Granite Construction reported that revenue increased to $563.4 million, up 20.3 percent year-over-year for the quarter ended March 31, 2018. Construction Materials revenue increased 32.5 percent to $45.7 million, compared with $34.5 million last year. However, the company reported a net loss of $11.4 million, compared to a net loss of $23.8 million in the first quarter.
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Acquisition Activity Impacts Granite Construction’s First Quarter
Granite Construction Inc. reported a net loss of $11.4 million for the quarter ended March 31, 2018, compared to a net loss of $23.8 million in the first quarter of 2017. First quarter 2018 results include the impact of acquisition expenses related to Granite’s announced and pending acquisition of Layne Christensen Co. and from its recently completed purchase of LiquiForce.
Read MoreGranite Construction Acquires LiquiForce
Granite Construction Inc. has acquired LiquiForce, a privately-owned company which serves public and private sector water and wastewater customers in both Canada and the United States.
Read MoreGranite Construction Materials Revenue Up 12 Percent
Granite Construction Inc. reported net income of $69.1 million for the year ended Dec. 31, 2017 compared with net income of $57.1 million in the prior year. Diluted earnings per share (EPS) for the year was $1.71 compared to $1.42 per share in 2016.
Read MoreGranite Construction Has Strong Second Quarter
Granite Construction reported net income of $14.1 million for the quarter ended June 30, 2016, compared to net income of $9.6 million in the second quarter of 2015.
Read MoreGranite Construction Launches Redesigned Website
Granite Construction Inc. announced the launch of its newly redesigned corporate website, GraniteConstruction.com. Based on the theme “Building Value Together,” the brand essence of the site focuses on the “strength of our partnerships and the power of building better together with our clients, our employees and our partners,” the company said.
Read MoreGranite Construction Named ‘Trustworthy Company’
Granite Construction Inc. announced that the company has been named to the Forbes list of 100 Most Trustworthy Companies in America.
Read MoreGranite Construction Lands Dam Project
Granite Construction has been awarded a $72 million contract by the U.S. Army Corps of Engineers (USACE) to build new outlet structures at the Addicks and Barker Dams in Houston.
Read MoreFirst Look – July 2015
TOP NEWS Granite Construction Sees Construction Materials Increase Construction Materials revenue in the first quarter of 2015 increased 16.8 percent to $41.4 million, compared with $35.5 million last year. America’s Rural Roads In Critical Need of Repair A new report released by TRIP finds that the nation’s rural transportation system is in need of improvements. U.S. Open Played on Reclaimed…
Read MoreFirst Look – December 2014
TOP NEWS AEM, Rock Products Team Up for Conference The educational program at CONEXPO Latin America 2015 will feature a new one-day aggregates conference organized by Rock Products and Mining Media International. 60 Minutes Reports on Infrastructure CBS News program 60 Minutes illustrated in the gravest terms the dire conditions of America’s roads and bridges – and indicted congressional inaction…
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