Granite Construction Inc. filings document formal disclosures for a public infrastructure contractor and construction materials producer. Recent Form 8-K reports furnish operating and financial results, including revenue, earnings measures, adjusted EBITDA, Committed and Awarded Projects, guidance, and completed acquisition activity tied to the company’s vertically integrated regional markets.
The company’s proxy and material-event filings also cover governance and capital-structure subjects, including director elections and appointments, board committee service, director independence, indemnification arrangements, executive and director compensation, shareholder meeting matters, material agreements, and related risk and compliance oversight for its construction and materials operations.
Granite Construction Incorporated has priced a private offering of $600.0 million aggregate principal amount of 6.375% senior notes due 2034. The notes will be guaranteed by certain existing and future domestic subsidiaries that are borrowers or guarantors under Granite’s credit facility, subject to exceptions.
Granite plans to use the net proceeds, along with cash on hand and amounts received from unwinding capped call transactions, to redeem all outstanding 3.75% Convertible Senior Notes due 2028, settle any related conversions, and, if proceeds remain, repay borrowings under its revolving credit facility and for general corporate purposes.
Granite Construction Incorporated plans a private offering of $600.0 million aggregate principal amount of senior notes due 2034. These unsecured notes will be guaranteed by certain domestic subsidiaries that are borrowers or guarantors under Granite’s existing credit facility.
Granite intends to use the net proceeds, together with cash on hand and any amounts received from unwinding capped call transactions, to redeem and settle its outstanding 3.75% Convertible Senior Notes due 2028. Any remaining proceeds may be used to repay borrowings under its revolving credit facility and for general corporate purposes. The company also expects to terminate related capped call transactions and receive value based on their fair market value at the time of unwind.
Granite Construction (GVA) grew revenue but remained unprofitable in early 2026. For the quarter ended March 31, 2026, revenue rose to $912.5 million from $699.5 million a year earlier, driven by strong public-sector work and recent acquisitions in both Construction and Materials.
Despite higher sales, Granite reported a net loss attributable to shareholders of $41.7 million, versus a $33.7 million loss last year, with diluted loss per share widening to $0.96 from $0.77. Construction gross profit increased on better project execution, while the Materials segment swung from a small loss to a profit helped by acquisitions.
The company ended the quarter with $3.8 billion of unearned revenue and total Committed and Awarded Projects (CAP) of $7.2 billion, mostly public work, providing multi‑year visibility. Granite also executed a cash-settled exchange of $100 million of 3.75% convertible notes for $289.7 million, recorded inducement and related charges, and now has both its 3.25% and 3.75% convertible notes temporarily convertible. After quarter‑end it agreed to acquire Kenny Seng Construction for $164.1 million and drew $170 million on its revolving credit facility to help fund the deal.
Vanguard Capital Management reports beneficial ownership of 2,286,883 shares of Granite Construction Inc, representing 5.25% of the class as of 03/31/2026. The filing shows sole voting power for 333,973 shares and sole dispositive power for 2,286,883 shares. The entry states this position reflects securities beneficially owned by Vanguard Capital Management LLC and affiliates (per SEC Release No. 34-39538).
Granite Construction Incorporated reported strong top-line growth for the first quarter of 2026 but remained unprofitable on a GAAP basis. Revenue rose 30% year-over-year to $912 million, driven by both the construction and materials segments, with construction revenue up 24.6% and materials revenue up 72.4%.
The company posted a net loss attributable to Granite of $42 million, or $(0.96) per diluted share, compared with a $34 million loss, or $(0.77) per share, a year earlier. However, adjusted net income improved sharply to $12 million, or $0.26 per diluted share, versus $0.2 million, or $0.01, in the prior-year quarter.
Adjusted EBITDA more than doubled to $58 million from $28 million, reflecting better profitability after excluding items such as stock-based compensation and acquisition-related costs. Committed and Awarded Projects increased sequentially by $200 million to a record $7.2 billion, including $640 million of U.S. Customs and Border Protection tactical infrastructure projects expected to be largely realized over 2026 and 2027.
Granite also completed the acquisition of Kenny Seng Construction on April 23, 2026, expanding its vertically integrated home market in Utah. Based on first-quarter performance and recent awards, the company raised its 2026 guidance, now expecting revenue between $5.2 billion and $5.4 billion, higher adjusted EBITDA margins of 12.25% to 13.25%, and lower SG&A as a percentage of revenue.
Granite Construction Inc ownership filing: Vanguard Portfolio Management reports beneficial ownership of 2,437,072 shares of Common Stock, representing 5.60% of the class as of 03/31/2026. The filing shows sole dispositive power over 2,437,072 shares and sole voting power of 35,548 shares. The disclosure notes holdings include shares held for Vanguard funds and managed accounts and is signed by Vanguard's Head of Global Fund Administration on 04/29/2026.
Granite Construction Incorporated ended 2025 with a record $7.0 billion in Committed and Awarded Projects (CAP) and a transformed Materials segment driving profitability and cash generation. Materials segment revenue reached $1,177 million in 2025 with 33.1 million tons sold and $202 million in cash gross profit. Management cites disciplined bidding, vertical integration, margin-accretive acquisitions (including Warren Paving) and a strong balance sheet as the basis for 2027 targets: 6%-8% organic revenue CAGR, 12.5%-14.5% adjusted EBITDA margin and 9.5%-11.5% operating cash flow margin. The filing also reports 43,503,673 shares outstanding as of February 6, 2026 and an aggregate market value of non-affiliate equity of $4.1 billion as of June 30, 2025.
Granite Construction Incorporated is asking shareholders to vote at its virtual 2026 Annual Meeting on June 4, 2026. The agenda includes electing three directors for terms expiring at the 2029 meeting, an advisory “Say on Pay” vote on compensation for Named Executive Officers, and ratification of PricewaterhouseCoopers LLP as independent auditor for the year ending December 31, 2026.
The proxy describes a staggered nine‑member board, detailed committee structure, board refreshment policies with age and term limits, and an executive pay program built around market‑median targeting, annual cash incentives tied to adjusted EBITDA, operating cash flow and safety metrics, and long‑term equity incentives based on relative total shareholder return and capital efficiency.
Granite Construction Inc. President & CEO Kyle T. Larkin sold 38,675 shares of common stock in open-market transactions. The sales occurred on March 27 and March 30, 2026 at weighted-average prices generally between about $115 and $119 per share. According to a footnote, the 38,675-share sale was executed automatically under a Rule 10b5-1 trading plan that Larkin adopted on December 3, 2025. After these transactions, he directly holds 102,857 shares of Granite Construction common stock.
Granite Construction Inc.'s Chief Financial Officer, Staci M. Woolsey, reported an open-market sale of 3,501 shares of common stock at $118.58 per share. The transaction occurred on March 27, 2026 and was executed automatically under a Rule 10b5-1 trading plan adopted on December 10, 2025.
Following this sale, Woolsey directly holds 11,017 shares of Granite Construction common stock, indicating she retains a substantial equity stake after this pre-planned disposition.