---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003566"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T10:02:10.638651+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Granite Construction restates Q1-Q3 2022; reports FY2022 EPS $1.70, guides FY2023 rev $3.4-3.6B

## Summary
- Non-reliance on Q1-Q3 2022 financials due to $12.3M deferred tax error from sale of trenchless business.
- Expects to report material weakness in disclosure controls and procedures in 10-K.
- FY2022 net income $83M ($1.70 diluted EPS); adjusted EPS $2.31; revenue $3.3B (down 6% YoY).
- Committed & Awarded Projects (CAP) $4.5B; California group record $1.7B.
- FY2023 guidance: revenue $3.4-3.6B, adjusted EBITDA margin 7.5%-9%, capex $100-120M.

## SEC filing metadata
- accession: 0001437749-23-003566
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000143774923003566/0001437749-23-003566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000143774923003566/gva20221104_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003566
- JSON: https://secwatch.observer/filing/0001437749-23-003566.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003566.txt

## Key facts
- Earnings Releases
  GRANITE CONSTRUCTION INC reported financial results for the quarter and year ended December 31, 2022.
  - Period: the quarter and year ended December 31, 2022
  - Result: reported results
  source text: On February 16, 2023, Granite Construction Incorporated (the “Company”) issued a press release with respect to its earnings for the quarter and year ended December 31, 2022, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/861459/000143774923003566/0001437749-23-003566-index.htm

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