Granite announced that it has received six awards, including the Bronze Louis Griesemer Sterling Safety Award for large companies, from the National Stone, Sand & Gravel Association (NSSGA). These honors were presented at the NSSGA Legislative & Policy Forum in Washington, D.C., on Sept. 27. The Louis Griesemer Sterling Safety Award highlights the commitment of NSSGA member companies to prioritize…
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Granite Completes D&B Transaction
Aug. 13, 2024 – Granite Construction continues to grow its business further from its West Coast base. The company completed the acquisition of Dickerson & Bowen Inc. (D&B), a regional aggregates, asphalt and highway construction company serving central and southern Mississippi. The acquisition is a highly complementary bolt-on to the company’s 2023 acquisition of Lehman-Roberts Company/Memphis Stone & Gravel, and…
Read MoreGranite Announces Results; Agreement to Acquire Dickerson & Bowen
Granite Construction Inc. released its second-quarter financial report, noting revenue increased $183 million to $1.1 billion compared to $899 million for the same period in the prior year. The Construction and Materials segments posted year-over-year increases of 22% and 10%, respectively. The company also announced that it has entered into an agreement, subject to customary closing conditions, to acquire Dickerson…
Read MoreGranite Acquisitions Pay Dividends in Tennessee
In the fourth quarter of 2023, Granite expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring Lehman-Roberts Co. and Memphis Stone & Gravel Co. (MSG). These long-standing asphalt paving, and asphalt and aggregates producers and suppliers have won numerous new contracts to date in 2024.
Read MoreGranite Construction Inc. Revenues Rise in First Quarter
Granite Construction Inc. announced results for the quarter ended March 31. Revenue increased $112 million to $672 million compared to $560 million for the same period in the prior year. The Construction and Materials segments posted year-over-year increases of 18% and 36%, respectively. Gross profit increased $22 million to $54 million compared to $32 million for the same period in…
Read MoreGranite Touts 20 Plants Honored for Safety
Granite touted 20 of its plants that were awarded National Stone, Sand & Gravel Association (NSSGA) Safety Excellence Awards in 2023 for outstanding commitment to safety. The Safety Excellence Awards, established in 1987, promote safe working conditions and practices. The awards recognize individual operations that have demonstrated exemplary safety performance. The awards are presented to applicants who are selected by…
Read MoreFirst Look – January 2024
TOP NEWS Granite Granite Construction announced the acquisition of Lehman-Roberts Co. and Memphis Stone & Gravel Co., longstanding asphalt paving and asphalt and aggregates producers and suppliers. Silvi Materials Shipping sand products to Brooklyn, N.Y., and the five boroughs of Manhattan is a challenge. But Silvi Materials now has a new high-quality, cost-effective solution, launching barges from a new port located about…
Read MoreGranite Named 2023 IRTBA Sustainability Champion
Granite has been named the 2023 Sustainability Champion by the Illinois Road and Transportation Builders Association (IRTBA) Sustainability Council for its work on the Joint Venture Cicero Ogden Intermodal Civil Improvements Project with K-Five Construction. The project, recognized for its innovative and sustainable practices, achieved an 11,000 cu. yd. reduction in excavation and recycled 23,000 tons of aggregate base material…
Read MoreGranite Acquires Lehman-Roberts, Memphis Stone & Gravel
Granite Construction announced the acquisition of Lehman-Roberts Co, ( LRC) and Memphis Stone & Gravel Co. (MSG), longstanding asphalt paving and asphalt and aggregates producers and suppliers.
Read MoreGranite Grows Materials Segment in Third Quarter
Granite Construction Inc. announced results for the quarter ended Sept. 30, and the first nine months of the year. Net income in the third quarter 2023 totaled $58 million, or $1.13 per diluted share, compared to net income of $69 million, or $1.36 per diluted share, for the same period in the prior year. Adjusted net income totaled $75 million,…
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