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Granite Construction Incorporated  (GVA)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $55.5900 $0.19 0.343%
Day's High: $56.04 Week Perf: -1.05 %
Day's Low: $ 54.91 30 Day Perf: 4.2 %
Volume (M): 300 52 Wk High: $ 57.93
Volume (M$): $ 16,694 52 Wk Avg: $43.52
Open: $55.46 52 Wk Low: $33.74



 Market Capitalization (Millions $) 2,499
 Shares Outstanding (Millions) 45
 Employees 1,800
 Revenues (TTM) (Millions $) 3,508
 Net Income (TTM) (Millions $) 30
 Cash Flow (TTM) (Millions $) 124
 Capital Exp. (TTM) (Millions $) 140

Granite Construction Incorporated

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 West Beach Street Watsonville 95076 CA
   Company Phone Number: 724-1011   Stock Exchange / Ticker: NYSE GVA
    Next quarterly dividend pay out on April 15, 2024.


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


3.45 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
PRIM        2.1% 
MDU   -3.82%    
SUM   -3.77%    
VMC   -2.75%    
• View Complete Report
   



Dividend

Granite Construction Fortifies Shareholder Confidence with Strengthened Dividend Declaration

Published Wed, Mar 13 2024 12:00 AM UTC

Granite Construction Boosts Shareholder Confidence with Quarterly Dividend Declaration
WATSONVILLE, Calif. - Granite Construction Incorporated (NYSE: GVA), a leading infrastructure company in America, has recently announced the declaration of a quarterly cash dividend of $0.13 per common share. This move solidifies the company's growth prospects and further strengthens s...

Product Service News

Granite Construction Takes the Construction Industry by Storm: Receives 97 Awards, Expands Operations, and Unveils Cutting-Edge Plant in Tucson

Published Wed, Feb 28 2024 9:30 PM UTC

Granite Construction Receives 97 Awards and Commendations from NAPA, Expands Operations, and Unveils State-of-the-Art Plant Granite Construction, a leading infrastructure contractor, has recently been recognized by the National Asphalt Pavement Association (NAPA) with an impressive total of 97 awards and commendations. The accolades highlight Granite's exceptional plant oper...

Granite Construction Incorporated

Granite Construction Incorporated Sees 356.79% Increase in EPS for October to December 31, 2023 Financial Span

Granite Construction Inc. (GVA) shares have recently recorded a solid gain of 5.9% over the course of the last five trading days. This positive momentum comes after a drop of 9.76% in GVA shares during February 2024. However, GVA shares are currently only 4.2% shy of reaching its 52-week high of $52.24. These developments raise the question of how these financial results will impact the company going forward.
In the company's recent announcement of its quarterly and yearly results for the period ending December 31, 2023, Granite Construction reported net income of $26 million, or $0.55 per diluted share. This is an improvement from the prior year when net income was $22 million, or $0.46 per diluted share. Furthermore, adjusted net income for the same period was $36 million, or $0.82 per diluted share, compared to $25 million, or $0.56 per diluted share, in the previous year. These positive numbers indicate growth and financial stability for the company.

Product Service News

Granite Construction Secures $112 Million Construction Option in Denali National Park

Published Tue, Feb 13 2024 9:30 PM UTC

Granite Construction Inc. (NYSE: GVA) has successfully completed preconstruction services and, on February 1, 2024, was awarded the final $112 million construction option for the Polychrome Area Improvements Construction Manager/General Contractor (CM/GC) project by the Federal Highway Administration (FHWA) in Denali National Park, Alaska. This milestone marks the completion...

Product Service News

Breaking Ground and Soaring to New Heights: Granite's Transformative Projects Elevate Tucson's Infrastructure and Safety Standards

Published Wed, Jan 31 2024 9:30 PM UTC

Granite's Grant Road Widening Project and Airfield Safety Enhancement Program: Enhancing Infrastructure and Safety in TucsonGranite, a leading construction company, has recently been awarded two significant contracts in Tucson, Arizona - the Grant Road Widening Project and the Airfield Safety Enhancement Program at Tucson International Airport. With a combined worth of appro...






 

Granite Construction Incorporated's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Granite Construction Incorporated does not provide revenue guidance.

Earnings Outlook
Granite Construction Incorporated does not provide earnings estimates.

 
Geographic Revenue Dispersion




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