---
schema_version: "secwatch.filing_event.v1"
accession: "0000861459-23-000014"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:44:15.680407+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Granite Construction Q2 net loss $17M on $51M bond charge; adjusted EPS $1.03 vs $0.76; CAP record $5.4B

## Summary
- Q2 GAAP net loss $17M ($0.39 loss per share) included $51M non-cash bond charge and $12M litigation charge.
- Adjusted net income $46M, adjusted diluted EPS $1.03 (vs $0.76); revenue up $50M to $899M.
- Record CAP of $5.4B, up $1.2B YoY and $334M sequentially; California group led with $2.35B.
- I-64 High Rise Bridge project reduced Q2 gross profit by $21M ($10M after non-controlling interest); completion expected early Q4.
- FY 2023 guidance: revenue $3.35-3.45B, adj. EBITDA margin 7.5-8.5%, capex $100-120M.

## SEC filing metadata
- accession: 0000861459-23-000014
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000086145923000014/0000861459-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000086145923000014/gva-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000861459-23-000014
- JSON: https://secwatch.observer/filing/0000861459-23-000014.json
- Plain text: https://secwatch.observer/filing/0000861459-23-000014.txt

## Key facts
- Earnings Releases
  GRANITE CONSTRUCTION INC reported three months ended June 30, 2023 results: revenue $899 million, net income net loss of $17 million, EPS $(0.39) per diluted share.
  - Period: three months ended June 30, 2023
  - Revenue: $899 million
  - Net income: net loss of $17 million
  - EPS: $(0.39) per diluted share
  - Result: reported results
  source text: Second Quarter 2023 Results Net loss totaled $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 of our convertible bonds and a $12 million charge for litigation. Adjusted net income (2) totaled $46 million, or $1.03 per diluted share, compared to adjusted net income (2) of $34 million, or $0.76 per diluted share, in the same period in the prior year. • Revenue increased $50 million to $899 million compared to $849 million in the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/861459/000086145923000014/0000861459-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.