Granite Constr Inc Stock Price, News & Analysis

H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as executive vice president and chief operating officer, effective March 7, 2022. Mastin, with over 30 years in manufacturing and distribution, succeeded Ted Clark, who will transition to a strategic advisory role. This succession aims to ensure continuity in H.B. Fuller’s strategic plan, which has driven notable growth. Mastin’s previous role as CEO of PetroChoice positions her to enhance operational leadership and further propel the company’s growth and profitability.

Granite (NYSE:GVA) has announced that its Salinas Asphalt Facility has received certification as a Green Business from Monterey County and the California Green Business Network. This facility is the third from Granite to achieve this designation, highlighting the company's commitment to sustainability. Each year, Granite recycles over one million tons of asphalt and concrete in California, with the Salinas facility contributing more than 50,000 tons. The facility implements various eco-friendly measures, including water conservation and the use of non-toxic products.

Granite Construction (NYSE: GVA) is set to release its fourth quarter and annual 2021 financial results on February 25, 2022, before the market opens. An investor conference call will follow at 8:00 a.m. PT, providing an opportunity for investors to gain insights into the company's performance. The call will be accessible via a live audio webcast on Granite's Investor Relations website or by telephone. A replay of the call will be available until March 3, 2022.

Granite (NYSE:GVA) received 72 awards from the National Asphalt Pavement Association (NAPA), recognizing excellence in plant and paving operations across six states. The honors were awarded at NAPA's 67th annual meeting in Scottsdale, Arizona. Notable accolades include 46 Diamond Commendations and 26 Quality in Construction (QIC) Awards, underscoring the company's commitment to quality, safety, and sustainability. Granite's achievements showcase its leadership in asphalt practices and dedication to compliance, reflecting positively on its operational standards.

Granite (NYSE:GVA) has been awarded the 2021 ConocoPhillips Excellence in Safety Award in the Highway Division by the Associated General Contractors of Alaska. This recognition highlights Granite's commitment to construction safety, achieved through significant efforts in 2021, including onboarding 190 craft employees and completing 33 projects across over 60 sites, totaling more than 300,000 work hours. Senior VP Dave Hulverson emphasized the team's dedication to fostering a world-class safety culture.

Granite (NYSE:GVA) announced a $16.5 million construction manager contract for the 5600 South Design Build project by the Utah Department of Transportation. The total project value is $155 million, with Granite's share at $93 million (60%). The scope includes widening 5600 South in Roy, Utah, constructing six bridges, and utilizing around 85,000 tons of hot mix asphalt. The construction manager phase starts in February 2022, with overall construction anticipated to begin in Q2 2023. This marks a continuation of Granite's successful partnership with UDOT.

Granite Construction Incorporated (NYSE: GVA) has announced a quarterly cash dividend of $0.13 per common share, payable on April 14, 2022, to shareholders recorded by the close of business on March 31, 2022. As a leading diversified construction and construction materials company in the U.S., Granite emphasizes high ethical standards and industry leadership in safety and sustainability.

Granite Construction Incorporated (NYSE: GVA) has entered into a definitive agreement to sell its trenchless and pipe rehabilitation business, Inliner, for $159.7 million. The company plans to divest its Water Resources and Mineral Services operations, categorizing them as discontinued as of December 31, 2021. Granite also increased its share repurchase program from $157 million to $300 million, aiming to enhance liquidity and return value to shareholders. Additionally, the company has reorganized its operating groups to streamline efficiencies and align with its core civil construction business.

Granite (NYSE:GVA) has secured a $16 million contract for the Eastside Rail Corridor Regional Trail NE 8th Street Crossing project in Bellevue, Washington. Funded by King County and Sound Transit, the project is part of the Eastrail program aimed at converting abandoned railroads into trails. The work includes constructing a pedestrian bridge and enhancing pedestrian access. Project commencement is scheduled for March 2022, with completion expected by June 2023.