WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded an approximately $50 million contract by Pacific Gas and Electric (PG&E) for the Tiger Creek Regulator Dam Spillway Replacement project in Amador County, California, near Pioneer. The project will be included in Granite’s second quarter 2026 CAP.
Our team brings deep technical expertise and a collaborative approach, and we look forward to serving PG&E
ShareThe project, part of PG&E’s Mokelumne River Hydroelectric Project, involves construction of a new spillway that will replace an existing structure at the Tiger Creek Regulator Dam, a slab and buttress dam originally constructed in 1931. The project will enhance long-term dam safety, improve operational reliability, and ensure compliance with updated regulatory and engineering standards.
Granite’s scope of work includes construction of the new spillway crest structure and chute, installation of a temporary cofferdam to allow work to be performed in dry conditions, excavation and rock anchoring, placement of mass and structural concrete, and decommissioning of the existing spillway. The project also includes improvements to site access, including construction of a permanent access road to support ongoing maintenance of the new spillway.
A separate preconstruction contract, completed in 2024 with an approximate value of $600,000, supported early planning and constructability efforts for the project.
“We have a long history of building critical dam projects for many clients in Northern California including the Folsom Dam Auxiliary Spillway Control Structure, Mormon Island Auxiliary Dam, Lost Creek Dam, and Log Pond Dam,” says Bob Mihal, Granite Area Manager. “Our team brings deep technical expertise and a collaborative approach, and we look forward to serving PG&E and strengthening our partnership on critical infrastructure that supports the region’s communities.”
Construction began in May 2026, with completion anticipated in May 2028.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
Williams Industries (OTCMKTS:WMSI – Get Free Report) and Granite Construction (NYSE:GVA – Get Free Report) are both construction companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, institutional ownership, profitability, valuation and earnings.
Earnings and Valuation This table compares Williams Industries and Granite Construction”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Williams Industries N/A N/A N/A N/A N/A Granite Construction $4.42 billion 1.23 $193.00 million $3.47 35.96 Granite Construction has higher revenue and earnings than Williams Industries.
Profitability This table compares Williams Industries and Granite Construction’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Williams Industries N/A N/A N/A Granite Construction 3.99% 24.90% 7.64% Analyst Recommendations This is a breakdown of current recommendations for Williams Industries and Granite Construction, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Williams Industries 0 0 0 0 0.00 Granite Construction 1 2 2 1 2.50 Granite Construction has a consensus target price of $161.00, indicating a potential upside of 29.01%. Given Granite Construction’s stronger consensus rating and higher possible upside, analysts plainly believe Granite Construction is more favorable than Williams Industries.
Summary Granite Construction beats Williams Industries on 8 of the 8 factors compared between the two stocks.
About Williams Industries (Get Free Report)
Williams Industries, Incorporated manufactures and sells welded steel plate girders, rolled steel beams, stay-in-place bridge decking, and light structural and other metal products in the United States. The company also offers steel, precast concrete and miscellaneous metals erection and installation services, as well as rigging and specialized hauling services. It also rents cranes. The company provides its services and products for industrial, governmental, commercial, and institutional construction markets. Williams Industries, Incorporated was founded in 1970 and is headquartered in Manassas, Virginia.
About Granite Construction (Get Free Report)
Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in our construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, railways, residential development, and energy development; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.
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Key Takeaways STRL is the better buy, backed by stronger growth, backlog momentum and estimate revisions.Mission-critical projects make up more than 90% of Sterling's E-Infrastructure backlog.Granite offers a lower valuation and record $7.2B CAP, but its growth outlook is less aggressive. Infrastructure spending remains a major growth driver for U.S. construction companies, supported by data center development, semiconductor manufacturing, transportation upgrades and federal infrastructure programs. Contractors with strong project pipelines, specialized capabilities and disciplined execution are particularly well positioned. Sterling Infrastructure (STRL - Free Report) and Granite Construction (GVA - Free Report) both benefit from these trends, but their business profiles differ.
Sterling has shifted toward high-growth mission-critical infrastructure, while Granite remains a diversified civil contractor and construction materials producer with significant exposure to public infrastructure.
Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for Sterling StockSterling has transformed itself into a high-growth infrastructure platform focused on data centers, semiconductor fabrication, advanced manufacturing and mission-critical electrical work. First-quarter 2026 revenues surged 92% year over year, while adjusted earnings per share (EPS) climbed 120%. Adjusted EBITDA more than doubled, and margins expanded despite the integration of the recently acquired CEC business.
The E-Infrastructure Solutions segment remains Sterling’s primary growth engine. Segment revenues increased 174%, supported by strong organic growth and CEC’s contribution. Mission-critical projects accounted for more than 90% of E-Infrastructure backlog, highlighting Sterling’s growing exposure to large data center, manufacturing and semiconductor investments. The company is also gaining traction from cross-selling site development and electrical services, which should help increase project scope, improve execution and support margins.
Sterling’s backlog provides strong multiyear visibility. Signed backlog reached $3.8 billion, while the combined backlog increased to $5.15 billion. Including unsigned awards and high-probability future phases, management sees an opportunity pool approaching $6.5 billion. The first phase of a large semiconductor fabrication campus further strengthens its long-term growth potential, with additional project phases expected over several years.
The Stone Ridge acquisition adds another growth avenue. The deal expands Sterling’s site development capabilities across the Pacific Northwest and Texas and increases its exposure to data centers, mining and industrial infrastructure. Stone Ridge is expected to generate between $180 million and $200 million in full-year revenues with mid-teen EBITDA margins.
Sterling’s main risk is its premium valuation. The stock’s strong rally has raised expectations, meaning any slowdown in project awards, execution or data center spending could pressure its multiple. Building Solutions also remains exposed to weak residential affordability, while rapid expansion and acquisition integration add operational risks.
Nevertheless, Sterling’s growth, backlog visibility, margins and mission-critical market exposure provide a powerful investment case.
The Case for Granite StockGranite offers a more diversified and value-oriented construction investment. The company operates across transportation, federal infrastructure, private construction and construction materials, reducing its dependence on any single end market.
First-quarter revenues increased 30% year over year to $912 million, while adjusted EBITDA more than doubled. Construction segment revenues rose nearly 25%, supported by strong organic growth and acquired businesses. Granite also ended the quarter with record committed and awarded projects, or CAP, of $7.2 billion, an increase of $1.4 billion from the prior year.
Granite’s vertically integrated model is a key strength. Its materials operations supply aggregates and asphalt, supporting construction projects while providing exposure to pricing and volume growth. Materials revenues increased sharply in the first quarter, while gross profit and cash gross profit margins improved significantly. Recent acquisitions, including Warren Paving, Papich Construction and Kenny Seng Construction, have expanded Granite’s geographic presence and materials capabilities.
Granite is also expanding into attractive markets. Federal CAP reached $1.3 billion, including tactical infrastructure work, while management sees growing opportunities in rail facilities and mission-critical data center site development. The Kenny Seng acquisition strengthens Granite’s Utah platform and adds exposure to education, civil infrastructure and private-sector projects.
Following the strong quarter and recent project awards, Granite raised its 2026 revenue guidance between $5.2 billion and $5.4 billion and increased its adjusted EBITDA margin outlook. Improved project execution, SG&A leverage and materials performance should support earnings growth.
However, Granite’s growth outlook is less aggressive than Sterling’s. Traditional civil projects can be affected by weather, funding availability and execution delays. The company also reported a GAAP net loss in the first quarter, while higher interest costs and acquisition-related debt remain considerations.
Sterling Leads the Share Price RaceSterling shares have surged 108.5% year to date, substantially outperforming Granite’s 7.5% gain. Sterling has also outpaced the Zacks Construction sector’s 7.3% advance and the S&P 500’s 8.8% return.
STRL vs GVA Price Performance (YTD)
Image Source: Zacks Investment Research
Among peers, Comfort Systems USA (FIX - Free Report) and EMCOR Group (EME - Free Report) have also benefited from rising investments in AI data centers, electrical infrastructure and mission-critical construction. However, Sterling’s stock performance indicates particularly strong investor confidence in its earnings growth, expanding backlog and strategic positioning.
Granite’s performance is close to the broader construction sector, reflecting its steadier operating profile and more moderate earnings outlook.
Granite Offers Value, but Sterling’s Premium Is JustifiedSterling trades at 27.99X forward 12-month earnings, above Granite’s 15.8X and the Zacks Construction sector average of 20.49X.
STRL vs GVA Valuation (P/E F12M)
Image Source: Zacks Investment Research
The premium is more reasonable when compared with mission-critical infrastructure peers. FIX trades at 34.51X forward earnings, meaning Sterling remains less expensive despite its rapid growth in data center and advanced manufacturing projects. EME stock also commands a higher valuation than traditional civil contractors at 23.75X because of its exposure to electrical, mechanical and mission-critical construction markets.
Granite is clearly the cheaper stock and may appeal to value-focused investors. However, its discount reflects a slower growth profile, lower margins and greater exposure to conventional public infrastructure projects. Sterling’s premium is supported by stronger earnings growth and superior backlog momentum.
Sterling Has the Stronger Estimate TrendOver the past 60 days, the Zacks Consensus Estimate for Sterling’s 2026 EPS has increased to $19.12, while the 2027 estimate has risen to $25.83. Earnings are expected to grow 75.7% in 2026 on revenue growth of 59.2%. For 2027, EPS and revenues are projected to increase 35.1% and 29.1%, respectively.
STRL EPS Estimate Revision Trend
Image Source: Zacks Investment Research
Granite’s consensus estimate has remained unchanged over the past 30 days at $6.92 for 2026 and $8.61 for 2027. Its 2026 EPS is expected to increase 14%, accompanied by revenue growth of 20.2%. For 2027, EPS is projected to grow 24.4% on an 11.1% revenue increase.
GVA’s EPS Estimate Revision Trend
Image Source: Zacks Investment Research
Sterling, therefore, holds a clear advantage in both expected growth and positive estimate revisions.
Which Stock Is the Better Buy?Granite remains a solid infrastructure stock, supported by record CAP, a growing materials platform, strategic acquisitions and an attractive valuation. It appears suitable for investors seeking moderate growth at a lower earnings multiple.
Sterling, however, offers better upside potential. Its exposure to data centers, semiconductor facilities and mission-critical projects supports significantly stronger revenue and earnings growth. Rapidly expanding backlog, margin improvement, cross-selling opportunities and upward estimate revisions further strengthen the outlook.
Sterling’s Zacks Rank #1 (Strong Buy) also compares favorably with Granite’s Zacks Rank #3 (Hold). Despite its higher valuation, Sterling’s superior earnings momentum and secular growth exposure make it the better construction stock to buy now. You can see the complete list of today’s Zacks #1 Rank stocks here.
WATSONVILLE, Calif.--(BUSINESS WIRE)--July 15, 2026 -- Granite (NYSE: GVA) will release financial results for the quarter ended June 30, 2026, before market opens on Thursday, July 30, 2026. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, July 30, 2026. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that Keystone Bridge Partners, a Granite-led joint venture with Condon-Johnson & Associates, Inc., has been selected by the Regional Transportation Commission (RTC) of Washoe County to provide preconstruction services for the Keystone Avenue Bridge Replacement Project in Reno, Nevada. The project will be delivered using the Construction Manager at Risk (CMAR) method.
“We are excited to again partner with the RTC to find collaborative solutions to best serve Reno and the travelling public.”
ShareBuilt in 1966, the Keystone Avenue Bridge spans the Truckee River and serves as a critical north–south corridor. The new project will replace the structurally deficient bridge, significantly improve safety, and accommodate increased traffic demand.
“This project reflects Granite’s continued commitment to delivering resilient, community-focused infrastructure,” said Chris Burke, Granite Regional Vice President. “We are excited to again partner with the RTC to find collaborative solutions to best serve Reno and the travelling public.”
Project scope includes demolition of the existing bridge and construction of a new multi-span steel beam girder structure, along with reconstruction of Keystone Avenue approaches, new retaining walls, drainage improvements, and utility relocations. The project also features a new multi-use path connecting to Vine Street and improvements to nearby roadways.
Project Timeline:
Preconstruction: Q2 2026 through Q1 2028Major Construction: Q2 2028 through Q3 2029When the construction phase is awarded, the anticipated value will range from $50 million to $60 million.
For more information, visit: https://keystonebridgeproject.com.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will be included in Granite’s second quarter 2026 CAP.
Located in West Point, Utah, the project will:
Extend the recently completed West Davis Corridor by approximately three miles Enhance mobility and connectivity for the northern Davis County area Improve traffic flows in the corridor Project scope includes construction of nine new bridges, two pedestrian crossings, approximately 70,000 tons of asphalt paving, and placement of more than one million cubic yards of borrow material.
“This project represents an important step in continuing the buildout of the West Davis Corridor, improving access and mobility for the growing northern Davis County region,” said Jason Klaumann, Granite Regional Vice President. “It aligns with our core strengths in structures, paving, and materials, and our home market strategy.”
Granite’s Wells Pit will supply 400,000 cubic yards of borrow and 350,000 tons of mechanically stabilized earth (MSE) fill and Granite’s West Haven AC Plant will provide 70,000 tons of Hot Mix Asphalt.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.
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Tech Stocks Front Rebound After Fed-Fueled Market Slide; 4 Top Stocks In Or Near Buy Zones Granite Construction (GVA), HSBC Holdings (HSBC), Credicorp (BAP) and Cummins (CMI) all reached new 52-week highs Thursday. These names are in financials and industrials, two sectors that are rebounding. Three stocks are near buy points, and one is just out of a buy zone. Unlike so many other leading stocks, these four aren't technology companies. Stocks To Buy And Watch: Top IPOs, Big…
Dimensional Fund Advisors LP trimmed its holdings in Granite Construction Incorporated (NYSE: GVA) by 17.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,104,213 shares of the construction company's stock after selling 226,988 shares during the period. Dimensional Fund Advisors LP owned 2.52% of Granite
Candelo Capital Management disclosed a new position in Granite Construction (GVA +2.38%) on February 17, 2026, acquiring 49,088 shares in an estimated $5.66 million trade based on quarterly average pricing.
What happenedAccording to a February 17, 2026, SEC filing, Candelo Capital Management LP established a new position in Granite Construction by purchasing 49,088 shares. The reported quarter-end value of the stake totaled $5.66 million, with the increase reflecting the addition of new shares and changes in the company’s stock price over the period.
What else to knowThis is a new position for the fund, now representing 5.05% of Candelo’s 13F reportable assets under management.Top five holdings after the filing:NYSE:ATI: $7.28 million (6.6% of AUM)NYSE:TDY: $6.74 million (6.2% of AUM)NYSE:UNP: $5.75 million (5.2% of AUM)NYSE:GVA: $5.66 million (5.1% of AUM)NASDAQ:MKSI: $5.61 million (5.1% of AUM)As of Friday, Granite Construction shares were priced at $120.73, up 67% over the past year and well outperforming the S&P 500’s roughly 20% gain in the same period.Company overviewMetricValuePrice (as of Friday)$120.73Market capitalization$5.3 billionRevenue (TTM)$4.42 billionNet income (TTM)$193.00 millionCompany snapshotGranite Construction delivers heavy civil infrastructure construction and produces construction materials such as aggregates and asphalt.The firm generates revenue through large-scale public and private construction projects, as well as the sale of construction materials to internal and external customers.It serves federal, state, and local government agencies, transportation authorities, utilities, developers, and industrial clients across the United States.Granite Construction is a leading U.S. infrastructure contractor with a diversified portfolio spanning transportation, water, and complex site development projects. The company leverages nearly a century of operational experience to execute projects for both public and private sector clients, supported by integrated materials production capabilities.
What this transaction means for investorsGrantice just delivered a record year operationally. Revenue climbed to roughly $4.4 billion in 2025, up about 10% year over year, while net income attributable to shareholders surged to about $193 million, up over 60% from the prior year. Meanwhile, adjusted EBITDA jumped 30% to roughly $527 million, reflecting improved margins and stronger project execution across its construction and materials businesses.
Perhaps more important for long-term investors is the visibility Granite now has into future growth. The company ended the year with nearly $7 billion in committed and awarded projects, a record pipeline that management says should support continued revenue expansion as public infrastructure spending remains strong.
The stock’s performance reflects that momentum. Shares have climbed about 67% over the past year and are up roughly 5% so far in 2026, even as the broader market has slipped about 3%. All of this to say that with this underlying momentum, it’s not hard to see why a fund like Candelo would be stepping in to buy shares.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Teledyne Technologies. The Motley Fool recommends Union Pacific. The Motley Fool has a disclosure policy.
WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the LRT-4 Webb-Zapata project by Customs and Border Protection. The approximately $495M project will be included in the company's first quarter 2026 CAP. The project scope consists of 27 miles of tactical infrastructure improvements near Laredo, Texas. This includes significant mass excavation, grading, roads, as well as fencing and cattle guards. Granite will construct seven bridges, eight major c.
WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded Segment 4E North of the Highway 101 Carpinteria to Santa Barbara Construction Manager/General Contractor (CM/GC) project by Caltrans. Granite is the construction manager for the entire phase 4 project, and was previously awarded Segment 4E South in 2024. The contract award is approximately $114M. The Carpinteria to Santa Barbara CM/GC is a major, multi-year program to increase safety and reduce con.
Granite Construction remains a "Strong Buy" due to attractive valuation, robust public infrastructure demand, and successful acquisition-driven growth. GVA's 2025 revenue grew 10.4% year-over-year, with significant EBITDA and cash flow improvements, underscoring operational strength. Public sector CAP surged to $6.06 billion, offsetting private sector weakness, as government infrastructure spending accelerates, particularly in California and federal border projects.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) will release financial results for the quarter ended March 31, 2026, before market opens on Thursday, April 30, 2026. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, April 30, 2026. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available by calling 1-.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced that it has completed the acquisition of Kenny Seng Construction, strengthening Granite's vertically-integrated construction and construction materials platform in Utah. Acquisition Highlights Expands Granite's vertically-integrated home market in Utah, enhancing its construction and materials presence in a high-growth region. Adds end-to-end construction capabilities, including earthwork and site preparation, concrete wo.
WATSONVILLE, Calif.--(BUSINESS WIRE)--On Wednesday, April 29, Granite (NYSE:GVA) published its 2025 Sustainability Report, highlighting the company’s efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance. “Granite’s mission is to provide infrastructure solutions that support more prosperous and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin. “Sustainability is central to this mission. Our leadership in sustainability supports the successful execution of our business strategies and drives value creation.”
Granite’s mission is to provide infrastructure solutions that support more prosperous and resilient communities
Share Granite aligns its reporting with standard sustainability reporting frameworks, selecting industry-specific metrics that align with stakeholder expectations and reflect material impacts relevant to its operations. In addition to providing progress updates on sustainability objectives, the report reviews the company’s efforts in key areas, including safety and health, community engagement, ethics and compliance, resilience and energy, and waste management.
“Granite’s Sustainability Strategic Plan centers on leveraging sustainability as a competitive advantage,” explained Sustainability Director Raven Adams. “The theme of this report—Operational Impact—reflects the transition from building companywide programs to executing improvements in operations, with sustainability champions leading local initiatives that drive value in their part of the business.”
Highlights from the 2025 report include:
Recognition by Newsweek as one of America’s Most Responsible Companies for 2026, as well as one of America’s Greatest Companies for 2026 Safety record reflecting the safest year in Granite’s history Commitment of $16 million companywide to improve energy efficiency at materials facilities Companywide expansion of energy efficiency and resilience initiatives led by local sustainability champions Improved assessment of climate risks, including the company’s first scenario analysis Diamond Achievement Sustainable Commendations from the National Asphalt Paving Association (NAPA) received by 27 asphalt plants Sustainability Value Add (SVA) highlights providing examples of how Granite creates value and positive impact for clients, employees, and communities About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced results for the quarter ended March 31, 2026. First Quarter 2026 Results Net loss attributable to Granite totaled $42 million, or $(0.96) per diluted share, compared to net loss attributable to Granite of $34 million, or $(0.77) per diluted share, for the same period in the prior year. Adjusted net income attributable to Granite (1) totaled $12 million, or $0.26 per diluted share, compared to adjusted net income attributa.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the Glenn Highway MP 66.5 to 92 Pavement Preservation project by the Alaska Department of Transportation and Public Facilities. The approximately $15M contract is federally funded and was included in Granite’s first quarter 2026 CAP.
We are excited to partner with Alaska DOT&PF and execute on this important infrastructure upgrade
Share Glenn Highway travels 179 miles from Anchorage to Glennallen. A National Scenic Byway, the road provides access to stunning landscapes and a wealth of outdoor activities. Granite’s scope of work includes resurfacing the highway from milepost 83 to 92. Additionally, the project will replace culverts, guardrail, striping, and signage along the length of the project.
“This contract is a great win for the Alaska team and provides key backlog for our Palmer Facility,” says Granite Regional Vice President Ryan Moren. “We are excited to partner with Alaska DOT&PF and execute on this important infrastructure upgrade to keep Alaskans and visitors moving.”
The project is expected to begin in May 2026 and conclude by July 2027. Granite’s Palmer Facility will provide 27,000 tons of hot mix asphalt and the Lucas Quarry will provide 2,300 tons of riprap products.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the Parks Highway MP 315–325 Reconstruction (Construction MP 322–325) project by the Alaska Department of Transportation and Public Facilities. Located near Nenana, Alaska, the project is the second of two phases of the Parks Highway MP 319–325 CM/GC program that Granite has been delivering since 2022. The contract value is approximately $32 million. Work includes approximately 1.2 million cubic ya.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) announced today that it plans to offer $600.0 million aggregate principal amount of senior notes due 2034 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed on an unsecured basis by each of Granite's existing and future domestic subsidiaries that is a borrower or a guarantor under Gra.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) announced today that it has priced its previously announced offering of $600.0 million aggregate principal amount of 6.375% senior notes due 2034 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will be guaranteed by each of Granite's existing and future domestic subsidiaries that is a borrower or gua.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has called all of its outstanding 3.75% Convertible Senior Notes due 2028 (the “2028 Notes”) (CUSIP No. 387328 AD9) for redemption on August 10, 2026 (the “Redemption Date”). The redemption price will be an amount in cash equal to 100% of the principal amount of each 2028 Note called for redemption, plus accrued and unpaid interest on such 2028 Note to, but excluding, the Rede.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the All American Boulevard Construction and Kennedy Boulevard Widening project by Orange County, Florida. The project will deliver critical roadway and intersection improvements aimed at easing congestion and improving traffic flow in a busy commercial corridor. The contract value is approximately $41 million and will be included in Granite's second quarter 2026 CAP. The scope of work includes cons.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced it has been awarded an approximately $19 million Progressive Design-Build (PDB) Guaranteed Maximum Price (GMP) 1 for the Tahoe Cedars Water System Replacement Project by the Tahoe City Public Utility District (TCPUD). The Tahoe Cedars Water System Replacement Project, located on the west shore of Lake Tahoe, California, will modernize critical infrastructure serving the Tahoe Cedars community by replacing aging pipelines and sy.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 15, 2026, to all shareholders of record at the close of business on June 30, 2026. About Granite Granite is America's Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well.
