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 (NYSE:GVA) has secured a contract for the Oddie Boulevard/Wells Avenue Corridor Project in Reno, Nevada, valued at approximately $44 million. This project will enhance multi-modal transportation across a 3.2-mile corridor, contributing to regional infrastructure improvements. The scope includes roadway reconfiguration, utility upgrades, and enhanced pedestrian access. Scheduled to commence in Q3 2021 and complete by Q2 2023, this project is expected to positively impact Granite's backlog and strengthen its relationship with the Regional Transportation Commission.
Granite (NYSE:GVA) has joined the National Hispanic Corporate Council (NHCC) as a new corporate member. This partnership provides Granite access to valuable resources aimed at maximizing opportunities within the $2 trillion U.S. Hispanic market, which includes 60 million individuals. Jorge Quezada, Granite's VP of Inclusive Diversity, emphasized the company’s commitment to diversity and improving the lives of Hispanic employees and communities. The NHCC's five-pillar framework offers guidance on human resources, marketing, and community relations within the Hispanic market.
Granite (NYSE:GVA) has secured a $12 million contract from the County of San Luis Obispo for the construction phase of the Runway 11-29 Rehabilitation Project at San Luis Obispo County Regional Airport. This project follows Granite's previous contract for the construction manager at risk (CMAR) portion in 2020, where they provided design assistance. The work includes milling the runway and replacing it with new hot mix asphalt, along with upgrading signs and lighting to energy-efficient LED. Construction is set to begin in July 2021 and wrap up by October 2021.
Granite Construction (NYSE: GVA) announced that CEO Kyle Larkin will engage in a virtual fireside chat with Vertical Research Partners on June 16, 2021, at 2:00 p.m. ET. This event caters exclusively to Vertical Research clients and will be accessible via Granite's website about 24 hours post-chat. Established in 1922, Granite is a leading diversified construction company in the U.S., focusing on transportation, water infrastructure, and mineral exploration. The firm emphasizes safety, quality, and sustainability in its operations.
Granite (NYSE:GVA) has appointed three new directors and promoted Kyle T. Larkin to president and CEO. Michael F. McNally, who has been on the board since 2016, was elected as the new board chair. The new directors are Louis E. Caldera, former U.S. Secretary of the Army, Laurie M. Mullen, a retired KPMG partner, and Larkin, increasing the board from ten to twelve members. This transition follows the retirement of former chair Claes G. Bjork, who served for 15 years, contributing significantly during challenging times.
Granite Construction Incorporated (NYSE: GVA) has declared a quarterly cash dividend of $0.13 per common share. This dividend will be payable on July 15, 2021, to shareholders on record as of June 30, 2021. Granite is a leading diversified construction company in the U.S., focusing on transportation, water infrastructure, and mineral exploration. Established in 1922, the firm prides itself on strong ethical standards and industry-leading safety practices.
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