Granite has had a strong start to 2025 with record CAP levels, significant growth in the Materials segment, and improved execution in the Construction segment. However, weather impacts and ongoing tariff concerns present challenges.
Company Guidance
During the Granite 2025 First Quarter Conference Call, the company reaffirmed its guidance and financial targets for 2025 and 2027, despite uncertainties in the macroeconomic environment. The guidance for 2025 includes expected revenue between $4.2 billion and $4.4 billion, with an adjusted EBITDA margin of 11% to 12%. The company reported a strong start to the year with a revenue increase of $28 million or 4%, a gross profit increase of $30 million or 54%, and an adjusted EBITDA improvement of $14 million. The Construction segment showed a revenue increase of $19 million, reaching $615 million, and a gross profit margin increase to 14%. The Materials segment saw a revenue increase of $8 million, with expectations for further revenue and profit improvements throughout the year. The company also aims for operating cash flow to be 9% of revenue for 2025 and plans to complete two to three M&A deals within the year.
Strong Start to 2025
Granite's performance in the first quarter of 2025 is in line with expectations, with an increase in CAP to a record $5.7 billion and a strong bidding environment.
Materials Segment Growth
Significant investments in the Materials segment have increased reserves by 56% to 1.6 billion tons. The company added 11 new aggregate crushing plants and 10 new asphalt plants over three years, improving margins.
Increase in Construction Segment Gross Profit
Construction segment gross profit improved by $29 million to $85 million, with a gross profit margin of 14%, driven by improved execution.
Positive Financial Performance
Revenue increased by $28 million or 4%, gross profit increased by $30 million or 54%, and adjusted EBITDA improved by $14 million.
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Granite Construction (GVA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GVA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 01, 2025
$81.29
$79.37
-2.36%
Feb 13, 2025
$86.53
$87.03
+0.58%
Oct 31, 2024
$81.80
$83.78
+2.42%
Aug 01, 2024
$68.13
$69.05
+1.35%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Granite Construction (GVA) report earnings?
Granite Construction (GVA) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Granite Construction (GVA) earnings time?
Granite Construction (GVA) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.