportation (Caltrans) to improve a section of Ortega Highway State Route 74 (SR 74). Project funding will come from state and federal sources and the project will be included in Granite's first-quarter CAP. The project scope includes widening the shoulders and roadway, allowing for the installation of centerline and edge line rumble strips. These en. |
businesswire.com |
2025-01-23 18:30:00 |
Czytaj oryginał (ang.) |
| Granite Wins $71M Fort Bliss Contract to Expand Rail Yard |
GVA expands its government contracts with a Fort Bliss project. |
zacks.com |
2025-01-22 15:00:42 |
Czytaj oryginał (ang.) |
| Granite Announces $71 Million Rail Yard Expansion Project at Fort Bliss, Texas |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $71 million contract by the United States Army Corps of Engineers to expand and update the rail yard at Fort Bliss in El Paso, TX. Project funding is to come from federal sources and was included in Granite's 2024 third-quarter CAP. Granite's work will add new loading spurs, expand the vehicle staging area, and create a secondary connection from the rail yard to the Union Pacific Railroad. These improveme. |
businesswire.com |
2025-01-21 18:30:00 |
Czytaj oryginał (ang.) |
| Granite's Pat Kelly Elected President of AGC of California for 2025 |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) Vice President of Operational Excellence, Pat Kelly, has been elected president of the Associated General Contractors (AGC) of California for the year 2025. This appointment recognizes Pat's extensive experience and dedication to the construction industry. Pat Kelly, who has been with Granite for more than four decades, has held various leadership roles within the company, demonstrating exceptional commitment to excellence and innovation. |
businesswire.com |
2025-01-09 18:30:00 |
Czytaj oryginał (ang.) |
| Granite Declares Quarterly Dividend |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 15, 2025, to all shareholders of record at the close of business on December 31, 2024. 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 a. |
businesswire.com |
2024-12-11 18:45:00 |
Czytaj oryginał (ang.) |
| Granite Named One of Newsweek's America's Most Responsible Companies for the Third Consecutive Year |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been listed by Newsweek as one of America's Most Responsible Companies in 2025. Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider, present this award to recognize companies for their commitment to doing the right thing for people, the planet, and their communities. This list highlights companies that excel in corporate responsibility, sustainability, and ethical practices. The initial analys. |
businesswire.com |
2024-12-05 18:30:00 |
Czytaj oryginał (ang.) |
| Granite Construction: Infrastructure Spending And An Upgraded Business Model |
I'm into infrastructure, and not just data centers for AI. Our road and transportation systems remain awful, and I want to invest in companies that get paid to fix it. Granite Construction is close to a pure play on roadwork. |
seekingalpha.com |
2024-11-15 15:11:30 |
Czytaj oryginał (ang.) |
| Heavy Construction Industry Gains Momentum: 5 Stocks to Watch |
Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, MTZ, GVA, PRIM and GLDD from the Zacks Building Products - Heavy Construction industry. |
zacks.com |
2024-11-15 15:00:31 |
Czytaj oryginał (ang.) |
| Granite Announces Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27 million subcontract for general contractor Hensel Phelps. Mosaic Quarter is a sports and entertainment-focused lifestyle center, serving as a destination point for residents and visitors. It features state-of-the-art venues for entertainment, recreational and collegiate sports, including ice hockey, basketball, soccer. |
businesswire.com |
2024-11-07 10:30:00 |
Czytaj oryginał (ang.) |
| Granite Construction (GVA) Is Up 5.94% in One Week: What You Should Know |
Does Granite Construction (GVA) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-11-04 15:01:26 |
Czytaj oryginał (ang.) |
| Here Is Why Bargain Hunters Would Love Fast-paced Mover Granite Construction (GVA) |
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Granite Construction (GVA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen. |
zacks.com |
2024-11-04 11:50:39 |
Czytaj oryginał (ang.) |
| Granite Construction Incorporated (GVA) Q3 2024 Earnings Call Transcript |
Granite Construction Incorporated (NYSE:GVA ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Mike Barker - Vice President-Investor Relations Kyle Larkin - President and Chief Executive Officer Staci Woolsey - Executive Vice President and Chief Financial Officer Conference Call Participants Steven Ramsey - Thompson Research Group Brent Thielman - D.A. Davidson Michael Dudas - Vertical Research Partners Operator Good morning, my name is Andrea, and I will be your conference facilitator today. |
seekingalpha.com |
2024-10-31 18:49:04 |
Czytaj oryginał (ang.) |
| Granite Reports Third Quarter 2024 Results |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Results Net income attributable to Granite Construction Incorporated totaled $79 million, or $1.57 per diluted share, compared to $58 million, or $1.13 per diluted share, for the same period in the prior year. Adjusted net income attributable to Granite Construction Incorporated (1) totaled $91 million, or $2.05 per diluted shar. |
businesswire.com |
2024-10-31 08:45:00 |
Czytaj oryginał (ang.) |
| Granite's Southeast Home Market Expansion |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) continues to expand its home market strategy in the Southeast through various projects, leveraging its recent acquisitions of Lehman-Roberts, Memphis Stone & Gravel (MSG), and Dickerson & Bowen Inc. (D&B). The following projects demonstrate versatility in the construction and materials industry in the region: Olive Branch Airport taxiway rehabilitation, Mississippi: Lehman-Roberts was recently awarded this project which consis. |
businesswire.com |
2024-10-29 18:30:00 |
Czytaj oryginał (ang.) |
| Granite Construction: Still Cruising Higher |
Granite Construction has seen impressive stock growth, up 104.7% since my 'buy' recommendation in March 2023, outperforming the broader market significantly. Despite the massive rise, I maintain a soft 'buy' rating due to continued revenue growth and attractive pricing relative to peers. The company's strong performance is driven by increased public spending, favorable weather, and strategic acquisitions, with significant revenue and profit growth. |
seekingalpha.com |
2024-10-28 13:38:05 |
Czytaj oryginał (ang.) |
| Granite Announces Pavement Rehabilitation Project on SR 99 in Tulare, California |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $21 million contract by the California Department of Transportation (Caltrans) to rehabilitate three miles of pavement on both the northbound and southbound lanes of State Route 99 (SR 99) through Tulare, California. Project funding is to come from federal sources and was included in Granite's third-quarter CAP. The existing pavement will be removed using cold planing and replaced with 56,300 tons of hot. |
businesswire.com |
2024-10-24 20:30:00 |
Czytaj oryginał (ang.) |
| Granite Announces Timing of Earnings Release and Investor Conference Call |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) will release financial results for the quarter ended September 30, 2024, before market opens on Thursday, October 31, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, October 31, 2024. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call wi. |
businesswire.com |
2024-10-17 10:45:00 |
Czytaj oryginał (ang.) |
| Granite and King County Metro Announce Atlantic Base Refurbishment Project |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced the commencement of the approximately $45 million Atlantic Base Refurbishment (ABR) project in Seattle, Washington. This comprehensive initiative aims to modernize and enhance the infrastructure of King County Metro's (KCM) six-acre trolley bus parking and maintenance facility. “The General Contractor/Construction Manager (GC/CM) project delivery method chosen by KCM has facilitated a collaborative environment, enabling all pro. |
businesswire.com |
2024-10-10 12:30:00 |
Czytaj oryginał (ang.) |
| Granite Secures $34M Contract to Improve OAK Perimeter Dike |
GVA's focus on growing a high-quality CAP portfolio in a positive public funding environment and resilient private market is commendable. |
zacks.com |
2024-10-09 17:32:14 |
Czytaj oryginał (ang.) |
| Granite Announces $34 Million Seismic Improvement Project at Oakland International Airport |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) has announced the signing of a $34 million contract to implement seismic improvements to the Oakland International Airport (OAK) Perimeter Dike. This critical infrastructure project is designed to protect the airport runway from water intrusion from the adjacent San Francisco Bay. Project funding comes in part from the Federal Aviation Administration (FAA) and will be included in Granite's third-quarter CAP. The primary objective of this. |
businesswire.com |
2024-10-08 20:30:00 |
Czytaj oryginał (ang.) |
| Granite Announces Six Safety and Environmental Awards From NSSGA |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced today that it has received six awards, including the Bronze Louis Griesemer Sterling Safety Award for large companies, from the National Stone, Sand & Gravel Association (NSSGA). These honors were presented at the NSSGA Legislative & Policy Forum in Washington DC on September 27, 2024. The Louis Griesemer Sterling Safety Award highlights the commitment of NSSGA member companies to prioritize employee safety and well-bei. |
businesswire.com |
2024-10-08 12:30:00 |
Czytaj oryginał (ang.) |
| In Honor of Dr. Patricia Galloway: A Legacy of Leadership and Dedication |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Dr. Patricia D. Galloway, a member of Granite's (NYSE:GVA) Board of Directors died on September 26, 2024. A valued and respected director since June 2017, Dr. Galloway was a member of the Board's Nominating and Corporate Governance and Compensation Committees. With more than 40 years of experience specializing in energy and construction matters, Dr. Galloway was the chairman of Pegasus-Holdings Inc. As the owner of Galloway Arbitration, Dr. Galloway was an. |
businesswire.com |
2024-10-03 12:30:00 |
Czytaj oryginał (ang.) |
| ENR Ranks Granite Number One in Highways for the Fourth Consecutive Year |
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) has been recognized as the top company in the Highways market and the second in the Mining market in the 2024 Top Contractors Sourcebook by Engineering News-Record (ENR) magazine. ENR, a leading trade publication, ranks the largest U.S.-based public and private companies across major market sectors. This achievement marks the fourth consecutive year and the sixth time in seven years that Granite has secured the #1 ranking in Highways. “W. |
businesswire.com |
2024-10-02 12:30:00 |
Czytaj oryginał (ang.) |
| Granite Secures $113M Marine Corps Contract, Stock Gains |
GVA will further support U.S. Marines' relocation with a $113M contract for new facilities at Marine Corps Base Camp Blaz. |
zacks.com |
2024-09-25 16:50:26 |
Czytaj oryginał (ang.) |