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 (NYSE:GVA) received three prestigious awards from the National Stone, Sand, and Gravel Association (NSSGA) in 2020, including two for Environmental Excellence and one for Community Relations. The Environmental Excellence Awards were given to Granite’s Palmer Facility in Anchorage, Alaska, and Lockwood Quarry in Sparks, Nevada, highlighting their commitment to sustainable operations. The Community Relations Award was presented to Rowley Quarry in Yakima, Washington, recognizing its engagement with the local community through various activities. Granite emphasizes that these achievements reflect their core values of sustainability and community involvement.
Granite (NYSE:GVA) has secured the El Portal Pedestrian Rail Undercrossing project in Encinitas, California, with a contract worth $7 million. This project, awarded by the San Diego Association of Governments (SANDAG), will be reflected in Granite's financial backlog for Q3 2020. Scheduled construction will commence in fall 2020 and is expected to finish by spring 2022. The undercrossing will enhance pedestrian and cyclist safety, linking important local attractions and minimizing disruptions to rail traffic.
Granite Construction (NYSE: GVA) has appointed Kyle T. Larkin as President and Principal Executive Officer, effective September 22, 2020. Larkin, who has been with the company since 1996, will succeed James H. Roberts, who is retiring after decades of service. The board expressed confidence in Larkin's leadership, emphasizing his strategic focus and experience in various roles within the company. Roberts will remain to ensure a seamless transition as Chief Executive Officer Emeritus.