---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024861"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:34:46.692572+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Granite Construction Q3 EPS $1.44, raises FY22 adjusted EBITDA margin guidance to 6%-7%

## Summary
- Net income $73M ($1.44 diluted EPS); adjusted diluted EPS $1.41, vs $0.93 prior year.
- Revenue $1,010M (-$52M YoY); comparable revenue up $13M excluding divested Granite Inliner.
- Construction segment gross margin ex-ORP improved to 14.8% (from 13.3% YoY); ORP loss $21M on $44M revenue.
- CAP $4.08B; cash + marketable securities $317M, debt $288M (80% fixed rate).
- FY22 adjusted EBITDA margin guidance raised to 6%-7% (from prior 5%-6% implied); expects 2023 mid-point at least 8%.

## SEC filing metadata
- accession: 0001437749-22-024861
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/861459/000143774922024861/0001437749-22-024861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000143774922024861/gva20220808_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024861
- JSON: https://secwatch.observer/filing/0001437749-22-024861.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024861.txt

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