Granite Construction Q4 revenue up 18% to $934M; FY adj diluted EPS $3.14; 2024 revenue guidance $3.8-4.0B

GRANITE CONSTRUCTION INC

2023-FY EPS reported $0.97 revenue$3,509,138,000

Q4 adjusted diluted EPS of $0.82, up from $0.56 YoY; GAAP EPS $0.55 vs $0.46.
FY 2023 GAAP net income $44M ($0.97 EPS) down from $83M ($1.70) due to $73M in legacy project charges (Tappan Zee, I-64).
Committed & Awarded Projects (CAP) rose 24% YoY to $5.5B; operating cash flow 5.2% of revenue.
2024 guidance: revenue $3.8-4.0B, adjusted EBITDA margin 9-11%, capex $130-150M including $50M strategic materials investments.
Acquired Lehman-Roberts & Memphis Stone & Gravel, adding 140M tons of reserves and expanding into Southeast.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRANITE CONSTRUCTION INC reported financial results for the three and twelve months ended December 31, 2023.

Period: the three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, Granite Construction Incorporated (the “Company”) issued a press release with respect to its earnings for the three and twelve months ended December 31, 2023, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

GRANITE CONSTRUCTION INC filing history →

Source: SEC EDGAR

accession 0000861459-24-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.