Granite reports Q1 adjusted EPS 1c vs. (21c) last year

Reports Q1 revenue $700M, consensus $706.15M. “We are off to a great start in 2025,” said CEO Kyle Larkin. “Bidding opportunities have consistently increased over the past several years. This trend has continued in 2025, as demonstrated by our record CAP of $5.7B at the end of the quarter. There are numerous opportunities in both the public and private markets to continue to build CAP in 2025. Although there is uncertainty in the macro-economic environment, we are well positioned to meet our guidance for 2025 as well as our 2027 financial targets. This quarter marks the first time that we have disclosed product-level detail for aggregates and asphalt in the Materials segment. These disclosures build on the journey that started one year ago with the realignment of our operational leadership to better leverage our teams’ expertise within both the Construction and Materials segments. I am particularly proud of the progress our teams made in raising aggregate margins, and I believe there will be additional growth in the years ahead as we execute on our vertical integration strategy.”