Highest-materiality recent filing
Granite extends observation period for $273.3M convertible notes redemption due to market disruption
Company called $273.3M of 3.75% Convertible Senior Notes due 2028 for redemption on August 10, 2026.
Granite Construction shareholders re-elect directors; approve say-on-pay, auditor ratification
All three director nominees elected with >34.7M votes each: Carlos Hernandez, Kyle Larkin, Celeste Mastin.
Issued $600M 6.375% senior notes due 2034; net proceeds ~$590M to redeem all outstanding 3.75% convertible notes due 2028 ($273.7M).
Granite Construction prices $600M of 6.375% senior notes due 2034 to refinance convertible notes
$600M aggregate principal, 6.375% senior notes due 2034; closing expected June 2, 2026.
Granite Construction announces $600M senior notes offering to refinance convertible notes
Offering $600M in senior notes due 2034 in a private placement to redeem all outstanding 3.75% Convertible Senior Notes due 2028.
Granite Q1 revenue up 30% to $912M, raises FY guidance, acquires Kenny Seng Construction
Q1 revenue $912M (+30% YoY); adjusted EPS $0.26 vs $0.01; adjusted EBITDA $58M (+106%)
Exchange of $100M aggregate principal of 3.75% Convertible Senior Notes due 2028 for cash/stock consideration based on 15-day VWAP.
Granite Construction to exchange $100M of 3.75% convertible notes for cash and potential stock
Exchanged $100M aggregate principal of 3.75% Convertible Senior Notes due 2028 for cash and possible stock.
Granite Construction posts record CAP of $7.0B, FY revenue up 10% to $4.4B, net income +53%
Q4 revenue $1.2B (+19% YoY); FY revenue $4.4B (+10% YoY).
Granite Q3 net income up 30% to $103M; raises adjusted EBITDA margin guidance
Q3 revenue $1.43B (+12% YoY); diluted EPS $1.98 (+26%); adjusted diluted EPS $2.70 (+32%).
Granite Construction appoints J. Timothy Romer to Board of Directors
J. Timothy Romer appointed to Board effective September 8, 2025, term expiring at 2028 Annual Meeting.
Granite Construction Q2 EPS $1.42 vs $0.76 YoY; raises 2025 guidance on acquisitions
Q2 revenue up 4% to $1.13B; gross profit up 21% to $199M.
Granite Construction acquires Slats Lucas and Warren Paving for $540M, funded by $600M term loan
Acquired all equity of Slats Lucas (MS LLC) and Warren Paving (MS corp) for $540M, subject to customary closing adjustments.
Granite Construction COO James Radich retires; consulting agreement through Oct 2025 at $250/hr
James Radich retired as EVP/COO effective July 4, 2025; no successor announced.
Granite Construction stockholders elect Krusi and Caldera as directors, approve say-on-pay
Quorum of 37,985,863 shares (86.84% outstanding) present at June 5, 2025 annual meeting.
Granite Construction COO James Radich to retire on July 4, 2025
James A. Radich notified Granite Construction of his retirement as EVP and COO, effective July 4, 2025.
Granite Construction Q1 revenue +4% to $700M, adjusted EPS $0.01, record CAP $5.7B
Revenue $700M (+4% YoY); net loss $(0.77)/share vs $(0.70) loss prior year.
Granite Construction receives MSHA imminent danger order at Ukiah facility; no injury
MSHA issued Section 107(a) imminent danger order on March 3, 2025 at Highway 175 facility in Ukiah, CA.
Granite Construction Q4 EPS $0.84 ($1.23 adj); FY rev $4.0B; guides 2025 rev $4.2-4.4B
Q4 revenue $977M (+5% YoY); FY revenue $4.0B (+14% YoY); record operating cash flow $456M.
Granite Q3 revenue up 14% to $1.3B; adjusted EPS $2.05 vs $1.72; guides adj. EBITDA margin 10-11%
Q3 net income of $79M ($1.57 diluted EPS); adjusted net income $91M ($2.05 adjusted EPS).
Granite Construction names new CFO; prior CFO Lisa Curtis transitions to Senior Financial Advisor
Lisa Curtis resigned as EVP & CFO effective Sept 16, 2024; will serve as Senior Financial Advisor through March 31, 2025.
Granite Q2 net income $37M, adjusted EPS $1.73; to acquire Dickerson & Bowen
Q2 revenue $1.1B (+20% YoY); diluted EPS $0.76 vs $(0.39) loss prior year.
Net proceeds ~$365M; $46M used for capped call hedges, $57.6M to repurchase $30.2M of existing 2.75% 2024 notes.
Granite Construction prices $325M 3.25% convertible notes due 2030; conversion premium ~30%
$325M aggregate principal of 3.25% convertible senior notes due 2030, plus $48.75M option for initial purchasers.
Granite Construction shareholders elect directors, approve 2024 equity plan
Carlos Hernandez appointed to board effective June 5, 2024; serves on Nominating/Corporate Governance and Risk Committees.
Granite Construction CFO Lisa Curtis to retire Sept 16; Staci Woolsey named successor
Lisa Curtis to retire as EVP, CFO effective Sept 16, 2024; will stay as non-officer employee through March 31, 2025.
Granite Q1 revenue up 20% to $672M; net loss widens to $(0.70) EPS; adjusted EBITDA guidance raised
Revenue $672M (+20% YoY); net loss $31M ($0.70 diluted loss) vs $23M loss ($0.53) a year ago.
Q4 adjusted diluted EPS of $0.82, up from $0.56 YoY; GAAP EPS $0.55 vs $0.46.
Granite acquires Lehman-Roberts and Memphis Stone & Gravel for $278M, expands into Memphis market
Purchase price $278M funded by new $150M term loan, revolver draw, and cash on hand.
Granite Construction Q3 revenue up 11% to $1.1B; adjusted EPS $1.69 vs $1.28; CAP record $5.6B
Q3 revenue $1.1B (+11% YoY); adjusted diluted EPS $1.69 vs $1.28 in prior year.
Granite Construction adopts Clawback Policy for incentive-based compensation recovery
Board adopted Clawback Policy on Oct 10, 2023, effective for compensation received on/after Oct 2, 2023.
Director Jeffrey J. Lyash resigns from Granite Construction board; board size reduced to nine
Jeffrey J. Lyash resigned from the Board effective September 14, 2023.
Q2 GAAP net loss $17M ($0.39 loss per share) included $51M non-cash bond charge and $12M litigation charge.
Granite shareholders approve officer exculpation amendment, elect three directors at annual meeting
Shareholders approved amendment to eliminate officer personal liability for monetary damages for breach of fiduciary duty; 31,957,311 for, 4,217,493 against.
Granite Construction closes $373.75M 3.75% convertible note offering due 2028
$373.75M aggregate principal of 3.75% notes due 2028; net proceeds ~$364.4M after discounts.
Granite Construction issues $325M 3.75% convertible notes due 2028
Offered $325M principal of 3.75% convertible senior notes due 2028; initial conversion price $46.12 per share (30% premium).
Granite Construction Q1 net loss $23M; record backlog $5.1B; reaffirms FY2023 guidance
Net loss of $23M ($0.53 diluted EPS); adjusted diluted EPS loss of $0.41.
Enhanced disclosure and procedural requirements for shareholder director nominations, including certifications and Rule 14a-19 compliance.
Director Gaddi Vasquez to retire; not standing for reelection at Granite's 2023 meeting
Gaddi Vasquez notified Granite Construction Board on March 3, 2023, of his retirement.
Granite Construction restates Q1-Q3 2022; reports FY2022 EPS $1.70, guides FY2023 rev $3.4-3.6B
Non-reliance on Q1-Q3 2022 financials due to $12.3M deferred tax error from sale of trenchless business.
Granite Construction Q3 EPS $1.44, raises FY22 adjusted EBITDA margin guidance to 6%-7%
Net income $73M ($1.44 diluted EPS); adjusted diluted EPS $1.41, vs $0.93 prior year.
Water Resources and Mineral Services businesses, previously held for sale, will now be reported in Mountain segment.
Settlement with SEC resolves previously disclosed investigation; penalty of $12 million.
Granite Q2 net loss of $2M; cuts adjusted EBITDA margin guidance to 5.5-6.5%
Q2 net loss $2M ($0.05/sh) vs net income $25M ($0.52) a year ago.
Granite Construction shareholders elect four directors, approve advisory say-on-pay, ratify PwC
Directors Galloway, Krusi, Lyash, Caldera elected for terms expiring at 2025 annual meeting.
Granite Construction reaches $7.5M derivative lawsuit settlement with governance reforms
D&O insurers to pay $7.5M to Granite; court approval hearing set for July 12, 2022.
Granite Construction enters $350M credit facility amendment, extends maturity to 2027
$350M revolver with letter of credit sublimit of $150M and financial LC sublimit of $75M.
Granite Construction Q1 net loss ($0.42) per share; revenue down 3.3% YoY
Net loss from continuing ops $19M ($0.42/diluted); adjusted net loss $13M ($0.28/diluted).
Granite Construction adopts new Annual Incentive Plan for cash bonuses
Plan is cash-based; participants designated by Compensation Committee; no specific target amounts disclosed.
Granite completes sale of Inliner business for $159.7M; repurchases $18.5M in stock
Closed sale of trenchless and pipe rehabilitation business (Inliner) to Inland Pipe Rehabilitation for $159.7 million.
On May 16, 2025, James A. Radich notified Granite Construction Incorporated (the “Company”) that he will retire as the Company’s Executive Vice President, Chief Operating Officer on July 4, 2025.
On September 16, 2024, Lisa Curtis and the Company entered into a Separation and Transition Agreement (the “Agreement”).
Ms. Woolsey’s appointment as Executive Vice President, Chief Financial Officer of Granite Construction Incorporated (the “Company”) on September 16, 2024
the Board of Directors (the “ Board ”) of the Company, upon the recommendation of the Nominating and Corporate Governance Committee, appointed Carlos Hernandez as a director.
the Board of Directors of the Company approved the appointment of Staci Woolsey as the Company’s Executive Vice President, Chief Financial Officer effective September 16, 2024.
Lisa Curtis notified Granite Construction Incorporated (the “Company”) that she will retire as the Company’s Executive Vice President, Chief Financial Officer on September 16, 2024.
On September 12, 2023, Jeffrey J. Lyash gave the Board of Directors (the “Board”) of Granite Construction Incorporated notice of his resignation as a member of the Board, which was effective as of September 14, 2023.
On March 3, 2023, Gaddi Vasquez notified the Board of Directors (the “Board”) of Granite Construction Incorporated (“Granite”) that he will retire as a director of the Board and will not seek reelection at Granite’s 2023 Annual Meeting of Stockholders
On January 1, 2022, the Board of Directors of Granite Construction Incorporated (the “Company”) appointed Staci Woolsey as Chief Accounting Officer.
Pursuant to this Agreement, Ms. Desai will (1) remain an employee of the Company and continue to serve as Executive Vice President and Chief Strategy Officer through December 6, 2021 (the “Separation Date”) and until the Separation Date, continue to receive her annual base salary at the rate in effect immediately prior to entering into the Agreement, (2) resign as Executive Vice President and Chief Strategy Officer and cease to be an employee of the Company as of the Separation Date
Max materiality 0.90 · Median 0.65 · Most common event earnings