secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0000861459-26-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145926000016/0000861459-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145926000016/gva-20260430.htm
  HTML page:      https://secwatch.observer/filing/0000861459-26-000016

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