secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000861459-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Q3 revenue up 14% to $1.3B; adjusted EPS $2.05 vs $1.72; guides adj. EBITDA margin 10-11%
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- Q3 net income of $79M ($1.57 diluted EPS); adjusted net income $91M ($2.05 adjusted EPS).
- Record Committed and Awarded Projects (CAP) of $5.6B, up $44M sequentially.
- Acquired Dickerson & Bowen, Inc. to expand southeast home market; bolt-on M&A strategy continues.
- Updated 2024 guidance: adjusted EBITDA margin narrowed to 10-11% (prior 9.5-11.5%); SG&A now 8.3-8.5% due to incentive comp.
- Year-to-date operating cash flow increased $249M YoY; revenue range unchanged $3.9-4.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000043/0000861459-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000043/gva-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000861459-24-000043

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