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Last $35.93 USD
Change Today +0.30 / 0.84%
Volume 228.9K
As of 3:08 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

granite construction inc (GVA) Snapshot

Open
$35.85
Previous Close
$35.63
Day High
$35.97
Day Low
$35.51
52 Week High
04/22/14 - $39.34
52 Week Low
10/13/14 - $30.44
Market Cap
1.4B
Average Volume 10 Days
175.9K
EPS TTM
$0.34
Shares Outstanding
39.2M
EX-Date
03/27/15
P/E TM
106.5x
Dividend
$0.52
Dividend Yield
1.45%
Current Stock Chart for GRANITE CONSTRUCTION INC (GVA)

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granite construction inc (GVA) Details

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company operates through Construction, Large Project Construction, and Construction Materials segments. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects. This segment serves federal agencies, state departments of transportation, county and city public works departments, school districts and developers, and utilities, as well as the owners of industrial, commercial, and residential sites. The Large Project Construction segment focuses on large, complex infrastructure projects, including highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, utilities, and airport infrastructure, as well as provides bid-build, design-build, and construction management/general contractor contracts to various state departments of transportation, local transit authorities, utilities, and federal agencies. The Construction Materials segment mines and processes aggregates; and produces and sells construction materials to contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, and brokers. The company also performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. Granite Construction Incorporated was founded in 1922 and is based in Watsonville, California.

1,700 Employees
Last Reported Date: 02/27/15
Founded in 1922

granite construction inc (GVA) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $814.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $459.6K
Senior Vice President and Group Manager
Total Annual Compensation: $509.0K
Senior Vice President and Group Manager
Total Annual Compensation: $356.1K
Compensation as of Fiscal Year 2013.

granite construction inc (GVA) Key Developments

Granite Construction Incorporated Provides Earnings Guidance for the Year 2015

Granite Construction Incorporated provided earnings guidance for the year 2015. For the year, the company announced that with the existing political climate in mind, the company currently expects mid-single digit consolidated revenue growth in 2015. More importantly, the company expects overall 2015 profitability to grow in line with last year's improvement. The company expects total company profit margin expansion to be driven again this year by improved performance in each of the company’s business segment. As a result, the company currently expects EBITDA to increase to a range of 6% to 8% this year. The company expects 2015 will be a year of growth in both revenue and profitability, driven by strong backlog, improved operating capabilities and the company’s unrelenting focus on continuous improvement.

Granite Construction Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Granite Construction Incorporated reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income to the company of $17.0 million compared with a net loss of $28.9 million in the fourth quarter of 2013. Diluted EPS was $0.43 compared to a loss of $0.74 per share in the prior-year period. Revenue decreased 1.4% to $589.8 million compared with $598.1 million in the fourth quarter of 2013. Operating income was $35.425 against operating loss of $48.381 million a year ago. Income before provision for income taxes was $32.245 million against loss before benefit from income taxes of $49.651 million a year ago. Non-GAAP net income before restructuring and impairment charges was $15.356 million or $0.39 per diluted share against $23.726 million or $0.60 per diluted share a year ago. EBITDA was $49.884 million against LBITDA of $24.552 million a year ago. For the year, the company reported net income attributable to the company of $25.3 million compared with a net loss of $36.4 million in the prior year. Diluted earnings per share was $0.64 compared to a loss of $0.94 per share in 2013. Total revenue was $2,275.270 million against $2,266.901 million a year ago. Operating income was $65.100 million against operating loss of $54.692 million a year ago. Income before provision for income taxes was $55.597 million against loss before benefit from income taxes of $64.029 million a year ago. Net cash provided by operating activities was $43.142 million against $5.380 million a year ago. Purchases of property and equipment were $43.428 million against $43.682 million a year ago. Non-GAAP net income before restructuring and impairment charges was $0.893 million or $0.0.2 per diluted share against non-GAAP net loss before restructuring and impairment gains of $6.655 million or $0.17 per diluted share a year ago. EBITDA was $125.606 million against $29.814 million a year ago.

Granite Construction Incorporated Presents at GHS 1x1 Series Infrastructure & Construction Conference, Mar-18-2015

Granite Construction Incorporated Presents at GHS 1x1 Series Infrastructure & Construction Conference, Mar-18-2015 . Venue: Chicago, Illinois, United States.

 

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Industry Analysis

GVA

Industry Average

Valuation GVA Industry Range
Price/Earnings 55.0x
Price/Sales 0.6x
Price/Book 1.7x
Price/Cash Flow 54.2x
TEV/Sales 0.3x
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