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) announced it achieved CMMC Level 2 on December 8, 2025, enhancing its ability to serve federal clients and handle Controlled Unclassified Information (CUI).
Granite reported a perfect assessment result: passing all 110 security requirements and meeting 320 assessment objectives. The company is among fewer than 500 firms certified so far out of an anticipated 80,000 federal contractors. The CMMC rollout requires many new federal contracts to demand certification as of November 10, 2025, and all Department of War contracts must hold the appropriate certificate by October 31, 2026. Granite said the certification positions it to continue bidding on high-value federal contracts.
Granite (NYSE: GVA) reported Q3 2025 results: revenue $1.43B (+12% YoY), net income $103M (+30% YoY, $1.98 diluted EPS) and adjusted net income $124M (+36% YoY, $2.70 adjusted EPS). Adjusted EBITDA rose to $216M (+44% YoY). Record CAP (Committed and Awarded Projects) reached $6.3B, up $273M sequentially. Materials segment drove margin gains: Materials gross profit +111% YoY to $68.2M. YTD operating cash flow was $290M. 2025 guidance narrowed: revenue now $4.35B–$4.45B; adjusted EBITDA margin raised to 11.50%–12.50%; SG&A ~9.0% of revenue; capex ~ $130M.
Granite (NYSE:GVA) was selected by the Illinois Department of Transportation for a Construction Manager/General Contractor (CM/GC) contract for the I-290 Drainage Improvements Project in Chicago.
Key project facts: 3.3 miles of new trunk sewer (up to 90 inches), new detention systems, one reconstructed bridge, and multiple retaining walls. The project is federally funded, will be included in Granite’s third quarter CAP, and pairs Granite’s Midwest Region with its Tunnel Division.
Timeline and value: Preconstruction begins November 2025, construction $350 million expected to start Q1 2027 and complete Q4 2029. This is IDOT’s first CM/GC contract and part of a proposed $6 billion I-290 corridor program.
Granite (NYSE:GVA) was awarded a $70 million Guaranteed Maximum Price work package (GMP 4) by the Tucson Airport Authority for Tucson International Airport as part of an estimated $400 million multi-year Airfield Safety Enhancement Program. GMP 4 covers construction of a third full commercial runway, plus concurrent taxiway work to meet FAA safety standards. Granite’s Swan Plant, within five miles of TUS, will supply 77,000 tons of cement treated base and 135,000 tons of concrete aggregates. Work began in August 2025 with expected completion in December 2026.
Granite (NYSE: GVA) will release financial results for the quarter ended September 30, 2025 before market open on Thursday, November 6, 2025.
The company will host an investor conference call at 8:00 a.m. PT on November 6, 2025 with a live audio webcast at investor.graniteconstruction.com and dial-in access at 1-877-328-5503 (U.S.) or 1-412-317-5472 (international).
An archive of the webcast will appear about one hour after the call and a replay will be available through November 13, 2025 via 1-855-669-9658 (replay access code 5808113) or 1-412-317-0088 (international).
Granite (NYSE:GVA) began construction in October 2025 on an approximately $138 million rehabilitation of the historic Lake Street double-deck trunnion bascule bridge in Chicago, awarded by the Chicago Department of Transportation (CDOT) and added to Granite’s first quarter CAP.
The scope includes full replacement of the double-deck bridge, substructure rehabilitation, replacement of upper-level CTA tracks, mechanical and electrical upgrades, and restoration of historic bridge houses while preserving architectural character. Off-site construction of new bridge leaves will use separate "float-in" moves during two planned 12-day CTA Green and Pink Line outages in Fall 2026 and Spring 2027. Work is expected to complete in December 2027, and one bridge leaf must remain operational per federal and U.S. Coast Guard requirements.
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.