Granite 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…

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Granite 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…

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First 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…

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Granite 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…

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Granite 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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Granite Wins Six Safety and Environmental Awards From NSSGA

Granite has been honored with six awards including the prestigious Louis Griesemer Sterling Safety large company award by The National Stone, Sand & Gravel Association (NSSGA). The recognition was conferred during the NSSGA Legislative & Policy Forum, held in Washington, D.C. on Sept. 25. The Louis Griesemer Sterling Safety Award is a testament to the steadfast commitment of NSSGA member…

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Granite’s Materials Revenue, Profit Increase in Second Quarter

Granite Construction announced results for the quarter ended June 30, reporting a net loss of $17 million, or $(0.39) per diluted share, compared to net income of $19 million, or $0.39 per diluted share, for the same period in the prior year.  Net loss in the quarter was primarily attributable to a $51 million non-cash charge related to the refinancing…

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Granite’s Adams Honored for Sustainability

Granite Sustainability Manager Raven Adams was recognized by the UN Global Compact Network USA (Network USA) as a 2023 USA SDG Pioneer — a business leader who is championing the Sustainable Development Goals (SDGs) and inspiring others to advance the 2030 Agenda for Sustainable Development. Raven was chosen from a network of more than 1,000 entities from across the United…

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