other material
confidence high
sentiment neutral
materiality 0.50
Granite reclassifies Water Resources & Mineral Services back to continuing ops, restates historical data
GRANITE CONSTRUCTION INC
- Water Resources and Mineral Services businesses, previously held for sale, will now be reported in Mountain segment.
- Inliner, sold March 16, 2022, also moved to continuing operations within Mountain segment.
- Restated segment revenue and gross profit for each quarter of 2021-2022 and full years 2020-2021 are provided.
- No change to previously reported consolidated net income, total assets, liabilities, or equity.
- Restatement effective with Q3 2022 10-Q; prior periods will be revised.