Granite Construction

Granite continues to be an industry pioneer in Alternative Project Delivery (Design-Build, CMAR/CMGC, Best Value) establishing true partnerships with both the Owner and Designer to guarantee a cohesive project team. Granite constructs approximately $800 million of APDM projects annually, and has completed over $12 billion in alternative procurement projects in the last decade. Headquartered in Watsonville, CA, Granite Construction, Inc is publicly traded on the New York Stock Exchange (NYSE: GVA).

Company Growth (employees)
Type
Public
HQ
Watsonville, US
Founded
1922
Size (employees)
2,000 (est)
Granite Construction was founded in 1922 and is headquartered in Watsonville, US

Granite Construction Office Locations

Granite Construction has an office in Watsonville
Watsonville, US (HQ)
585 W Beach St

Granite Construction Data and Metrics

Granite Construction Financial Metrics

Granite Construction's revenue was reported to be $468.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

468.4 m

Gross profit (Q1, 2017)

25.1 m

Gross profit margin (Q1, 2017), %

5%

Net income (Q1, 2017)

(23.9 m)

EBIT (Q1, 2017)

(36.4 m)

Market capitalization (22-Aug-2017)

2 b
Granite Construction's current market capitalization is $2 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.3 b2.3 b2.4 b2.5 b

Revenue growth, %

0%4%6%

Cost of goods sold

210 m203.9 m227.3 m230.5 m244.2 m262.5 m2.2 b

Gross profit

2 b2 b2.1 b301.4 m

Gross profit Margin, %

90%89%89%12%

General and administrative expense

219.3 m

Operating expense total

219.3 m

EBIT

(56 m)66 m107.1 m92.4 m

EBIT margin, %

(2%)3%5%4%

Interest expense

9.7 m10.4 m10.6 m14.4 m14.2 m14.3 m12.4 m

Interest income

1.8 m1.9 m2.1 m3.2 m

Pre tax profit

55.6 m103.4 m96.4 m

Income tax expense

(43.9 m)23.3 m21.1 m(19.3 m)19.7 m35.2 m30.2 m

Net Income

(44.8 m)35.9 m68.2 m66.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

585.9 m719.8 m420.2 m569.2 m751.4 m439.5 m604.6 m803.9 m468.4 m

Cost of goods sold

503.5 m653.1 m380.1 m503.5 m650.5 m400.2 m531.4 m696.2 m443.3 m

Gross profit

82.4 m66.7 m40.1 m65.8 m100.9 m39.2 m73.2 m107.7 m25.1 m

Gross profit Margin, %

14%9%10%12%13%9%12%13%5%

General and administrative expense

51.1 m47.4 m52.2 m49.1 m50.1 m56.1 m48.7 m54.2 m61.8 m

Operating expense total

51.1 m47.4 m52.2 m49.1 m50.1 m56.1 m48.7 m54.2 m61.8 m

EBIT

34.3 m22.3 m(11.3 m)17.1 m51.6 m(16.3 m)25.9 m53.9 m(36.4 m)

EBIT margin, %

6%3%(3%)3%7%(4%)4%7%(8%)

Interest expense

4.3 m2.5 m3.5 m4 m3.5 m3 m3.2 m3 m2.7 m

Interest income

413 k451 k442 k528 k591 k836 k798 k790 k1.1 m

Pre tax profit

32.5 m20.2 m14.5 m49.9 m27.4 m54.8 m

Income tax expense

10.3 m6.1 m5 m17.7 m8.9 m16.7 m

Net Income

945 k15.1 m(8.6 m)929 k33.1 m(10.5 m)7.9 m46 m(23.9 m)
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

339 m252 m257 m322 m229.1 m256 m252.8 m

Inventories

62.5 m68.9 m55.6 m55.2 m

Current Assets

950.2 m970.2 m985.2 m1.1 b

PP&E

436.9 m409.7 m385.1 m406.7 m

Goodwill

53.8 m53.8 m53.8 m53.8 m

Total Assets

1.6 b1.6 b1.6 b1.7 b

Accounts Payable

160.7 m151.9 m157.6 m199 m

Total Debt

229.5 m

Current Liabilities

497.6 m462.8 m466 m529.9 m

Additional Paid-in Capital

126.4 m134.2 m139.4 m150.3 m

Retained Earnings

655.1 m659.8 m699.4 m735.6 m

Total Equity

786.3 m817.1 m870.1 m922.6 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

2.1 x2 x1.9 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

221.8 m

Inventories

79.5 m74.6 m64.6 m71 m60.3 m59.4 m64.7 m61 m58.8 m

Current Assets

977.9 m1 b940.6 m995.4 m1.1 b962.8 m1.1 b1.2 b1 b

PP&E

426.7 m424.3 m399.9 m392 m385 m398.8 m409.9 m407.3 m412.5 m

Goodwill

53.8 m53.8 m53.8 m53.8 m53.8 m53.8 m53.8 m53.8 m53.8 m

Total Assets

1.7 b1.7 b1.6 b1.6 b1.7 b1.6 b1.7 b1.8 b1.7 b

Accounts Payable

210.8 m205.5 m121 m170.5 m196.9 m139.2 m210.9 m223.6 m170 m

Current Liabilities

525.3 m544.2 m448.1 m477.8 m549.2 m469.5 m529.2 m592.1 m501.2 m

Additional Paid-in Capital

130.2 m132.4 m134 m136.2 m138 m145.7 m146 m148.5 m152.8 m

Retained Earnings

637.9 m648 m645.9 m650.4 m675.9 m683 m691.9 m723.8 m706.6 m

Total Equity

793.5 m807.1 m802.7 m808.3 m836.5 m855.7 m869 m906.2 m896.1 m

Financial Leverage

2.1 x2.1 x2 x2 x2.1 x1.9 x1.9 x2 x1.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(44.8 m)35.9 m68.2 m66.2 m

Depreciation and Amortization

72.9 m68.3 m64.3 m64.4 m

Inventories

(2.7 m)(6.4 m)13.4 m308 k

Accounts Payable

(34 m)(12.7 m)8.4 m37.7 m

Cash From Operating Activities

5.4 m43.1 m67 m73.1 m

Purchases of PP&E

(43.7 m)(43.4 m)(44.2 m)(91 m)

Cash From Investing Activities

(31.6 m)780 k(30.7 m)(96.4 m)

Dividends Paid

(20.2 m)(20.3 m)(20.4 m)(20.6 m)

Cash From Financing Activities

(66.6 m)(17.1 m)(39.4 m)(40.3 m)

Interest Paid

14.6 m14.7 m14.6 m13.4 m

Income Taxes Paid

4.1 m2.3 m4.3 m29.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

945 k15.1 m(8.6 m)929 k33.1 m(10.5 m)7.9 m46 m(23.9 m)

Depreciation and Amortization

31.9 m50 m15.6 m31.3 m48.5 m13.7 m29.5 m46.6 m14.6 m

Inventories

(17 m)(12.1 m)4.3 m(2.1 m)8.6 m(3.9 m)(9.2 m)(5.5 m)(3.5 m)

Accounts Payable

42.2 m43.7 m(28.6 m)21.9 m48 m(22.1 m)47.5 m62.8 m(28.2 m)

Cash From Operating Activities

(72.4 m)(46.8 m)(6.9 m)(56.7 m)(8.1 m)(10.4 m)(53.9 m)(20.3 m)13.3 m

Purchases of PP&E

(20.1 m)(37.5 m)(7.6 m)(16.2 m)(26.1 m)(24.6 m)(48.8 m)(67.9 m)(21.4 m)

Cash From Investing Activities

(9.2 m)(11.3 m)(1.1 m)3.5 m(5.4 m)(34 m)(21.3 m)(60.8 m)(20.2 m)

Long-term Borrowings

(613 k)

Dividends Paid

(10.1 m)(15.2 m)(5.1 m)(10.2 m)(15.3 m)(5.1 m)(10.3 m)(15.4 m)(5.2 m)

Cash From Financing Activities

(1.1 m)(3.8 m)(8.5 m)(14.7 m)(20.7 m)(10.1 m)(16.3 m)(21.5 m)(13 m)

Interest Paid

7.3 m6.9 m612 k7.2 m7.8 m588 k6.9 m7.6 m1.2 m

Income Taxes Paid

2.1 m2.3 m202 k412 k450 k6.1 m6.4 m6.7 m1.9 m
USDY, 2017

Revenue/Employee

234.2 k

Financial Leverage

1.9 x

Granite Construction Market Value History

Traffic Overview of Granite Construction

Granite Construction Online and Social Media Presence

Granite Construction News and Updates

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