Welcome to our dedicated page for Granite Construction news (Ticker: GVA), a resource for investors and traders seeking the latest updates and insights on Granite Construction stock.
Granite Construction Inc. (NYSE: GVA) is a renowned leader in the construction industry, offering comprehensive infrastructure and heavy civil construction services since its establishment in 1922. Headquartered in Watsonville, California, Granite serves a diverse range of clients, including private entities and local, state, and federal agencies.
The company excels in various sectors, including mining, earthwork, water/sewer, power, tunneling, rail, highway, and bridge construction. Over the years, Granite has become an industry pioneer in alternative project delivery methods such as design-build, CMAR/CMGC, and best value. By fostering genuine partnerships with both project owners and designers, Granite ensures cohesive and successful project teams.
On an annual basis, Granite engages in approximately $800 million worth of alternative project delivery method (APDM) projects and has successfully completed over $12 billion in alternative procurement projects in the last decade. The company’s commitment to excellence is reflected in its award-winning infrastructure projects and its continued innovation in project delivery.
Granite's core operations are divided into two main segments: Construction and Materials. The Construction segment is the primary revenue driver, focusing on heavy civil infrastructure projects such as roads, highways, transit facilities, airports, and bridges. Additionally, Granite provides site preparation and infrastructure services for residential and energy development projects.
Despite the competitive landscape, Granite’s strategic partnerships and innovative project delivery approaches set it apart from its peers. The company is actively involved in numerous high-profile projects and is continually expanding its portfolio to include cutting-edge infrastructure solutions.
For those seeking detailed, up-to-date information about Granite Construction Inc.'s performance and latest projects, StockTitan offers a comprehensive resource. From financial health to project updates, StockTitan keeps stakeholders informed about all major developments concerning Granite Construction Inc.
Granite Construction (NYSE: GVA) will report its third quarter financial results on October 27, 2022, before the market opens.
The company will host a conference call at 8:00 a.m. PT the same day. Investors can participate via a live audio webcast on Granite's Investor Relations website or by phone. A replay of the call will be available until November 3, 2022.
Granite is a leading diversified construction and materials company in the U.S., focused on safety, quality, and sustainability.
Granite (NYSE:GVA) will receive the Corporate Visionary Award at the Seventh Annual Latino Corporate Directors Association (LCDA) Board Leaders Convening on October 25, 2022, in New York City. This recognition highlights Granite's commitment to advancing Latino representation on corporate boards. Granite's VP of People and Culture, Jorge Quezada, emphasizes the company's collective diversity efforts. The award reflects the importance of having multiple US Latinos on the board, recognizing board members Louis Caldera and Gaddi Vasquez, among others.
Granite (NYSE:GVA) has secured an $11 million contract from the California Department of Transportation to build a new bikeway and multipurpose path in Carpinteria, California. This project aims to close a gap in the California Coastal Trail, enhancing access for pedestrians and cyclists. Key updates include new signage, crosswalks, and landscaping at the intersection of Carpinteria Avenue and Estero Street. Construction is scheduled to begin off-peak, between Labor Day and Memorial Day, to minimize disruptions. Completion is expected by May 2023.
Granite (NYSE:GVA) has joined the U.S. Green Building Council (USGBC) as a Silver level member, demonstrating its commitment to sustainable construction practices. The membership aligns with Granite's strategic goal to enhance industry-wide sustainability, which CEO Kyle Larkin emphasized as vital for improving community quality of life. Sustainability Manager Raven Adams noted the importance of integrating sustainable practices across all company sectors. The USGBC aims to promote green building through initiatives like the LEED program and community advocacy.
H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as the new President and CEO, effective
Granite (NYSE:GVA) has secured two construction contracts totaling approximately $107 million for projects on State Highway 288 near Houston, Texas. These contracts, funded by the Texas Department of Transportation, expand Granite's total project value on SH 288 to over $145 million when combined with an earlier $40 million contract. The projects will cover 24 lane miles of highway, including the construction of five new bridges and improvements to ramps. Construction is expected to start in fall 2022 and be completed by summer 2024.
Granite Construction (NYSE:GVA) has decided to retain its Water Resources and Mineral Services businesses due to unfavorable market conditions preventing a satisfactory sale. These segments will now be included in continuing operations, with their financials to be reported accordingly. CEO Kyle Larkin expressed optimism about the strong market demand and the potential for these businesses to enhance shareholder value and EBITDA margins. Notably, Granite returned value to shareholders by repurchasing over 2.3 million shares in 2022 and maintaining strong liquidity.
Granite Construction (NYSE: GVA) has declared a quarterly cash dividend of $0.13 per common share, payable on October 14, 2022. Shareholders of record at the close of business on September 30, 2022 will receive this dividend. Established in 1922, Granite is a leading diversified construction company in the U.S., renowned for its commitment to quality, safety, and sustainability.
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