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Granite Construction Inc. - GVA STOCK NEWS

Welcome to our dedicated news page for Granite Construction (Ticker: GVA), a resource for investors and traders seeking the latest updates and insights on Granite Construction.

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.

News
Granite Unveils State-of-the-Art Aggregate Plant
Rhea-AI Summary
Granite (NYSE:GVA) has completed its first fully automated aggregate plant in Tucson, Arizona, showcasing the company's commitment to technological advancement and sustainable production practices. The Swan plant, which commenced construction in May 2023, demonstrates Granite's dedication to leveraging automation to improve operations and overcome workforce challenges. This investment allows Granite to produce aggregates cost-effectively while minimizing the need for night and weekend shifts. The company's enhanced production capabilities and operational flexibility position it as an industry leader, ready to meet the evolving demands of the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
none
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News
Granite Recognized as One of Newsweek’s America’s Most Responsible Companies
Rhea-AI Summary
Granite (GVA) has been recognized by Newsweek as one of America’s Most Responsible Companies in 2024. The company ranked 56th overall out of 600 companies and fifth in its industry. The analysis focused on the top 2000 public companies by revenue and banks and insurance companies with total assets exceeding $50 billion. The ranking considers all three pillars of ESG: Environment, Social, and Corporate Governance, based on KPI research and a public survey. Granite CEO, Kyle Larkin, expressed gratitude for the recognition, highlighting the company's commitment to positive change and responsible leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
none
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News
Granite Declares Quarterly Dividend
Rhea-AI Summary
Granite Construction Incorporated (NYSE: GVA) declares a quarterly cash dividend of $0.13 per common share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
dividends
News
Granite and Veracio Aim to Revolutionize Mining Industry
Rhea-AI Summary
Granite (GVA) and Veracio Partner to Transform Drill Hole Data Analytics
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
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none
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News
Granite Announces Acquisition of Lehman-Roberts Company and Memphis Stone & Gravel Company
Rhea-AI Summary
Granite Construction Incorporated (NYSE: GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, expanding its footprint in the greater Memphis metropolitan market. The acquisition is expected to increase the company's 2024 revenue target to a range of $3.8 billion to $4.0 billion. The acquisition was financed through a new term loan of $150 million, with the remainder funded through Granite's existing revolver and cash on hand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
acquisition
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News
Granite's Alaska Region Wins 2023 ConocoPhillips Excellence in Safety Award through the AGC of Alaska
Rhea-AI Summary
Granite (NYSE:GVA) receives ConocoPhillips Excellence in Safety Award from AGC of Alaska, demonstrating commitment to safety and health. The award recognizes Granite's excellence in safety practices, including upper management commitment, worker training, active company-wide participation, and innovative safety practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
none
News
Granite’s Handley Ranch Quarry Recognized for Excellence in Safety with 2023 CalCIMA Award
Rhea-AI Summary
Granite (GVA) Receives 2023 CalCIMA Excellence in Safety Award for Handley Ranch Quarry
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
none
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News
Granite Joint Venture Continues to Win Contracts for Major Bridge Rehabilitation Project in Sacramento
Rhea-AI Summary
Granite (NYSE:GVA) has been awarded a $131 million contract by the California Department of Transportation for the American River Bridge Rehabilitation Construction Manager/General Contractor (CM/GC) project in Sacramento, California. The project includes the replacement of the existing bridge deck, protection of the abutments and piers from scour, and the construction of a multimodal connection between downtown and eastern Sacramento. The contract is part of Granite's second-quarter 2023 CAP and is expected to be completed in the first quarter of 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
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News
Granite Continues Airfield Safety Enhancement Program at Tucson International Airport
Rhea-AI Summary
Granite (NYSE:GVA) has been awarded a $12 million contract by the Tucson Airport Authority (TAA) for the Airfield Safety Enhancement Program at Tucson International Airport. The contract is part of a $130 million multi-year Construction Manager at Risk project. The majority of funding will come from the Federal Aviation Administration (FAA). Granite will handle the demolition of Runway 11R/29L and construct a new runway, 12/30. The scope of work includes demolition, earthwork, storm drain, and fencing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
none
News
Granite Reports Third Quarter 2023 Results
Rhea-AI Summary
Granite Construction Incorporated (NYSE: GVA) reported Q3 revenue of $1.1 billion, an 11% increase YoY. The company's net income was $58 million, or $1.13 per diluted share, compared to $69 million, or $1.36 per diluted share, in the same period last year. Adjusted net income was $75 million, or $1.69 per diluted share, compared to $57 million, or $1.28 per diluted share, in the prior year. Operating cash flow increased by $153 million sequentially. The company's CAP reached a record of $5.6 billion, a sequential increase of $147 million and a YoY increase of $1.5 billion. The company's 2023 guidance and 2024 targets remain unchanged.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.98%
Tags
earnings
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Granite Construction Inc.

NYSE:GVA

GVA Rankings

#1736 Ranked by Market Cap
#1894 Ranked by Stock Gains
#1837 Ranked by Dividends

GVA Stock Data

2.43B
43.52M
0.89%
108.27%
9.47%
Highway, Street, and Bridge Construction
Construction
Link
US
Watsonville

About GVA

since 1922, granite has continued a long-standing commitment to our clients at the private, local, state, and federal level, providing award-winning infrastructure and heavy civil construction services in mining, earthwork, water/sewer, power, tunneling, rail, highway and bridge construction. granite continues to be an industry pioneer in alternative project delivery (design-build, cmar/cmgc, best value) establishing true partnerships with both the owner and designer to guarantee a cohesive project team. granite constructs approximately $800 million of apdm projects annually, and has completed over $12 billion in alternative procurement projects in the last decade. headquartered in watsonville, ca, granite construction, inc is publicly traded on the new york stock exchange (nyse: gva). disclaimer regarding official "granite"​ job postings: all open positions available with granite construction inc., and its subsidiary companies, are available to apply on www.graniteconstruction.com/car