Welcome to our dedicated page for Granite Construction news (Ticker: $GVA), a resource for investors and traders seeking the latest updates and insights on Granite Construction stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Granite Construction's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Granite Construction's position in the market.
Granite, a leading company in the construction industry, has expanded its presence in the Inland Empire, California, by opening a new office in Ontario. This strategic move highlights Granite's commitment to the region and its goal of securing more projects in the area. With a focus on enhancing local infrastructure, fostering client relationships, and contributing to the region's growth, Granite's investment in the Inland Empire is a positive step towards economic development and community support.
Granite Construction Incorporated (NYSE: GVA) reported first quarter 2024 results with a 20% year-over-year revenue increase to $672 million. Adjusted diluted EPS stood at $(0.21), while operating cash flow rose $101 million to $24 million. The company reorganized operations to align leadership with reportable segments. Despite a net loss of $31 million, revenue, gross profit, and adjusted EBITDA all saw positive growth compared to the prior year.
Granite (NYSE:GVA) published its 2023 Sustainability Report, emphasizing social responsibility, environmental stewardship, and governance. Aligned with SDGs, GRI, SASB, and TCFD, the report showcases partnerships to achieve sustainability goals. Highlights include safety milestones, emissions reduction targets, energy efficiency investments, and industry commendations.
Granite (NYSE:GVA) secured a $31 million subcontract from Skanska USA for a highway project in Bothell, WA. The project will improve I-405 with increased ETL capacity, direct access ramps, and enhanced transit connections. Granite aims to support WSDOT and Western Washington's transportation needs.
