Granite Construction Inc. (GVA) is one of the leading infrastructure contractors and construction materials producers in the United States. Founded in 1922 and based in Watsonville, California, the company has a rich heritage of delivering complex infrastructure projects across diverse markets.
Granite Construction prides itself on tackling challenging projects, no matter the size, location or complexity. The company carries out various heavy civil infrastructure projects, including transportation, power, tunneling, industrial mining, water supply, and treatment facilities, to name a few. Some notable projects undertaken by Granite include the Los Angeles International Airport, the Hoover Dam Bypass and the iconic San Francisco-Oakland Bay Bridge.
One key aspect contributing to Granite's impressive portfolio is its commitment to sustainability. The company remains focused on the responsible use of resources and is invested in lowering carbon emissions, water conservation, and waste reduction. This commitment is reflected in numerous accolitydes and awards for their sustainable business practices.
The company's durability speaks to its strong financial performance. Granite is publicly traded on the New York Stock Exchange under the ticker symbol "GVA". Over the years, the company has demonstrated a consistent track record of profitability and growth. Moreover, Granite has shown a strong focus on delivering shareholder value, frequently offering returns in the shape of dividends.
Granite Construction also has a substantial footprint in the construction materials segment. The company produces aggregates, asphalt, and concrete essential for its infrastructure projects and external sales, thereby controlling the quality of materials from quarry to the construction site. This vertical integration is one significant strategic advantage of the company, contributing to its overall growth and profitability.
Equally important to Granite's success is its investment in its workforce. The company values a culture that encourages teamwork, innovation, and continuous learning. Its commitment to the safety, health, and professional development of its employees is highly regarded in the industry.
Lastly, the company's commitment to community service is noteworthy. Granite Construction often participates in volunteer work, donates construction materials to local organizations, and finances numerous educational and community programs.
In summary, Granite Construction Inc. is a thriving infrastructure contractor and construction materials producer with a century-long legacy of delivering complex projects, championing sustainability, and contributing positively to communities where it operates. Its steady profits, extensive experience, and strong workforce are testament to its continued resilience and success in the industry.
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Granite Construction (GVA) has secured three new infrastructure contracts valued at nearly $120 million and increased its 2026 revenue outlook, drawing significant investor attention. Despite recent stock gains and strong longer-term returns, the company's shares are considered 27% undervalued by analysts, trading below the consensus fair value of $171.67. This valuation reflects caution regarding materials margin volatility and public funding risks, even as the business projects higher cash flow and improved margin guidance.
Granite Construction (GVA) stock has experienced a 6-day winning streak, increasing 21.1% and adding approximately $989 million to its market value, now at about $5.7 billion. This surge occurred while the S&P 500 saw a slight decline. Despite strong revenue growth over the last year, the company's operating margin remains below the S&P 500 Industrials median.
Granite Construction reported record third-quarter revenue and gross profit, driven by strong project execution and a record $7.5 billion in committed and awarded projects (CAP). The company targets a 10-12% organic revenue CAGR through 2029, focusing on public infrastructure, federal, rail, and mission-critical infrastructure markets, while aiming for a 14-16% adjusted EBITDA margin by 2029 through disciplined project selection, pricing, and vertical integration. Management highlighted successful strategic capital investments in materials and automation, with plans for continued acquisitions and an updated 2026 revenue guidance of $5.4-$5.5 billion.
Granite Construction Incorporated (NYSE: GVA) published its 2026 Q3 earnings call presentation. The company reported an EPS of $3.81, beating estimates by $0.48, and revenue of $1.77 billion, surpassing expectations by $67.90 million with a 23.22% year-over-year increase. This release provides insights into the company's financial performance for the quarter.
Granite Construction Inc. (GVA) reported third-quarter earnings of $3.2 million, translating to 7 cents per share. Adjusted for non-recurring costs, earnings were $3.81 per share, with the company posting revenue of $1.77 billion for the period. The contractor and construction materials producer projects full-year revenue to be between $5.4 billion and $5.5 billion.
Granite Construction has been awarded a $16 million SR 202 Widening and Trestle Replacement Project Phase B in Woodinville, Washington, which will utilize its in-house asphalt and aggregate facilities. This contract, alongside a previous USACE award, demonstrates the company's ability to secure projects leveraging its vertically integrated materials platform. While the SR 202 project provides future workload visibility, its financial impact is minor on its own, with execution on margins and managing costs remaining key factors for Granite Construction's near-term outlook.