Granite Construction Q4 EPS $0.84 ($1.23 adj); FY rev $4.0B; guides 2025 rev $4.2-4.4B

GRANITE CONSTRUCTION INC

2024-FY EPS reported $2.62 revenue$4,007,574,000

Q4 revenue $977M (+5% YoY); FY revenue $4.0B (+14% YoY); record operating cash flow $456M.
Q4 diluted EPS $0.84; adjusted diluted EPS $1.23. FY diluted EPS $2.62; adjusted $4.82.
Construction segment gross margin improved to 14.4% (FY) from 10.9% prior year on better project execution.
Committed & Awarded Projects (CAP) $5.3B; bidding activity robust with significant awards expected H1 2025.
FY2025 guidance: revenue $4.2-4.4B, adj EBITDA margin 11-12%, capex $140-160M including ~$50M strategic materials.

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