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 (GVA) delivers essential infrastructure solutions through heavy civil construction and innovative project delivery methods. This news hub provides investors and industry professionals with direct access to the company's official announcements, financial disclosures, and operational updates.
Discover timely information on quarterly earnings, major project awards, and strategic initiatives that shape GVA's position in transportation, water infrastructure, and materials markets. Our curated collection includes regulatory filings, leadership updates, and partnership announcements critical for assessing the company's market trajectory.
Key updates cover public sector contracts, safety milestones, and sustainability efforts across Granite's nationwide operations. Bookmark this page to monitor developments in design-build projects, materials innovations, and compliance with evolving infrastructure regulations.
Granite (NYSE:GVA) secured a $25 million contract to retrofit offsite infrastructure near the Ontario International Airport. The project includes constructing nine logistics buildings totaling 4,263,000 square feet. Granite will upgrade water, sewer, and drainage systems, along with other utilities and street improvements. The company aims to finish the project by August 2025.
Granite, a leading company in the construction industry, has expanded its presence in the Inland Empire, California, by opening a new office in Ontario. This strategic move highlights Granite's commitment to the region and its goal of securing more projects in the area. With a focus on enhancing local infrastructure, fostering client relationships, and contributing to the region's growth, Granite's investment in the Inland Empire is a positive step towards economic development and community support.
Granite Construction Incorporated (NYSE: GVA) reported first quarter 2024 results with a 20% year-over-year revenue increase to $672 million. Adjusted diluted EPS stood at $(0.21), while operating cash flow rose $101 million to $24 million. The company reorganized operations to align leadership with reportable segments. Despite a net loss of $31 million, revenue, gross profit, and adjusted EBITDA all saw positive growth compared to the prior year.
Granite (NYSE:GVA) published its 2023 Sustainability Report, emphasizing social responsibility, environmental stewardship, and governance. Aligned with SDGs, GRI, SASB, and TCFD, the report showcases partnerships to achieve sustainability goals. Highlights include safety milestones, emissions reduction targets, energy efficiency investments, and industry commendations.
Granite (NYSE:GVA) secured a $31 million subcontract from Skanska USA for a highway project in Bothell, WA. The project will improve I-405 with increased ETL capacity, direct access ramps, and enhanced transit connections. Granite aims to support WSDOT and Western Washington's transportation needs.
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