OverviewSuggest Edit

Granite Construction is a provider of infrastructure solutions to the transportation, water infrastructure, and mining markets. It operates as a full-service general contractor, construction management firm, and construction materials producer through four segments: Transportation, Water, Specialty, and Materials. The company provides construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports; water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; construction of complex projects including infrastructure development, mining, public safety, tunnel and power projects. It also produces aggregates, asphalt, and construction-related materials, as well as proprietary sanitary and stormwater rehabilitation products.

TypePublic
Founded1922
HQWatsonville, US
Websitegraniteconstruction.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2018)2,700(+43%)
Job Openings145
Revenue (FY, 2018)$3.3 B(+11%)
Share Price (Oct 2020)$19.3
Cybersecurity ratingAMore

Key People/Management at Granite Construction

James H. Roberts

James H. Roberts

President and Chief Executive Officer, Director
Kyle Larkin

Kyle Larkin

Executive Vice President, Chief Operating Officer
Jigisha Desai

Jigisha Desai

SVP and Chief Financial Officer
Phil Decocco

Phil Decocco

SVP of Human Resources
Rob Vangorder

Rob Vangorder

SVP and Group Manager, WMS Group
Matt Tyler

Matt Tyler

SVP and Group Manager, Federal Division
Show more

Granite Construction Office Locations

Granite Construction has offices in Watsonville, Albany, Anchorage, Arlington and in 121 other locations
Watsonville, US (HQ)
585 W Beach St
Albany, US
1710 E Broad Ave
Anchorage, US
11471 Lang St
Arlington, US
11423 Jordan Rd
Arvin, US
21541 E Bear Mountain Blvd
Aurora, US
721 W Illinois Ave
Show all (154)

Granite Construction Financials and Metrics

Granite Construction Revenue

Embed Graph
View revenue for all periods
Granite Construction's revenue was reported to be $3.32 b in FY, 2018 which is a 11% increase from the previous period.
USD

Revenue (Q3, 2019)

1.1b

Gross profit (Q3, 2019)

91.4m

Gross profit margin (Q3, 2019), %

8.4%

Net income (Q3, 2019)

20.5m

EBIT (Q3, 2019)

22.4m

Market capitalization (15-Oct-2020)

900.7m

Closing stock price (15-Oct-2020)

19.3

Cash (30-Sept-2019)

184.7m

EV

1.2b
Granite Construction's current market capitalization is $900.7 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

2.5b3.0b3.3b

Revenue growth, %

6%19%11%

Cost of goods sold

2.2b2.7b2.9b

Gross profit

301.4m314.9m389.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

468.4m762.9m957.1m563.4m807.1m1.1b619.8m789.5m1.1b

Cost of goods sold

443.3m688.3m842.6m507.1m726.8m911.1m579.3m841.9m996.7m

Gross profit

25.1m74.6m114.5m56.3m80.4m144.5m40.5m(52.4m)91.4m

Gross profit Margin, %

5%10%12%10%10%14%7%(7%)8%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

189.3m233.7m272.8m

Accounts Receivable

419.3m479.8m473.2m

Inventories

55.2m62.5m88.6m

Current Assets

1.1b1.2b1.4b
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

66.2m75.8m53.7m

Depreciation and Amortization

64.4m66.3m111.5m

Inventories

308.0k(7.3m)(2.1m)

Accounts Payable

37.7m36.7m(26.7m)
Quarterly
USDFY, 2016

Revenue/Employee

1.3m

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

1.9 x
Show all financial metrics

Granite Construction Operating Metrics

Granite Construction's Backlog was reported to be $3.6b in Q3, 2019.
Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog

$3.39 b$3.75 b$3.76 b$3.48 b$3.44 b$4.06 b$4.23 b$3.72 b$3.59 b$3.65 b$3.24 b$3.69 b$3.59 b$3.82 b$3.65 b

Backlog (Large Project Construction, Kenny)

$339.92 m$575.28 m$551.14 m$528.41 m$497.58 m$454.90 m$406.15 m$365.01 m$326.04 m$314.09 m

Backlog (Specialty, California)

$74.67 m$63.02 m$72.40 m$127.93 m$103.26 m

Trucks, Trailers and Vehicles

3.50 k3.62 k5.40 k
Show all operating metrics

Granite Construction Acquisitions / Subsidiaries

Company NameDateDeal Size
Lametti & SonsMay 22, 2019
LiquiForceApril 03, 2018
Layne ChristensenFebruary 14, 2018$565 m
Kenny Construction CompanyDecember 28, 2012$130 m
GILC Incorporated
Granite Construction Company
Granite Construction Northeast

Granite Construction Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Granite Construction Revenue Breakdown

Embed Graph

Granite Construction revenue breakdown by business segment: 11.4% from Materials, 18.9% from Specialty, 10.2% from Water and 59.6% from Transportation

Granite Construction revenue breakdown by geographic segment: 10.3% from Water and Mineral Services, 9.3% from Midwest, 25.3% from Heavy Civil, 23.1% from Northwest, 30.7% from California and 1.3% from Other

Granite Construction Online and Social Media Presence

Embed Graph

Granite Construction News and Updates

Kaskela Law LLC Announces Investigation of Granite Construction Incorporated (GVA) and Encourages Long-Term GVA Stockholders to Contact the Firm

PHILADELPHIA, June 6, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Granite Construction Incorporated ("Granite" or the "Company") (NYSE: GVA) on behalf of the Company's stockholders. In February 2020, a securities fraud complaint was filed against Granite in...

GRANITE DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Granite Construction Incorporated To Contact The Firm

NEW YORK, NY - (NewMediaWire) - October 12, 2019 - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Granite Construction Incorporated (NYSE: GVA) ("Granite" or the "Company") of the October 15, 2019 deadline to seek the role of lead plaintiff in a federal s…

Lifshitz & Miller LLP Announces Investigation of Curaleaf Holdings, Inc., Granite Construction, Inc., Karyopharm Therapeutics, Inc., ProPetro Holdings Corp., SAExploration, Inc., Sunnova Energy International, Inc., and Surface Oncology, Inc.

NEW YORK, Sept. 17, 2019 /PRNewswire/ -- Curaleaf Holdings, Inc. (CURLF) Lifshitz & Miller announces investigation into possible securities laws violation in connection with the FDA's warning letter to Curaleaf stating that several of CURLF's CBD products were "misbranded drugs" in...

RM LAW Announces Class Action Lawsuit Against Granite Construction Incorporated

BERWYN, Pa., Sept. 4, 2019 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Granite Construction Incorporated ("Granite" or the "Company") (NYSE: GVA) securities between October 26, 2018 and August 1,...

Rosen, a Globally Recognized Law Firm, Announces Filing of Securities Class Action Lawsuit Against Granite Construction Incorporated; Encourages Investors with Losses in Excess of $100K to Contact the Firm - GVA

NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Granite Construction Incorporated (NYSE: GVA) from October 26, 2018 through August 1, 2019, inclusive (the...

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Granite Construction, Inc. (NYSE: GVA) and Encourages Granite Construction Investors to Contact the Firm

NEW YORK, Aug. 14, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all investors that purchased Granite Construction, Inc. (NYSE: GVA) securities...
Show more

Granite Construction Blogs

Granite Announces Appointment of Kyle T. Larkin as President and Principal Executive Officer

Granite Announces Appointment of Kyle T. Larkin as President and Principal Executive Officer granite_admin Mon, 09/28/2020 - 07:17

Granite Wins 2020 Build America Award for Iconic Lake Tahoe Trail

Granite Wins 2020 Build America Award for Iconic Lake Tahoe Trail granite_admin Tue, 09/22/2020 - 13:51

Granite Announces New York Stock Exchange Listing Extension

Granite Announces New York Stock Exchange Listing Extension granite_admin Fri, 09/18/2020 - 17:19

Building the Iconic Lake Tahoe Trail

Building the Iconic Lake Tahoe Trail jmontgomery Fri, 09/18/2020 - 14:34

Granite Opens New Southern California Big Rock Materials Plant

Granite Opens New Southern California Big Rock Materials Plant granite_admin Wed, 09/09/2020 - 18:07

Granite Awarded $24 Million Design-Build Project in Bellingham, Washington

Granite Awarded $24 Million Design-Build Project in Bellingham, Washington granite_admin Tue, 09/01/2020 - 17:38
Show more

Granite Construction Frequently Asked Questions

  • When was Granite Construction founded?

    Granite Construction was founded in 1922.

  • Who are Granite Construction key executives?

    Granite Construction's key executives are James H. Roberts, Kyle Larkin and Jigisha Desai.

  • How many employees does Granite Construction have?

    Granite Construction has 2,700 employees.

  • What is Granite Construction revenue?

    Latest Granite Construction annual revenue is $3.3 b.

  • What is Granite Construction revenue per employee?

    Latest Granite Construction revenue per employee is $1.2 m.

  • Who are Granite Construction competitors?

    Competitors of Granite Construction include Saulsbury Industries, M. Davis & Sons and Duro Felguera.

  • Where is Granite Construction headquarters?

    Granite Construction headquarters is located at 585 W Beach St, Watsonville.

  • Where are Granite Construction offices?

    Granite Construction has offices in Watsonville, Albany, Anchorage, Arlington and in 121 other locations.

  • How many offices does Granite Construction have?

    Granite Construction has 154 offices.