Granite is reporting a second-quarter net loss from continuing operations of $2 million, or $0.05 per diluted share, compared to net income from continuing operations of $25 million, or $0.52 per diluted share, in the same period in the prior year.
Read MoreTag: Granite Construction
CEMEX, Granite Focus on Sustainability
CEMEX USA wrapped up its second annual Sustainability Month, celebrating Earth Day and the company’s longstanding commitment to sustainability and circular economy with activities across the United States designed to promote environmental awareness and encourage positive action for our planet. Throughout April, CEMEX USA held events nationwide that included educational seminars, tree plantings and tree distributions to encourage employees, customers…
Read MoreGranite to Build New Plant in Utah
Granite announced that it has acquired and will start development on a new aggregate operation near Grantsville, Utah. Located approximately 30 miles west of Salt Lake City on Interstate 80, the site covers approximately 640 acres. The material comes from an alluvial deposit containing 99 million tons of recoverable rock. “We are pleased to be moving forward with the Grantsville…
Read MoreGranite Publishes 2021 Sustainability Report
Granite published its 2021 Sustainability Report, highlighting the company’s advancement on environmental, social and governance (ESG) initiatives. “Sustainability is central to the purpose of our business as we seek to provide infrastructure solutions that support more sustainable and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin. “The theme of this Sustainability Report – Building Beyond 100 –…
Read MoreGranite Materials Group Revenues Increase in First Quarter
Granite Construction Inc. announced results for the quarter ended March 31, 2022. The company said a net loss from continuing operations totaled $19 million, or $0.42 per diluted share, compared to a net loss from continuing operations of ($63) million, or $1.38 per diluted share, in the prior year. Revenue decreased $18 million to $548 million compared to $566 million…
Read MoreCalifornia Recycling Bill Advances
April 22, 2022 – CalCIMA’s Construction Material Recycling Bill Passed its First Committee Without Opposition. CalCIMA’s Charley Rea and several member companies testified on behalf of Assemblymember Rudy Salas’ AB 2953 promoting increased recycling of construction materials in pavements at the local level. The legislation would both decrease pavement costs and carbon emissions for pavements statewide. As the Assemblyman pointed…
Read MoreGranite’s GARCO Lab Joins Green Business Network
Granite announced that GARCO’s San Jose Testing Laboratory recently joined the California Green Business Network. The testing facility functions as the base of operations for materials testing across Granite’s Coastal California Region. As part of the Green Business certification, the facility satisfied targets for energy efficiency, water conservation, procurement, and materials management.
Read MoreFirst Look – April 2022
Granite Construction Sells Trenchless and Pipe Rehab Business
Granite Construction announced the close of the sale of its trenchless and pipe rehabilitation services business (Inliner) to Inland Pipe Rehabilitation, a portfolio company of investment affiliates of J.F. Lehman & Co., for a purchase price of $159.7 million.
Read MoreRock for Utah: The I-80 South Quarry
Feb. 9, 2022 – This just in from the “community outreach is critical” department: Granite Construction and Tree Farm LLC are partnering to develop the I-80 South Quarry in Parleys Canyon, Utah. A website detailing the project is available to view, and hopefully it will create a positive perception of the project, allowing it to ultimately move forward. In the past decade, Utah’s…
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