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Granite’s new Onboarding report can help any customer understand exactly what is currently in process with coming to Granite. View all DID’s that you currently have with Granite, whether it is on a PRI, SIP communication, or Hosted Voice. Rock Reports is now packed with new functionalities, including customizable reports
- Refreshed Core Values
- 2020 SEGMENT OVERVIEW
- 20% REVENUE 12% BY SEGMENT 57%
- WE OPERATE WITH
- Granite Construction Incorporated
- Business Strategy
- Decentralized Profit Centers
- Dedicated Construction Equipment
- Diversification
- Employee Development
- Risk-Balanced Growth
- Selective Bidding
- Vertical Integration
- Raw Materials
- Seasonality
- Contract Backlog
- Employee Engagement
- Compensation and Benefits
- Competition
- Joint Ventures
- Insurance and Bonding
- Anti-corruption and Bribery
- Environmental Regulations
- Item 1A. Risk Factors
- RISKS RELATED TO OUR BUSINESS
- RISKS RELATED TO OUR WORKFORCE, JOINT VENTURES AND SUBCONTRACTORS
- RISKS RELATED TO LEGAL, REGULATORY, ACCOUNTING AND TAX ISSUES
- Permitted Reserves for Percentage of Permitted
- Item 3. Legal Proceedings
- General
- Critical Accounting Policies and Estimates
- Results of Operations
- Contract Backlog
- Gross Profit
- Income Taxes
- Amount Attributable to Non-controlling Interests
- Operating activities
- Item 7A. Quantitative and Qualitative Disclosures About Market Risk
- Item 11. Executive Compensation
- Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
- Item 13. Certain Relationships and Related Transactions, and Director Independence
- Item 14. Principal Accountant Fees and Services
- Report of Independent Registered Public Accounting Firm
- Basis for Opinions
- Definition and Limitations of Internal Control over Financial Reporting
- Critical Audit Matters
- Description of Business
- Principles of Consolidation
- Use of Estimates in the Preparation of Financial Statements
- Balance Sheet Classifications
- Contract Assets
- Marketable Securities
- Derivative Instruments
- Allowance for Credit Losses
- Investments in Afiliates
- Property and Equipment
- Contract Liabilities
- Asset Retirement Obligations
- Performance Guarantees
- Contingencies
- Stock-Based Compensation
- Income Taxes
- Intangible Assets
- 3. Revisions in Estimates
- 4. Disaggregation of Revenue
- 5. Unearned Revenue
- 7. Receivables, net
- 8. Fair Value Measurement
- 10. Investments in Afiliates
- 11. Property and Equipment, net
- Real Estate Indebtedness
- Restricted Stock Units
- 20. Contingencies - Legal Proceedings
- 21. Business Segment Information
- Non-GAAP Financial Information
- Michael F. McNally
- Molly C. Campbell
- David C. Darnell
- Alan P. Krusi
- Jeffrey J. Lyash
- Celeste B. Mastin
- Gaddi H. Vasquez
- Elizabeth L. Curtis
- Jigisha Desai
- James A. Radich
- M. Craig Hall
- Kenneth B. Olson
- Nicholas B. Blackburn
more than ever, we rely on our values to guide operations. They and reinforce one another, are the cornerstone of our culture: how we operate with maintain integrity, provide value stakeholders, treat one another,
Excellence. Excellence for our stakeholders. We strive for a high-performance culture of continuous improvement, innovation, and quality in all aspects of our work. We perform and deliver our work in the right way for our stakeholders. Inclusion. Inclusion where everyone is valued. We value and respect a workforce diverse in perspective, experience...
Percentages may not appear to tally due to rounding.
SAFETY AND INTEGRITY, ALWAYS PURSUING EXCELLENCE IN OUR WORK, WITH BOUNDLESS
(Exact name of registrant as specified in its charter)
Our business strategy is to consistently deliver ideas, innovations, products and services to our clients to power today’s mobile society by executing entrepreneurial market strategies that leverage the benefits of our company-wide resources and our core values. Additionally, we have a continual focus on Operational Excellence, which includes the f...
Each of our operating groups is established as an individual profit center which encourages entrepreneurial activity while allowing the operating groups to benefit from centralized administrative, operational expertise and support functions.
We own and lease a large fleet of well-maintained heavy construction equipment. Dedicated access to a large pool of construction equipment enables us to compete more effectively by ensuring availability and maximizing returns on investment of the equipment.
To mitigate the risks inherent in the construction business as the result of general economic factors, we pursue projects: (i) in both the public and private sectors; (ii) in diverse end markets such as federal, rail, power, water and renewable energy markets; (iii) for a wide range of clients from the federal government to small municipalities an...
We believe that our employees are the primary factor for the successful implementation of our business strategies. Significant resources are employed to attract, develop and retain extraordinary and diverse talent and fully promote each employee’s capabilities. Managers are incentivized with cash compensation and restricted stock unit equity awards...
We intend to grow our business by working on many types of infrastructure projects, as well as by strategically expanding into new geographic areas and end markets organically and through acquisitions. Growth opportunities are evaluated relative to their incremental impact to the execution risk and profitability profile of our operating portfolio.
We focus our resources on bidding jobs that meet our selective bidding criteria, which include analyzing the risk of a potential job relative to: (i) available personnel to estimate and prepare the proposal as well as to effectively manage and build the project; (ii) the competitive environment; (iii) our experience with the type of work and wi...
We own and lease aggregate reserves and own processing plants and liner tube manufacturing facilities that are vertically integrated into our construction operations. By ensuring availability of these resources and providing quality products, we believe we have a competitive advantage in many of our markets, as well as a source of revenue and ea...
We purchase raw materials, including but not limited to, aggregate products, cement, diesel and gasoline fuel, liquid asphalt, natural gas, propane, resin and steel from numerous sources. Our owned and leased aggregate reserves supply a portion of the raw materials needed in our construction projects. The price and availability of raw materials may...
Our operations are typically affected more by weather conditions during the first and fourth quarters of our fiscal year which may alter our construction schedules and can create variability in our revenues, profitability and the required number of employees.
Our contract backlog consists of the revenue we expect to record in the future on awarded contracts, including 100% of our consolidated joint venture contracts and our proportionate share of unconsolidated joint venture contracts. We generally include a project in our contract backlog at the time a contract is awarded and to the extent we believe ...
To ensure we provide a rich experience for our employees, we measure organizational culture and engagement to build on the competencies that are important for our future success. We routinely engage independent third parties to conduct cultural and employee engagement surveys. These include corporate culture assessments, as well as real-time fee...
Granite’s compensation programs are designed to align the compensation of our employees with Granite’s performance and to provide proper incentives to attract, retain, and motivate employees to achieve superior results. The structure of our compensation programs balances guaranteed base pay with incentive compensation opportunities. Specifically: ...
Competitors in our Transportation, Water, Specialty and Materials segments typically range from small, local companies to large, regional, national and international companies. We compete with numerous companies in individual markets; however, there are few, if any, companies which compete in all of our market areas. Many of our Transportation, W...
We participate in various construction joint ventures with other construction companies of which we are a limited member (“joint ventures”) in order to share expertise, risk and resources typically for large, technically complex projects, including design-build projects, where it is necessary or desirable to share risk and resources. Joint venture ...
We maintain insurance coverage and limits consistent with industry practice and in alignment with our overall risk management strategy. Policies include general and excess liability, property, pollution, professional, cyber security, executive risk, workers’ compensation and employer’s liability. Further, our policies are placed with financially st...
We are subject to the Foreign Corrupt Practices Act (“FCPA”), which prohibits U.S. and other business entities from making improper payments to foreign government oficials, political parties or political party oficials. We are also subject to the applicable anti-corruption laws in the jurisdictions in which we operate, thus potentially exposing us ...
Our operations are subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances. Certain envi...
Set forth below and elsewhere in this report and in other documents we file with the SEC are various risks and uncertainties that could cause our actual results to differ materially from the results contemplated by the forward-looking statements contained in this report or otherwise adversely affect our business.
Public health events, including health epidemics or pandemics or other contagious outbreaks, could negatively impact our business, financial condition and results of operations. Our ability to perform work may be significantly affected by public health events. If a public health epidemic or pandemic or other contagious outbreak, including the nove...
Our success depends on attracting and retaining qualified personnel, joint venture partners and subcontractors in a competitive environment. The success of our business is dependent on our ability to attract, develop and retain qualified personnel, joint venture partners, advisors and subcontractors. Changes in general or local economic conditions ...
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
Senior Director of Corporate Taxation and Assistant Secretary
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Both our billing and reporting is based on a policy of clarity and transparency displaying all of your data and voice connections. Rock Reports allows you to track trouble tickets and service requests through Granite’s online portal. Features include: Displays full inventory of all services. Pinpoint charges for each location.
