secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000861459-24-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000018/0000861459-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000018/gva-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000861459-24-000018

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