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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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,…

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Granite 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.

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Granite 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…

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Granite 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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