Highest-materiality recent filing
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 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 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 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.
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.
Max materiality 0.90 · Median 0.70 · Most common event earnings