Granite Construction Q2 EPS $1.42 vs $0.76 YoY; raises 2025 guidance on acquisitions

GRANITE CONSTRUCTION INC

2025-Q2 EPS reported $0.84 revenue$1,825,511,000

Q2 revenue up 4% to $1.13B; gross profit up 21% to $199M.
Diluted EPS $1.42 (GAAP), adjusted diluted EPS $1.93; net income $72M.
Record committed and awarded projects CAP $6.1B, up $324M sequentially.
Guides FY 2025 revenue $4.35–4.55B (incl. ~$150M from Warren Paving & Papich acquisitions); adjusted EBITDA margin 11.25–12.25%.
Construction segment gross margin improved to 16.4% from 14.7%; materials segment cash gross profit up 50% to $59M.

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