Granite Construction Inc. reports news on its U.S. civil infrastructure construction business and construction materials operations. Company updates commonly cover quarterly results, Committed and Awarded Projects, project awards for highways, bridges, tactical infrastructure, transit corridors and roadway rehabilitation, and the use of aggregates, asphalt and other materials within its vertically integrated platform.
Granite news also includes capital allocation and corporate development items, including quarterly dividends and completed acquisitions that expand regional construction and materials markets. The company, incorporated since 1922, serves public and private infrastructure customers and reports developments tied to project selection, public-market funding, materials production, and geographic expansion.
Granite (GVA) announced that its joint venture with Super Excavators won an approximately $324.8 million contract for Cleveland’s Big Creek Tunnel.
The Northeast Ohio Regional Sewer District awarded the project, the last of seven large-diameter combined sewer overflow storage tunnels under Project Clean Lake. Granite’s work includes 22,300 linear feet of 20-foot-diameter tunnel, 3,115 linear feet of ancillary tunnels and associated structures. Construction is scheduled to begin in fall 2026, with completion expected in winter 2030. Granite expects the completed project to eliminate 550 million gallons of combined sewer releases annually.
Granite (NYSE:GVA) announced that its GO3JV joint venture won an approximately $165 million task order for Guam Defense System infrastructure.
The award falls under the Guam Multiple Award Construction Contract and covers Forward Operating Sites for the Naval Facilities Engineering Systems Command (NAVFAC). It will be included in third-quarter CAP. Work includes site preparation, utility installation, facility construction, transportation improvements and related infrastructure. Construction is anticipated to begin in 2026, with completion expected in late 2029.
Granite (GVA) has joined Plug and Play's Real Estate & Construction program in Silicon Valley to advance technology-driven infrastructure innovation.
Through Plug and Play's global innovation platform, Granite will work with startups, industry leaders, and entrepreneurs to identify solutions that improve how infrastructure is planned, built, and maintained. The company aims to leverage emerging technologies to enhance project delivery, boost operational performance, and create long-term value for customers and communities.
Granite (GVA) declared a quarterly cash dividend of $0.13 per common share.
The dividend will be paid on October 15, 2026 to shareholders of record as of the close of business on September 30, 2026.
Granite (GVA) received a contract worth approximately $23.7 million from the Federal Highway Administration’s Western Federal Lands Highway Division to rehabilitate Two Medicine Road in Glacier National Park, Montana.
The project will rebuild 7.22 miles of the primary access road to the park’s Two Medicine area and will be included in Granite’s third quarter CAP. Work includes reconstruction, paving, drainage, stream channel restoration, parking restoration, and new visitor amenities, using full-depth reclamation to recycle existing pavement. Construction is scheduled to start in fall 2026 and finish in late 2027.
Granite (NYSE:GVA) announced it has been awarded a progressive design build contract by the University of Washington for the Burke-Gilman Trail Transit Access, Safety Efficiency Improvements Project in Seattle. The total construction value is approximately $12.3 million and the project was included in Granite’s second quarter 2026 CAP.
The work will widen about 1 mile of the trail on the UW campus, from Rainier Vista to NE 47th Street, adding new paving, enhanced lighting, better sight lines, ADA accessibility improvements, drainage upgrades, and measures to reduce long-term maintenance. The project began in June 2026 and is in the design phase, with construction expected to start in Spring 2027 and finish in the first quarter of 2029.
Granite (NYSE:GVA) has been awarded an approximately $31 million Early Works Grading Package by Hydrostor for the Willow Rock Energy Storage Center, a planned 500 MW advanced compressed air energy storage project in Kern County, California. The award will be included in Granite’s third quarter 2026 CAP.
Granite will build early site infrastructure on the 89-acre site, including a nine-acre pad to support excavation of a 1.3-million-cubic-yard cavern about 2,000 feet underground, plus road improvements, stormwater basins, and laydown areas. Work began in July 2026 and is planned to conclude in March 2027.
Granite (NYSE:GVA) has appointed George L. Nash, Jr. to its Board of Directors, effective August 5, 2026. Nash brings more than 30 years of leadership experience in global energy, infrastructure, and construction, including senior roles at Atkins (now AtkinsRéalis), AECOM, and URS Corporation.
According to Granite, Nash led the North America region of Atkins through revenue and profitability growth, business expansion across multiple infrastructure markets, and post‑acquisition integration with SNC-Lavalin. The company cites his background in corporate governance, strategic planning, risk management, and capital allocation as support for Granite’s long-term growth and shareholder value objectives.
Granite (NYSE:GVA) reported Q2 2026 revenue of $1.46 billion, up 29% year-over-year, and adjusted net income of $101 million, or $2.16 per diluted share, versus $86 million and $1.93 a year earlier. Adjusted EBITDA rose 22% to $186 million and CAP increased sequentially by $250 million to $7.4 billion.
According to Granite, GAAP results showed a net loss attributable to Granite of $278 million, or $(6.36) per diluted share, primarily due to a $360 million non-operating loss on convertible debt transactions tied to its 3.75% convertible notes. For the first six months, revenue grew to $2.37 billion from $1.83 billion, with adjusted EBITDA up to $244 million from $180 million and operating cash flow rising to $142 million from $5 million. Granite raised 2026 revenue guidance by $100 million to a range of $5.3–$5.5 billion while keeping targets for adjusted EBITDA margin, SG&A ratio, tax rate and capital expenditures unchanged.
Granite (NYSE: GVA) subsidiary Memphis Stone & Gravel has opened its new six-acre River Yard aggregate sales facility in Memphis, Tennessee. Located on the Mississippi River, it receives limestone by barge from Warren Paving’s Slats Lucas Quarry, enabling Memphis Stone & Gravel to re-enter the stone market and broaden Granite’s Southeast materials portfolio from July 2026.