secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000861459-24-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Q2 net income $37M, adjusted EPS $1.73; to acquire Dickerson & Bowen
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- Q2 revenue $1.1B (+20% YoY); diluted EPS $0.76 vs $(0.39) loss prior year.
- Adjusted diluted EPS $1.73 vs $1.06; adjusted EBITDA $130M vs $81M.
- CAP $5.6B (+$77M sequentially); revenue guidance narrowed to $3.9B-$4.0B.
- Agreed to acquire Dickerson & Bowen (MS aggregates/asphalt); expected Q3 close.
- Acquisition adds 4 asphalt plants and 3 sand/gravel pits, expanding SE footprint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000033/0000861459-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000033/gva-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000861459-24-000033

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