Granite Construction reports Q2 earnings at 6:45 AM ET with investors tracking whether the heavy civil construction leader is converting federal infrastructure funding into project wins and margin expansion.
Granite Construction :
GVA
GVA
Stock Data
$128.27
$6.67 (5.49%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
ENGINEERING & CONSTRUCTION
Granite Construction Inc is a leading infrastructure contractor based in Watsonville, California, with a rich history dating back to 1922. The company specializes in a wide range of construction projects, including roads, bridges, airports, and water-related constructions like dams and reservoirs. It operates through two main segments: Construction, focusing on public and complex infrastructure projects, and Materials, dedicated to producing construction materials such as aggregates and asphalt. Granite Construction serves a diverse clientele, including federal and state agencies, local authorities, and private sector clients, emphasizing its role in building and rehabilitating critical infrastructure across the United States.
Latest Activity
Granite Construction missed earnings on margin pressure from severe weather in its Materials segment, but beat revenue estimates and lifted full-year guidance by $100 million to $5.3 billion to $5.5 billion as its project backlog surged to a record $7.4 billion.
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