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Granite Construction Inc  (NYSE: GVA)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $89.6100 $1.09 1.231%
Day's High: $89.87 Week Perf: 2.81 %
Day's Low: $ 88.11 30 Day Perf: 1.38 %
Volume (M): 397 52 Wk High: $ 105.20
Volume (M$): $ 35,548 52 Wk Avg: $72.34
Open: $88.92 52 Wk Low: $46.76



 Market Capitalization (Millions $) 4,693
 Shares Outstanding (Millions) 52
 Employees 2,100
 Revenues (TTM) (Millions $) 3,961
 Net Income (TTM) (Millions $) 115
 Cash Flow (TTM) (Millions $) 170
 Capital Exp. (TTM) (Millions $) 140

Granite Construction Inc

We deliver infrastructure solutions for public and private clients in North America. We are one of the largest diversified heavy civil contractors and construction materials producers in the United States. We operate nationwide, serving both public and private sector clients. Within the public sector, we primarily concentrate on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, water and wastewater facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, we perform site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provide construction management professional services.

In addition to business segments, we review our business by operating groups and by public and private market sectors. Our operating groups are defined as follows: (i) California; (ii) Northwest, which primarily includes offices in Alaska, Arizona, Nevada, Utah and Washington; (iii) Heavy Civil, which primarily includes offices in California, Florida, New York and Texas; and (iv) Kenny, which primarily includes an office in Illinois. Each of these operating groups may include financial results from our Construction and Large Project Construction segments. A project’s results are reported in the operating group that is responsible for the project, not necessarily the geographic area where the work is located. In some cases, the operations of an operating group include the results of work performed outside of that geographic region. Our California and Northwest operating groups include financial results from our Construction Materials segment.

Aggregate Materials - We own and lease aggregate reserves and own processing plants that are vertically integrated into our construction operations. By ensuring availability of these resources and providing quality products, we believe we have a competitive advantage in many of our markets, as well as a source of revenue and earnings from the sale of construction materials to third parties.
Controlled Growth - We intend to grow our business by working on many types of infrastructure projects, as well as by expanding into new geographic areas organically and through acquisitions. In addition, our financial strength and project experience provide us with a competitive advantage, as we focus our efforts on larger projects.


Core Competency Focus - A core competency is to perform the myriad of tasks necessary to deliver major infrastructure projects. These projects include the building of roads, highways, bridges, dams, tunnels, mass transit facilities, airport and railroad infrastructure, underground utilities, power-related facilities, water-related facilities, materials management, construction management, staff augmentation and site preparation. This focus allows us to most effectively utilize our specialized strengths.


Decentralized Profit Centers - Each of our operating groups is established as an individual profit center which encourages entrepreneurial activity while allowing the operating groups to benefit from centralized administrative, operational expertise and support functions.


Diversification - To mitigate the risks inherent in the construction business as the result of general economic factors, we pursue projects: (i) in both the public and private sectors; (ii) in federal, rail, power, water and renewable energy markets; (iii) for a wide range of customers within each sector (from the federal government to small municipalities and from large corporations to individual homeowners); (iv) in diverse geographic markets; (v) that are construction management/general contractor, design-build and bid-build; (vi) at fixed price, time and materials, cost reimbursable and fixed unit price; and (vii) of various sizes, durations and complexity. In addition to pursuing opportunities with traditional project funding, we continue to evaluate other sources of project funding (e.g., public and private partnerships).


Employee Development - We believe that our employees are the primary factor for the successful implementation of our business strategies. Significant resources are employed to attract, develop and retain extraordinary talent and fully promote each employee’s capabilities.

Ownership of Construction Equipment - We own a large fleet of well-maintained heavy construction equipment. The ownership of a large portion of construction equipment enables us to compete more effectively by ensuring availability of the equipment at a favorable cost.
Profit-based Incentives - Managers are incentivized with cash compensation and restricted equity awards, payable upon the attainment of pre-established annual financial and non-financial metrics.


Selective Bidding - We focus our resources on bidding jobs that meet our selective bidding criteria, which include analyzing the risk of a potential job relative to: (i) available personnel to estimate and prepare the proposal as well as to effectively manage and build the project; (ii) the competitive environment; (iii) our experience with the type of work and with the owner; (iv) local resources and partnerships; (v) equipment resources; and (vi) the size, complexity and expected profitability of the job.

Our operating principles include:
Accident Prevention - We believe pro-active accident prevention is a moral obligation as well as good business. By identifying and concentrating resources to address jobsite hazards, we continually strive to eliminate our incident rates and the costs associated with accidents.

Quality and High Ethical Standards - We believe in the importance of performing high quality work. Additionally, we believe in maintaining high ethical standards through an established code of conduct and an effective company-wide compliance program, while being guided by our Core Values at all times.
Sustainability - Our focus on sustainability encompasses many aspects of how we conduct ourselves and practice our core values. We believe sustainability is important to our customers, employees, shareholders, and communities, and is also a long-term business driver. By focusing on specific initiatives that address social, environmental and economic challenges, we can minimize risk and increase our competitive advantage.



   Company Address: 585 W. Beach Street Watsonville 95076 CA
   Company Phone Number: 724-1011   Stock Exchange / Ticker: NYSE GVA


Customers Net Income grew by GVA's Customers Net Profit Margin grew to

656.46 %

16.11 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DY        7.98% 
MTZ        2.84% 
PRIM        1.3% 
TPC        2.77% 
EXP        0.62% 
KNF   -0.57%    
• View Complete Report
   



Business Update

Granite Announces $88 Million Highway Safety Enhancement Project Near Lake Elsinore, California

Published Fri, Jan 24 2025 1:37 PM UTC

Granite Construction s Strategic Gains: A Comprehensive Analysis of Highway Enhancements and Impressive Market PerformanceIn a significant development for both traffic safety and regional infrastructure, Granite Construction Inc. (NYSE: GVA) has been awarded an approximately $88 million contract by the California Department of Transportation (Caltrans) to undertake crucial ...

Business Update

Granite Construction Secures $71 Million Rail Yard Expansion at Fort Bliss Amid Market Struggles

Published Wed, Jan 22 2025 2:04 AM UTC

Granite Construction Inc. (NYSE: GVA), a prominent player in the infrastructure sector, has been awarded a significant contract worth approximately $71 million by the United States Army Corps of Engineers for the expansion and modernization of the rail yard at Fort Bliss in El Paso, Texas. This project represents a crucial investment in the facility s operational efficiency ...

Business Update

Granite Construction Pioneering Growth with Mosaic Quarter and Landmark Airport Enhancements,

Published Thu, Nov 7 2024 3:48 PM UTC

Granite Construction: Leading the Charge in Transformative Infrastructure Projects Granite Construction (NYSE: GVA) continues to solidify its reputation as a leader in the construction industry through strategic projects and consistent recognition. The company has recently announced significant developments in Tucson, Arizona, and Oakland, California, reflecting its commitme...

Business Update

Granites Strategic Advancements Infrastructure Growth and Recognition in the Construction Sector

Published Thu, Oct 10 2024 3:36 PM UTC

In a series of recent announcements, Granite (NYSE: GVA) is positioning itself as a pivotal player in the construction industry, especially in the realm of infrastructure and military projects. The company s latest activities span from a significant refurbishment project for King County Metro in Seattle to high-profile recognition in the Engineering News-Record (ENR) ranking...

Business Update

Granite Construction?s Multi-Million Dollar Projects Enhancing Infrastructure for a Stronger Tomorrow,

Published Wed, Oct 9 2024 5:52 AM UTC

Building a Resilient Future: Granite s Strategic Infrastructure Projects Across the U.S.In a bold step towards fortifying critical infrastructure and enhancing community resilience, Granite Construction Incorporated (NYSE: GVA) has launched several significant projects across the United States. These initiatives, marked by strategic collaborations and robust funding, unders...







Granite Construction Inc's Segments
Construction    84.76 % of total Revenue
Construction Public    64.96 % of total Revenue
Construction Private    19.8 % of total Revenue
Materials    23.33 % of total Revenue
Consolidation Eliminations    -8.05 % of total Revenue
Materials Consolidation Eliminations    -8.05 % of total Revenue
Public    240.88 % of total Revenue
Private    63.78 % of total Revenue
Collaborative Arrangement    0.61 % of total Revenue
Collaborative Arrangement Corporate Joint Venture    1.25 % of total Revenue
Collaborative Arrangement Co-venturer Other Partners Interest in Partnerships    0.64 % of total Revenue





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