GVA Granite Construction Incorporated

Granite’s Newest Home Market, Lehman-Roberts and the Mid-South

(NYSE:GVA) expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring and in Q4 2023. These longstanding asphalt paving and asphalt and aggregates producers and suppliers have won numerous new contracts to date in 2024.

The following highlighted new work demonstrates Lehman-Roberts' versatility in the construction and materials industry. Most of the aggregates for this work will be supplied by MSG:

  • Tennessee Department of Transportation (TDOT) Shelby County SR 14: The project consists of over four miles of grade, drain, bridge, and paving construction of SR 14 (4-lane) in Shelby County. The largest of the new contracts aims to enhance a major roadway in Shelby County. As vertically integrated companies, MSG will supply Lehman-Roberts 4,820 tons of sand and 8,700 tons of gravel for the project.
  • Mississippi Department of Transportation (MDOT) Hwy 61 Coahoma/Tunica: This project will improve the transportation corridor and includes Scrub Sealing & Overlaying approximately nine miles of US 61 from the Coahoma County Line to Clayton and approximately two miles of US 61 from SR 315 to the Tunica County Line. MSG will supply 3,000 tons of sand and more than 23,000 tons of mixed gravel.
  • Calhoun County Roads 306 & 137: Milling and overlaying approximately five miles of roads in Calhoun County, MS. This project will enhance the county's transportation infrastructure, improving accessibility and safety for all residents. MSG will supply 560 tons of sand and 2,100 tons of gravel.

"We are thrilled to highlight these new contract awards," said Patrick Nelson, Lehman-Roberts and Memphis Stone and Gravel President. "While these projects are welcome additions to our construction backlog, they also drive volume in our asphalt and aggregate materials businesses. These new awards represent our ongoing commitment to delivering high-quality construction services to our clients and help us execute on our goal of serving our communities and contributing to the improvement of their infrastructure."

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, , and connect with Granite on , , , and .

About Lehman-Roberts and sister company Memphis Stone & Gravel

Lehman-Roberts, a Granite Company, and Memphis Stone & Gravel, a Granite Company, have been a part of the fabric of the Mid-South for more than a combined 190 years. Today, the companies continue to build upon a long tradition of quality, trust and a strong culture that distinguishes them among competitors in the road construction, asphalt and aggregates industries. With an impressive record and vibrant leadership, it is well poised for its next 190 years of success. For more information, please call (901) 774-4000 or visit .

EN
23/05/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Granite Construction Incorporated

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+19)

Vermilion Compass: Weekly Equity Strategy

More Breakouts and Risk-On Developments We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and the SPX is above 5700-5785, though we believe there is a low probability that this level gets tested any time soon. Short-term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-605...

Granite Construction Inc: 1 director

A director at Granite Construction Inc sold 22,999 shares at 80.833USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...

 PRESS RELEASE

Granite Declares Quarterly Dividend

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on April 15, 2025, to all shareholders of record at the close of business on March 31, 2025. About Granite Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the ...

 PRESS RELEASE

Granite Earns its Fifth Consecutive Early Talent Award from Handshake

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has secured Handshake’s Early Talent Award (ETA) for the fifth consecutive year. This annual award celebrates the best employers for individuals starting their careers. Granite is among a select group in its industry to be recognized out of over 900,000 employers using Handshake. The ETA highlights companies that excel in brand resonance, effective engagement (measured by unique clicks per message recipient), active participation in events like career fairs, and maintaining strong relationships with students through reciprocal messaging. Thes...

 PRESS RELEASE

Granite Joint Venture Team Awarded $97 Million Military Infrastructure...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced today that the joint venture team comprised of Granite and Obayashi Corporation has been awarded an approximately $97 million contract by the Naval Facilities Engineering Command (NAVFAC) to improve the Battery Energy Storage System (BESS) capabilities at Polaris Point, Guam. Project funding comes from the Department of Defense (DOD), and as consolidating partner, the total contract award of $97 million will be included in Granite’s first-quarter CAP. The project scope includes constructing a 17,000 square foot facility and associat...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch