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.
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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…
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…
Read MoreGranite’s Larkin Named to NAPA Board
Granite President and CEO Kyle Larkin has been selected for appointment to the board of directors of the National Asphalt Pavement Association (NAPA). Larkin will be appointed to an at-large seat starting in 2023, with his first official meeting at the NAPA annual meeting in Miami in February.
Read MoreNSSGA Member Discusses Effective IIJA Implementation at EPW Hearing
Vice President of Land and Quarry Operations at Granite Construction Co. and National Stone, Sand & Gravel Association (NSSGA) member Gary W. Johnson testified in front of the U.S. Senate Committee of Environment and Public Works. He highlighted the industry’s key issues, such as: infrastructure implementation challenges; permitting reform; Buy Clean initiatives; and the current situation with rail service.
Read MoreNSSGA Member Testifying at Upcoming EPW Hearing
Nov. 28, 2022 – On Wed., Nov. 30 at 10:00 a.m. EST, National Stone, Sand & Gravel Association (NSSGA) member Gary W. Johnson, vice president of land and quarry operations at Granite Construction Co., will participate in a hearing held by the Committee of Environment and Public Works on the Bipartisan Infrastructure Law Implementation, examining private sector perspectives. He will share a first-hand perspective on the value aggregates…
Read MoreGranite Materials Revenue Rises in Third Quarter
Granite Construction announced results for the quarter ended Sept. 30. Net income totaled $73 million, or $1.44 per diluted share, compared to net income of $35 million, or $0.73 per diluted share, for the same period in the prior year. Adjusted net income totaled $63 million compared to adjusted net income of $43 million for the same period in the…
Read MoreGranite Reaps Safety Recognition from NSSGA
Granite announced it has been awarded eight Awards of Excellence from the National Stone, Sand & Gravel Association (NSSGA) in 2022. The Awards of Excellence program recognizes “NSSGA member company operations’ achievements in the areas of Community Relations, Environmental, Safety, and Sterling Safety Awards.” Granite secured awards in all four areas, with three Environmental Awards (all bronze), one Safety Award (Bronze),…
Read MoreGranite Joins ‘The Road Forward’ Net Zero Initiative
Granite has joined The Road Forward, an initiative of the National Asphalt Pavement Association (NAPA) to achieve net zero carbon emission asphalt pavements by 2050. The move is the latest Granite has taken to demonstrate its commitment to social responsibility, environmental stewardship, dependable governance, and enduring value in pursuit of sustainability. “Granite is living its value of sustainability, setting an…
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