Granite Q1 revenue up 30% to $912M, raises FY guidance, acquires Kenny Seng Construction

GRANITE CONSTRUCTION INC

2026-Q1 EPS reported -$0.96 revenue$912,465,000

Q1 revenue $912M (+30% YoY); adjusted EPS $0.26 vs $0.01; adjusted EBITDA $58M (+106%)
GAAP net loss $42M ($0.96/share) vs $34M loss YoY; adjusted net income $12M ($0.26/share)
CAP hits record $7.2B (+$200M sequentially); includes $640M of CBP tactical infrastructure work
Acquired Kenny Seng Construction on Apr 23, 2026, expanding vertical integration in Utah home market
Raised FY2026 rev guidance to $5.2B-$5.4B (from $4.9B-$5.1B); adj EBITDA margin 12.25%-13.25% (from 12.0%-13.0%)

item 2.02 item 9.01

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accession 0000861459-26-000016

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