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. 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) secured a contract worth approximately $24 million from San Bernardino County to replace aging bridges along Route 66 in Amboy, California.
Funding comes from state and federal sources and will be reflected in Granite’s third quarter CAP. Construction is expected to begin in December 2025 and complete in April 2027. Granite’s Desert Cities asphalt plant will supply 3,400 tons of hot mix asphalt. The project targets structures that do not meet current load-bearing standards and aims to improve safety, reliability, and resilience on the route between 29 Palms and Las Vegas, serving access to the Mojave National Preserve.
Granite (NYSE: GVA) subsidiary Centennial Aggregate Inc. acquired Cinderlite Trucking Corporation in Carson City, Nevada, effective October 6, 2025. The acquisition adds approximately 100 million tons of aggregate resources and an annual production capacity of approximately 975,000 tons. Cinderlite operates five aggregate yards and one recycling yard and includes an established aggregate transportation fleet. Management says the deal aligns with Granite’s northern Nevada home market strategy and follows recent acquisitions including Warren Paving and Papich Construction. Granite plans to fund acquisitions using cash generation and its credit facility.
Granite (NYSE:GVA) has secured a $39 million contract from the U.S. Army Corps of Engineers for Reach 6 of the Pajaro River Flood Risk Management Project in Watsonville, California. The project involves constructing 2.6 miles of flood risk management levees and 1,500 ft of floodwalls along Corralitos Creek.
The construction scope includes approximately 111,600 cubic yards of compacted fill, with Granite's facilities providing 5,550 tons of hot mix asphalt and 10,000 tons of baserock. The project, set to begin in Fall 2025 and complete in October 2027, represents the first of five planned reaches in the broader flood protection initiative.
Granite (NYSE:GVA) has maintained its position as the #1 ranked company in Highways on Engineering News-Record's (ENR) 2025 Top Contractors List for the fifth consecutive year. The recognition highlights Granite's continued leadership in the highways sector and its broader construction capabilities.
The company also secured notable rankings across multiple categories, including #3 in Domestic Heavy Contractors, #4 in both Sanitary and Storm Sewers and Transportation, and strong positions in sectors such as dams, water supply, mining, mass transit, bridges, airports, and petrochemical plants.
Granite (NYSE:GVA) has received multiple prestigious awards from the National Stone, Sand & Gravel Association (NSSGA) at their Legislative & Policy Forum in Washington DC. The company earned the Louis Griesemer Sterling Safety Award in Silver for outstanding safety performance, along with 10 Awards of Excellence across Community Relations and Environmental Excellence categories.
The Environmental Excellence Awards were granted to several Granite facilities, with the Solari Facility achieving both Platinum and Gold recognition. The Big Rock Aggregates Plant, Santa Barbara Construction & Demolition Facility, and Felton Quarry & AC Facility received Silver awards. Additionally, three facilities - Highway 175 Facility, Felton Quarry & AC Facility, and Handley Ranch Quarry - earned Bronze Community Relations Excellence Awards.
Granite (NYSE:GVA) has announced a quarterly cash dividend of $0.13 per common share. The dividend will be paid on October 15, 2025, to shareholders of record as of the close of business on September 30, 2025.
Granite (NYSE: GVA) has appointed J. Timothy Romer to its Board of Directors, effective September 8, 2025. Romer brings nearly 40 years of experience in finance and infrastructure, having held senior positions at Goldman Sachs and Merrill Lynch for 30 years. He also served as a partner at Foundation Credit and held CEO/CFO roles in software and climate technology companies.
Romer will serve on both the Audit/Compliance Committee and the Risk Committee of the Board. He holds an MBA from Wharton School and a B.S. in Industrial Engineering from Stanford University.
Granite (NYSE:GVA) announced that its subsidiary, Layne, has secured a $13 million contract from Lewis and Clark Regional Water System (LCRWS) to construct two high-capacity horizontal collector wells near Vermillion, South Dakota. The wells will have a combined capacity of 50 million gallons per day (MGD) of raw water supply.
Each well will feature 16-foot inner diameter concrete caissons reaching approximately 135 feet in depth. The project follows Layne's successful 2021 construction of LCRWS's first collector well, which produces over 20 MGD. Construction is scheduled to begin in September 2025 with completion expected in June 2028.
Granite Construction (NYSE: GVA) reported strong Q2 2025 results with revenue increasing 4% year-over-year to $1.13 billion. The company's Q2 diluted EPS rose 87% to $1.42, while adjusted diluted EPS grew 12% to $1.93.
Key highlights include record Committed and Awarded Projects (CAP) reaching $6.1 billion, a sequential increase of $324 million. The company announced two strategic acquisitions: Warren Paving in the Southeast and Papich Construction in California, leading to raised 2025 guidance with revenue now expected between $4.35-4.55 billion and adjusted EBITDA margin of 11.25-12.25%.
The Materials segment showed particularly strong performance with revenue up 14.6% and gross profit increasing 54.9% year-over-year, driven by higher aggregates and asphalt volumes and improved pricing.
Granite (NYSE: GVA) has completed two strategic acquisitions for a combined $710 million, strengthening its vertically-integrated home markets. The company acquired Warren Paving, a leading aggregates producer in the Southeast, and Papich Construction, enhancing Granite's position in California.
The acquisitions are expected to contribute $425 million in annual revenue with an 18% adjusted EBITDA margin. Warren Paving adds over 400 million tons of aggregate reserves and a fleet of 168 barges, while Papich Construction brings infrastructure expertise and multiple quarries and asphalt plants.
The transactions were financed through a $600 million term loan, $100 million cash, and $10 million from an upsized revolver, maintaining a pro forma net leverage ratio below the 2.5x target.