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) has achieved a significant milestone as its AI learning platform, Granite Asphalt Guru, won the AGC Innovation of the Year Award at the AGC Annual Convention in Columbus, OH. The platform, presented by Daniel Mekis and Olivia McNary, showcases the company's commitment to technological advancement in infrastructure.
The Asphalt Guru platform leverages an extensive knowledge base comprising 900 pages of interview transcripts and thousands of documents, integrated with external data including OSHA injuries and DOT standards. The system has already served over 400 Granite employees, answering more than 1,000 questions through both its e-learning program and mobile access in the field.
Developed in partnership with StackAI, the platform preserves and shares valuable expertise from paving professionals, ensuring knowledge transfer to future generations in the construction industry.
Granite (NYSE:GVA) has secured an $80 million contract from the Texas Department of Transportation for upgrading FM 548 near Forney, TX. The project will convert the existing asphalt roadway from FM 548 north of US 80 to Windmill Farms Blvd into a concrete paved road with additional lanes and drainage improvements.
The scope includes over 200,000 square yards of 10" concrete pavement and 40,000 linear feet of new storm drain. The infrastructure upgrade aims to increase traffic capacity in Forney's busiest commercial area. Construction is scheduled to begin in July 2025 and complete in March 2027. The project will be included in Granite's first-quarter CAP and funded through state sources.
Granite Construction (NYSE: GVA) has scheduled its Q1 2025 financial results release for Thursday, May 1, 2025, before market opening. The company will host an investor conference call at 8:00 a.m. PT on the same day.
Investors can access the live audio webcast through Granite's Investor Relations website at investor.graniteconstruction.com. The call is also accessible via phone at 1-877-328-5503 (domestic) or 1-412-317-5472 (international). A webcast archive will be available approximately one hour after the call, and a replay will be accessible through May 8, 2025, using code 2269082.
Granite (NYSE:GVA) has achieved a prestigious 4-Star Employer recognition in the 2025 VETS Indexes Employer Awards, marking its continued excellence in supporting military veterans and their families. This achievement follows their previous 3-Star rating in 2023 and 4-Star rating in 2024.
The award acknowledges Granite's outstanding commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community. VETS Indexes President George Altman praised Granite's veteran employment program as a model for other organizations.
Since 2020, Granite's Talent Acquisition team has implemented a comprehensive veteran and transitioning military recruitment strategy, incorporating various military-centric partnerships and initiatives. Tim Gruber, EVP of Human Resources, emphasized the positive impact of veteran employees' values and skills on the organization.
Granite (NYSE:GVA) has announced its Board of Directors' decision to declare a quarterly cash dividend of $0.13 per common share. The dividend will be distributed to shareholders of record as of March 31, 2025, with the payment scheduled for April 15, 2025.
Granite (NYSE:GVA) has achieved a significant milestone by winning Handshake's Early Talent Award (ETA) for the fifth consecutive year, distinguishing itself among over 900,000 employers on the platform.
The award recognizes excellence in four key areas:
- Brand resonance
- Effective engagement through unique clicks per message
- Active participation in career fairs
- Strong student relationships via reciprocal messaging
Jessica Somers, Granite Director of Talent Acquisition, and Tim Gruber, SVP of Human Resources, emphasized the company's commitment to developing early talent and maintaining a best-in-class college recruitment program. This recognition reinforces Granite's dedication to shaping the construction industry's future workforce.
Granite (NYSE:GVA) and Obayashi 's joint venture has secured a $97 million contract from the Naval Facilities Engineering Command (NAVFAC) for enhancing Battery Energy Storage System (BESS) capabilities at Polaris Point, Guam.
The Department of Defense-funded project involves constructing a 17,000 square foot facility to house battery energy storage and a microgrid controller. The BESS will integrate with the existing electrical grid to provide clean power to future Naval facilities.
The project will be included in Granite's first-quarter CAP. Construction is scheduled to begin March 20, 2025, with completion expected in June 2028.
Granite (NYSE:GVA) has secured a $66 million contract from Caltrans for reconstructing the Caldwell Avenue interchange on SR99 in Visalia, California. The project, funded by state and federal sources, will be included in Granite's first-quarter CAP.
The scope encompasses construction of two new precast girder bridges: a two-span structure over SR99 and a single-span structure over UPRR tracks. The project includes building 12 retaining walls and four new on/off ramps with roundabouts. Additionally, 216,000 cubic yards of import borrow will be used for embankment widening.
Construction is scheduled to begin in August 2025 and complete in Q2 2027. The project also includes drainage system upgrades, pavement delineation, roadside signage, and highway electrical improvements.
Granite Construction (NYSE: GVA) reported strong Q4 and fiscal year 2024 results. Q4 revenue increased 5% to $977 million, while fiscal year revenue grew 14% to $4.0 billion. Q4 net income reached $41 million ($0.84 per diluted share), with adjusted net income of $56 million ($1.23 per diluted share).
The Construction segment saw revenue growth of 3.5% in Q4 and 14.1% for the full year, with significant gross profit margin improvements. The Materials segment revenue increased 11.4% in Q4 and 14.6% for the year. The company's Committed and Awarded Projects (CAP) stood at $5.3 billion.
For 2025, Granite projects revenue between $4.2-4.4 billion, with adjusted EBITDA margin of 11.0-12.0%. The company plans capital expenditures of $140-160 million, including $50 million in strategic materials investments.
Granite (NYSE:GVA) has secured a $78 million infrastructure project from Caltrans in Orange County, California. The project focuses on demolishing and reconstructing a 320-foot-long concrete bridge to improve mobility in the State Route 55 and State Route 91 (SR 55/91) corridor. The scope includes building retaining walls, sound walls, and implementing both asphalt and concrete paving, along with upgrades to storm drainage and electrical systems.
This initiative is the first of three segmented projects aimed at reducing congestion in the SR 55/91 connector. The project will be funded through state and federal sources and included in Granite's first-quarter CAP. Construction is scheduled to begin in April 2025 and conclude in October 2027.
