secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001437749-22-024861
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000143774922024861/0001437749-22-024861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000143774922024861/gva20220808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024861

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