---
schema_version: "secwatch.filing_event.v1"
accession: "0000861459-23-000023"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:17:32.379687+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Granite Construction Q3 revenue up 11% to $1.1B; adjusted EPS $1.69 vs $1.28; CAP record $5.6B

## Summary
- Q3 revenue $1.1B (+11% YoY); adjusted diluted EPS $1.69 vs $1.28 in prior year.
- Record Committed & Awarded Projects (CAP) of $5.6B, up $1.5B YoY.
- Construction segment gross margin improved to 14.5% from 11.0% in Q3 2022.
- 2023 guidance reaffirmed: revenue $3.35-3.45B, adjusted EBITDA margin 7.5-8.5%.
- I-64 High Rise Bridge project reduced Q3 gross profit by $8M; final completion expected Q4.

## SEC filing metadata
- accession: 0000861459-23-000023
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000086145923000023/0000861459-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000086145923000023/gva-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000861459-23-000023
- JSON: https://secwatch.observer/filing/0000861459-23-000023.json
- Plain text: https://secwatch.observer/filing/0000861459-23-000023.txt

## Key facts
- Earnings Releases
  GRANITE CONSTRUCTION INC reported the three and nine months ended September 30, 2023 results: revenue $1.1 billion, net income $58 million, EPS $1.13 per diluted share.
  - Period: the three and nine months ended September 30, 2023
  - Revenue: $1.1 billion
  - Net income: $58 million
  - EPS: $1.13 per diluted share
  - Result: reported results
  source text: be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Granite Reports Third Quarter 2023 Results • Q3 revenue increased 11% year-over-year to $1.1 billion • Q3 diluted EPS of $1.13 and adjusted diluted EPS (1) of $1.69 • Operating cash flow increased $153 million sequentially • Record Committed and Awarded Projects ("CAP") (2) of
  evidence_url: https://www.sec.gov/Archives/edgar/data/861459/000086145923000023/0000861459-23-000023-index.htm

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