---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-017936"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:51:35.345694+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Granite Q2 net loss of $2M; cuts adjusted EBITDA margin guidance to 5.5-6.5%

## Summary
- Q2 net loss $2M ($0.05/sh) vs net income $25M ($0.52) a year ago.
- Revenue $768M, down $67M YoY; gross margin 10.2% vs 11.8%; ORP gross loss $21M on $49M revenue.
- Adjusted net income $17M ($0.38) vs $30M ($0.66); adj. EBITDA $39M vs $62M.
- CAP up $279M sequentially to $4.2B; materials revenue +12% but margin fell to 12.7% from 18.1%.
- FY2022 adj. EBITDA margin guidance cut to 5.5-6.5% from 6-8%; $12M accrued for SEC resolution.

## SEC filing metadata
- accession: 0001437749-22-017936
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000143774922017936/0001437749-22-017936-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000143774922017936/gva20220504_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-017936
- JSON: https://secwatch.observer/filing/0001437749-22-017936.json
- Plain text: https://secwatch.observer/filing/0001437749-22-017936.txt

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