Granite Q1 revenue up 20% to $672M; net loss widens to $(0.70) EPS; adjusted EBITDA guidance raised

GRANITE CONSTRUCTION INC

2024-Q1 EPS reported -$0.70 revenue$672,275,000

Revenue $672M (+20% YoY); net loss $31M ($0.70 diluted loss) vs $23M loss ($0.53) a year ago.
Adjusted net loss $9M ($0.21 diluted loss) improved from $14M loss ($0.33) prior year.
Operating cash flow $24M, up $101M YoY; CAP $5.5B (+$395M YoY).
Guidance: revenue $3.8-4.0B; adjusted EBITDA margin raised to 9.5-11.5% (from 9.0-11.0%).
Reorganized operations to align leadership with construction and materials reportable segments.

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 0.95

GRANITE CONSTRUCTION INC reported the quarter ended March 31, 2024 results: revenue $672 million, net income Net loss attributable to Granite Construction Incorporated totaled $31 million, EPS $(0.70) per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $672 million
Net income: Net loss attributable to Granite Construction Incorporated totaled $31 million
EPS: $(0.70) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Granite Reports First Quarter 2024 Results • Q1 revenue increased 20% year-over-year to $672 million • Q1 diluted EPS of $(0.70) and adjusted diluted EPS (1) of $(0.21) • Q1 operating cash flow increased $101 million year-over-year to $24 million • Reorganized operations to

View on SEC.gov

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

GRANITE CONSTRUCTION INC filing history →

Source: SEC EDGAR

accession 0000861459-24-000018

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.