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- Watsonville, California-based Granite Construction, which has eschewed multibillion-dollar megaprojects for smaller, more predictable jobs, reported $26 million in net profits for the fourth quarter of 2023 on $933.7 million in revenue.
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Fiscal Year 2023 Results. Net income totaled $44 million, or $0.97 per diluted share, compared to net income of $83 million, or $1.70 per diluted share, in the prior year. Adjusted net income (1) totaled $140 million, or $3.14 per diluted share, compared to adjusted net income (1) of $104 million, or $2.31 per diluted share, in the prior year.
Feb 22, 2024 · Fourth Quarter 2023 Results. Net income totaled $26 million, or $0.55 per diluted share, compared to net income of $22 million, or $0.46 per diluted share, for the same period in the prior...
For the six months ended June 30, 2023, the impact to gross profit from the project was $32 million and the impact after non-controlling interest was $16 million. Final completion for the project is expected early in the fourth quarter. CAP increased $334 million sequentially and increased $1.2 billion year-over-year.
Feb 23, 2024 · Trendline. Dive Insight: The company’s backlog also increased by $1.1 billion versus a year ago, a 23.6% gain, to $5.5 billion. On a sequential basis — i.e. between the third and fourth quarters...
- Joe Bousquin
Oct 31, 2023 · Granite Reports Third Quarter 2023 Results. Oct 31, 2023. Q3 revenue increased 11% year-over-year to $1.1 billion. Q3 diluted EPS of $1.13 and adjusted diluted EPS (1) of $1.69. Operating cash flow increased $153 million sequentially.
May 2, 2023 · WATSONVILLE, Calif. -- (BUSINESS WIRE)--Granite Construction Incorporated (NYSE:GVA) today announced results for the quarter ended March 31, 2023. First Quarter 2023 Results. Net loss totaled $23 million, or $ (0.53) per diluted share, compared to net loss of $27 million, or $ (0.58) per diluted share, for the same period in the prior year.
Nov 8, 2023 · Granite's net operating income ("NOI") was $109.2 million in the third quarter of 2023 compared to $94.0 million in the prior year period, an increase of $15.2 million primarily as a result...
