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Granite Construction Inc. - GVA STOCK NEWS

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.

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Granite (NYSE:GVA) receives six awards including the Louis Griesemer Sterling Safety large company award by the NSSGA. The award recognizes Granite's commitment to safety and well-being of employees. This reflects the company's dedication to maintaining the highest safety standards across all operations.
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Granite awarded $12.5M contract by Caltrans to clear and repair rock and mudslide areas near Kings Canyon National Park.
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Granite Construction (GVA) declares $0.13 quarterly cash dividend per common share, payable on October 13, 2023.
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Granite (NYSE:GVA) wins two ARC Awards in 2023 for its 2022 Sustainability Report and Annual Report.
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Granite (NYSE:GVA) sponsors the Inclusive Leaders Institute by AGC of California, aiming to foster inclusivity in the construction industry. The program provides leadership insights and facilitates networking opportunities. Granite gains exclusive recognition throughout the program.
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Granite announces $73 million project to fortify and modernize Deer Creek Dam & Reservoir in Utah, expected to be completed by March 2026.
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Granite awarded $72 million contract by Caltrans for Highway 1 project in Capitola, California
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Granite (NYSE:GVA) has been awarded a $215 million contract by the city of Akron, Ohio to construct the Northside Interceptor Tunnel Project (NSIT) to prevent combined sewer overflows. The project will be funded by the Ohio Environmental Protection Agency’s Water Pollution Control Loan Fund (WPCLF) and is expected to be included in Granite’s Q3 CAP. The NSIT project includes a 6,660 linear feet tunnel with a diameter of 16.5 feet to accommodate both dry and wet-weather sewage flow and store combined sewage.
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Granite Construction Incorporated (NYSE: GVA) announced its Q2 2023 results, reporting a net loss of $17 million compared to net income of $19 million in the same period last year. Revenue increased by $50 million to $899 million. The company's Construction and Materials segments saw year-over-year increases, with the California and Mountain Groups performing well. Granite Construction also reported a record Committed and Awarded Projects (CAP) balance of $5.4 billion.
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FAQ

What is the current stock price of Granite Construction (GVA)?

The current stock price of Granite Construction (GVA) is $99.29 as of November 22, 2024.

What is the market cap of Granite Construction (GVA)?

The market cap of Granite Construction (GVA) is approximately 4.3B.

What does Granite Construction Inc. do?

Granite Construction Inc. specializes in infrastructure and heavy civil construction services, including mining, earthwork, water/sewer, power, tunneling, rail, highway, and bridge construction.

Where is Granite Construction Inc. headquartered?

Granite Construction Inc. is headquartered in Watsonville, California.

What stock exchange is Granite Construction Inc. listed on?

Granite Construction Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol GVA.

What are the primary segments of Granite Construction Inc.?

Granite Construction Inc. operates primarily through its Construction and Materials segments.

How much does Granite engage in APDM projects annually?

Granite engages in approximately $800 million worth of alternative project delivery method (APDM) projects annually.

What is APDM?

APDM stands for Alternative Project Delivery Methods, which include design-build, CMAR/CMGC, and best value approaches to construction projects.

What types of projects does Granite Construction Inc. focus on?

Granite focuses on various infrastructure projects, including roads, highways, transit facilities, airports, bridges, and site preparation for residential and energy development.

How long has Granite Construction Inc. been in business?

Granite Construction Inc. has been in business since 1922.

How does Granite ensure project success?

Granite ensures project success by establishing true partnerships with both project owners and designers to guarantee a cohesive project team.

Where can I find job postings for Granite Construction Inc.?

All open positions available with Granite Construction Inc. and its subsidiary companies can be found at www.graniteconstruction.com/careers.

Granite Construction Inc.

NYSE:GVA

GVA Rankings

GVA Stock Data

4.32B
43.29M
0.97%
113.43%
9.71%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States of America
WATSONVILLE