Welcome to our dedicated page for Granite Constr news (Ticker: GVA), a resource for investors and traders seeking the latest updates and insights on Granite Constr stock.
Granite Construction Inc. (NYSE: GVA), known as Granite, regularly issues news updates that reflect its role in U.S. transportation and civil infrastructure. Company announcements highlight contract awards, project milestones, financial results, certifications, and corporate actions that are relevant to investors, industry participants, and stakeholders following GVA stock.
News items show Granite’s involvement in highway expansion, bridge rehabilitation, commuter rail improvements, and airport airfield projects. Examples include a highway improvement contract on State Route 49 in Nevada County, California, bridge replacements along historic Route 66 in San Bernardino County, rehabilitation of the Lake Street Bascule Bridge in Chicago, and runway and airfield work at Tucson International Airport. These stories illustrate how Granite’s construction and materials capabilities are applied across roads, bridges, rail, and aviation infrastructure.
Granite’s news flow also covers financial and corporate developments. The company reports quarterly earnings, including segment performance for its Construction and Materials segments and changes in Committed and Awarded Projects (CAP). Releases may include updates on acquisitions, such as the purchase of Warren Paving and related entities, and financing arrangements like amendments to its credit agreement. Dividend declarations and board or executive changes are also disclosed through news and related SEC filings.
Another category of news involves certifications and compliance milestones. For example, Granite has announced achieving Cybersecurity Maturity Model Certification (CMMC) Level 2, a requirement for certain federal contractors handling Controlled Unclassified Information. This type of update signals the company’s readiness to pursue and execute federal infrastructure work that requires specific cybersecurity standards.
Investors and observers who follow Granite’s news can track how new contracts, project awards, acquisitions, and certifications contribute to the company’s project pipeline and operational profile. The GVA news page aggregates these announcements in one place, making it easier to review recent developments in Granite’s construction, materials, and corporate activities.
Granite Construction (NYSE: GVA) will release its first quarter 2021 financial results on May 7, 2021, before market opens. An investor conference call is scheduled for 8:00 a.m. PT on the same day. Investors can access a live audio webcast on Granite's Investor Relations website. The company is recognized as one of the largest diversified construction firms in the U.S. and emphasizes safety, quality, and sustainability in its operations. For further details, the full press release is available online.
Granite (NYSE:GVA) has secured the Intermodal Ethanol Transfer Facility project from Eco-Energy Distribution in Stockton, California. This contract is expected to be part of Granite's first quarter 2021 backlog. The project entails a new rail yard on 17 acres, accommodating 108 rail cars, and includes various construction works such as mechanical and electrical systems, stormwater controls, and site improvements. Construction is currently in progress, with an anticipated completion date of February 2022.
Granite (NYSE:GVA) has been awarded a $34 million contract by the Arizona Department of Transportation for the Tucson – Oracle Junction – Globe Hwy (SR77) project. This project involves rehabilitating nine miles of six-lane State Route 77, aimed at enhancing vital connectivity in the Tucson metropolitan area. The scope includes milling and replacing asphalt, storm drain extensions, and other improvements. Construction is set to begin in April 2021 and conclude by March 2023, utilizing materials supplied by Granite’s Tangerine Road Facility.
Granite Construction reported a net loss of ($145.1) million for FY 2020, reflecting a significant increase from a net loss of ($60.2) million in FY 2019. However, adjusted net income rose to $60.0 million, up from an adjusted net loss of ($27.2) million. Revenue grew 3.4% to $3.6 billion, with gross profit surging 55.5% to $344.8 million. Adjusted EBITDA rose to $189.7 million. Operating cash flow reached a record $268.5 million. The company anticipates low- to mid-single digit revenue growth for 2021.
Granite Construction (NYSE: GVA) has announced the record date for its 2021 Annual Meeting of Shareholders as April 12, 2021. The virtual meeting is set for June 2, 2021, at 10:30 a.m. PT. Granite, a leader in the construction and materials industry, focuses on transportation, water infrastructure, and mineral exploration. The company emphasizes ethical standards through its Code of Conduct and is recognized for its safety, quality, and sustainability efforts.
Granite Construction (NYSE: GVA) will announce its fourth quarter and full fiscal year 2020 financial results on March 30, 2021, prior to market opening. An investor conference call is scheduled for the same day at 8:00 a.m. PT, which will be accessible via a live audio webcast on their Investor Relations website. Granite is a prominent player in the construction sector, providing services in transportation and water infrastructure.
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Granite Construction Incorporated (NYSE: GVA) has received a notice from the NYSE indicating non-compliance with Section 802.01E due to its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2020. The company has until September 17, 2021, to file this report, with a potential extension of six months available at the NYSE's discretion. Granite emphasizes its commitment as a leading construction and materials provider in the U.S., focused on high ethical standards and safety.
Granite (NYSE: GVA) and Obayashi Corporation have secured a $42 million contract for the P3001 Standoff Weapons Complex at Andersen Air Force Base, Guam, awarded by NAVFAC PAC. This project involves expanding existing facilities and upgrading infrastructure to support missile assembly. Notably, Granite has executed 38 projects for the Department of Defense in Guam over the past decade. Construction is scheduled to begin this month and complete by March 2023, with a significant impact on Granite's financial backlog for Q1 2021.
Granite Construction has declared a quarterly cash dividend of $0.13 per common share, payable on April 15, 2021, to shareholders of record as of March 31, 2021. This announcement reflects Granite's commitment to returning income to shareholders while maintaining its position as a leading construction and materials company in the U.S. Incorporated in 1922, Granite operates in transportation, water infrastructure, and mineral exploration markets, emphasizing high ethical standards and sustainability.