The Associated General Contractors of California (AGC of California) and the AGC Construction Education Foundation (AGC CEF) announced Granite Construction as the Presenting Partner of AGC of California’s Inclusive Leaders Institute.
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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…
Read MoreGranite’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…
Read MoreFIRST LOOK – July 2023
Granite’s ‘Sustainable Practices | Materials’ video Wins a Telly Award
Granite announced its “Sustainable Practices | Materials” video has been named Best General Non-Broadcast in the 44th Annual Telly Awards. The Telly Awards honors excellence in video and television across all screens and is judged by leaders from video platforms, television, streaming networks, production companies and including Adobe, BBC World Service, Netflix, Dow Jones, Complex Networks, Jennifer Garner, A&E Networks,…
Read MoreGranite Begins Public Comment Period on Utah Parley’s Canyon Project
Granite has received approval from the Utah Department of Air Quality (UDAQ) to begin the public comment period as part of Granite’s Parleys I-80 South Quarry small mine air permit application. During this rigorous application process, the application undergoes a comprehensive 30-day comment period, allowing the public to provide valuable input.
Read MoreExtreme Weather Hampers Granite First-Quarter Results
Granite Construction Inc. announced results for the quarter ended March 31, reporting a net loss of $23 million, or $0.53 per diluted share, compared to net loss of $27 million, or $0.58 per diluted share, for the same period in the prior year.
Read MoreGranite Acquires Coast Mountain Resources on Vancouver Island
Granite has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction-aggregate producer based in British Columbia, Canada, on Malahat First Nation land. Coast Mountain Resources operates the Bamberton Quarry on Vancouver Island, which is strategically located on the deep water of the Saanich Inlet. Granite has been a customer of the quarry due to its high-quality aggregate and…
Read MoreGranite Acquires Brunswick Canyon Quarry
Granite has purchased the high-quality aggregate-producing Brunswick Canyon quarry and asphalt plant in Carson City, Nev. The acquisition supports Granite’s vertically integrated business in northern Nevada, aligning with the Nevada Region’s home market strategy.
Read MoreGranite Construction Reports 2022 Net Income Increase
Granite Construction Inc. announced results for the fourth quarter and year ended Dec. 31, 2022. Fourth quarter 2022 net income totaled $22 million, or $0.46 per diluted share, compared to a net loss of $13 million, or $0.29 per diluted share, in the same period of the prior year. Fourth quarter 2022 adjusted net income totaled $25 million, or $0.56 per diluted…
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