Last $35.49 USD
Change Today -0.05 / -0.14%
Volume 108.2K
GVA On Other Exchanges
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Exchange
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As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

granite construction inc (GVA) Snapshot

Open
$35.66
Previous Close
$35.54
Day High
$35.74
Day Low
$35.40
52 Week High
03/25/14 - $40.55
52 Week Low
09/3/13 - $27.88
Market Cap
1.4B
Average Volume 10 Days
127.5K
EPS TTM
$-0.03
Shares Outstanding
39.2M
EX-Date
06/26/14
P/E TM
--
Dividend
$0.52
Dividend Yield
1.47%
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 in four segments: Construction, Large Project Construction, Construction Materials, and Real Estate. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, electric 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, electric 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 Real Estate segment develops, operates, and sells real estate related projects; and provides real estate services. This segment’s portfolio consists of residential, retail, and office site development projects for sale to home and commercial property developers. 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. The company was founded in 1922 and is based in Watsonville, California.

1,600 Employees
Last Reported Date: 03/3/14
Founded in 1922

granite construction inc (GVA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $814.8K
Chief Financial Officer, Principal Accounting...
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: $431.9K
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 Reports Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Consolidated Financial Guidance for 2014

Granite Construction Incorporated reported unaudited consolidated financial results for the second quarter and half year ended June 30, 2014. For the quarter, total revenue was $585,870,000 against $550,348,000 a year ago. Operating income was $34,310,000 against $6,113,000 a year ago. Income before provision for income taxes was $32,491,000 against $2,996,000 a year ago. Net income attributable to the company was $13,641,000 or $0.34 per diluted share against $1,419,000 or $0.04 per basic and diluted share a year ago. EBITDA was $43,897,000. Profit performance was driven by projects reaching profit recognition, dispute resolution, and overall improved project execution in both the Construction and Large Project Construction segments, combined with improved volumes and efficiency gains in the Construction Materials segment. For the half year, total revenue was $965,717,000 against $929,052,000 a year ago. Operating income was $7,362,000 against operating loss of $19,904,000 a year ago. Income before provision for income taxes was $3,165,000 against loss before benefit from income taxes of $25,858,000 a year ago. Net loss attributable to the company was $6,913,000 or $0.18 per basic and diluted share against $20,563,000 or $0.53 per basic and diluted share a year ago. Net cash used in operating activities was $72,388,000 against $51,648,000 a year ago. Purchases of property and equipment were $20,091,000 against $19,422,000 a year ago. EBITDA was $34,229,000. The company's current expectations for 2014 remain consolidated revenues from $2.4 billion to $2.8 billion, gross profit significantly improved from 2013 and consolidated EBITDA margin of 5% to 7%.

Granite Construction Incorporated to Report Q2, 2014 Results on Aug 01, 2014

Granite Construction Incorporated announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 01, 2014

Granite Construction Incorporated, Q2 2014 Earnings Call, Aug 01, 2014

Granite Construction Incorporated, Q2 2014 Earnings Call, Aug 01, 2014

 

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Industry Analysis

GVA

Industry Average

Valuation GVA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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