Granite Construction Inc
F:GRG
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
G
|
Granite Construction Inc
F:GRG
|
US |
|
H
|
Hain Celestial Group Inc
SWB:HF1
|
US |
|
Malin Corporation PLC
OTC:MLLNF
|
IE |
|
Boston Beer Company Inc
NYSE:SAM
|
US |
|
Range Resources Corp
NYSE:RRC
|
US |
|
D
|
DSV A/S
XBER:DS81
|
DK |
|
Cummins India Ltd
BSE:500480
|
IN |
|
S
|
Sumitomo Chemical Co Ltd
TSE:4005
|
JP |
Granite Construction Inc
Granite Construction builds and repairs public infrastructure in the United States. It works on roads, highways, bridges, tunnels, airport runways, water systems, and other heavy civil projects. The company also supplies construction materials such as aggregates and asphalt that are used in those projects. Its main customers are government agencies, municipalities, transportation departments, and private companies that need large-scale infrastructure work. Granite makes money by bidding on contracts to design, build, and maintain projects, and by selling materials from its own quarries and asphalt plants. This gives it two linked businesses: one that does the construction work and one that supplies the raw materials used on that work. What makes Granite different is that it sits close to the core of infrastructure spending. It is not a software company or a general contractor for buildings; it specializes in hard civil projects where experience with engineering, materials, and field execution matters. That combination of contracting and materials supply helps it control more of the project value chain.
Granite Construction builds and repairs public infrastructure in the United States. It works on roads, highways, bridges, tunnels, airport runways, water systems, and other heavy civil projects. The company also supplies construction materials such as aggregates and asphalt that are used in those projects.
Its main customers are government agencies, municipalities, transportation departments, and private companies that need large-scale infrastructure work. Granite makes money by bidding on contracts to design, build, and maintain projects, and by selling materials from its own quarries and asphalt plants. This gives it two linked businesses: one that does the construction work and one that supplies the raw materials used on that work.
What makes Granite different is that it sits close to the core of infrastructure spending. It is not a software company or a general contractor for buildings; it specializes in hard civil projects where experience with engineering, materials, and field execution matters. That combination of contracting and materials supply helps it control more of the project value chain.
Revenue beat: Granite said first-quarter revenue rose 30% to $912 million, with strength in both Construction and Materials.
Guidance raised: The company lifted full-year revenue guidance to $5.2 billion to $5.4 billion and increased adjusted EBITDA margin guidance to 12.25% to 13.25%.
Strong backlog: CAP ended the quarter at $7.2 billion, up $200 million from Q4, even after a rare project cancellation in California.
Acquisition boost: Granite closed on Kenny Seng Construction and expects it to add about $150 million of annual revenue with an accretive adjusted EBITDA margin in the high teens.
Materials momentum: Management said Materials demand is ahead of expectations, helped by Warren Paving and stronger pricing, and it expects that trend to continue.
Cost controls: The company said higher oil prices have not changed the annual outlook, citing hedges, storage, contracts, and energy surcharges as offsets.
