secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000861459-23-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145923000023/0000861459-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145923000023/gva-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000861459-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer