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Tag: Granite


News

Granite reports higher profits but stumbles on accounting again

February 17, 2023

Via: Construction Dive

The firm’s backlog measured $4.5 billion at the end of 2022, a $475 million, 11.8% increase from a year earlier. That amount included $1.7 billion, a company record, from the firm’s California group. In Granite’s home state, the firm said […]


News

Granite Construction’s profits flat, revenue falls in Q3

October 28, 2022

Via: Construction Dive

Granite has made progress in eliminating its group of less profitable projects, as it executes its strategy to move away from sprawling design-build contracts toward simpler projects in its target markets of California, Utah and Arizona. Unfortunately, challenges and delays […]


News

Granite’s Q2 profit, revenue dip as company continues strategic shift

July 29, 2022

Via: Construction Dive

The company’s profits in Q2 stood at $78 million, down 20.4% year over year, but up 56% from Q1. Granite’s revenue for Q2 was $768 million, down 8% from the same period last year and up 40% from last quarter. […]