Granite Construction announced results for the quarter and year ended Dec. 31, 2024. Fourth quarter revenue increased 5% year-over-year to $977 million, and fiscal year revenue increased 14% year-over-year to $4.0 billion.
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Granite Named One of Newsweek’s America’sMost Responsible Companies
For the third consecutive year, Granite has been listed by Newsweek as one of America’s Most Responsible Companies. Newsweek and Statista Inc., the statistics portal and industry ranking provider, present this award to recognize companies for their commitment to doing the right thing for people, the planet and their communities. This list highlights companies that excel in corporate responsibility, sustainability…
Read MoreRock Products Talks Tech With Bulk Exchange
Bulk Exchange, the industry’s source for bulk materials, announced it has appointed Bryan Stolle to its board of directors. Stolle is a former successful entrepreneur and company builder, as well as a founding partner of Wildcat Venture Partners where he invests in SaaS, fintech and other technology focuses fundamental to Bulk Exchange. “I was immediately drawn to Bulk Exchange because…
Read MoreGranite Named One of Newsweek’s America’s Most Responsible Companies
For the third consecutive year, Granite has been listed by Newsweek as one of America’s Most Responsible Companies. Newsweek and Statista Inc., the statistics portal and industry ranking provider, present this award to recognize companies for their commitment to doing the right thing for people, the planet and their communities. This list highlights companies that excel in corporate responsibility, sustainability and ethical practices. The…
Read MoreGranite Announces Six Safety and Environmental Awards From NSSGA
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…
Read MoreGranite 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…
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