---
schema_version: "secwatch.filing_event.v1"
accession: "0000861459-24-000003"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:25:00.092257+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000861459-24-000003
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000086145924000003/0000861459-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000086145924000003/gva-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000861459-24-000003
- JSON: https://secwatch.observer/filing/0000861459-24-000003.json
- Plain text: https://secwatch.observer/filing/0000861459-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/861459/000086145924000003/0000861459-24-000003-index.htm

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