---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-009966"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:46:37.676050+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Granite Construction Q1 net loss ($0.42) per share; revenue down 3.3% YoY

## Summary
- Net loss from continuing ops $19M ($0.42/diluted); adjusted net loss $13M ($0.28/diluted).
- Revenue $548M, down 3.3% YoY; gross profit margin 9.1% vs 9.5% prior year.
- CAP $3.9B, down $237M YoY; California + Mountain groups up $394M offset by Central down $632M.
- Completed sale of Granite Inliner; used proceeds to pay down half of term loan and repurchased 611K shares.
- FY2022 guidance unchanged: low single-digit revenue growth, adjusted EBITDA margin 6-8%, capex $100-115M.

## SEC filing metadata
- accession: 0001437749-22-009966
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000143774922009966/0001437749-22-009966-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000143774922009966/gva20220302_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-009966
- JSON: https://secwatch.observer/filing/0001437749-22-009966.json
- Plain text: https://secwatch.observer/filing/0001437749-22-009966.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.