GVA Granite Construction Incorporated

Secret Creek Fish Passage Project Nets Granite $48 Million Contract in Snohomish County, Washington

WATSONVILLE, Calif.--(BUSINESS WIRE)--

(NYSE:GVA) is pleased to announce that it has been awarded a $48 million contract by the Washington State Department of Transportation (WSDOT) to replace two existing fish barrier culvert crossings with three new fish passable structures on I-5 in Snohomish County, Washington. Project funding will come from WSDOT and be included in Granite’s second-quarter CAP.

The Secret Creek project will build upon Granite’s relationship with the WSDOT Mt. Baker Area, which includes the award-winning delivery of the completed in September 2022.

Granite will deliver another solution in support of WSDOT’s effort to be injunction-compliant by 2030. To support the project, Granite will import 95,000 tons of gravel from its Conway Aggregate Facility in Mount Vernon, Washington.

“We are excited to embark on this new project that not only aligns with our strategic goals but also contributes to the preservation of the local ecosystem,” said Mike Stein, Granite Vice President of Regional Operations. “We are committed to delivering high-quality, innovative, and sustainable solutions for our clients and communities.”

The project is anticipated to begin in June 2024 and is expected to be completed in December 2026.

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 .

EN
23/05/2024

Underlying

GVAGranite Construction Incorporated

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

Reports on Granite Construction Incorporated

 PRESS RELEASE
Free
GVA Granite Constru...

Granite Embarks on Rehabilitation Project Near Stratford, California

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded an approximately $15 million contract by the California Department of Transportation (Caltrans) to rehabilitate pavement along State Route 41 (SR41) near Stratford, California. Project funding comes from Caltrans and will be included in Granite’s second-quarter CAP. This project aims to rehabilitate the pavement, providing a smoother ride and reducing maintenance demands. The rehabilitation will involve removing and replacing failed pavement areas with 49,400 tons of Hot Mix Asphalt (HMA) and then placing a surface course of...

June 13, 2024 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite and Port of Woodland Sign Historic Long-Term Lease Agreement f...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has executed a long-term lease with the Port of Woodland for a new construction materials facility. The facility will be on a 25-acre site next to the Columbia River, reinforcing Granite’s commitment to the Southwest Washington area home market. Key Highlights: Location: The facility will be near Woodland, WA, providing construction materials into the Southwest Washington area construction market. Market Support: The lease agreement allows Granite to provide construction materials to the market, supporting infrastructure development and ...

June 12, 2024 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite Construction Incorporated Announces Closing of $325 Million of...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.25% Convertible Senior Notes due 2030 (the “Convertible Notes”) for gross proceeds of $373.75 million. The proceeds include the full exercise of the option by the initial purchasers to purchase an additional $48.75 million aggregate principal amount of the Convertible Notes granted by Granite to the initial purchasers. The Convertible Notes were sold in a private offering to persons reasonably believe...

June 12, 2024 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Carlos Hernandez Joins Granite’s Board of Directors

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite’s (NYSE:GVA) board of directors has appointed Carlos M. Hernandez as a director of the company, effective June 5, 2024. Mr. Hernandez brings decades of industry experience as the former chief executive officer of Fluor Corporation, the Irving, Texas-based engineering and construction firm. His career has included work in manufacturing, procurement, and engineering, with particular expertise in safety and environmental issues, governance, compliance, risk management, and law. He joined Fluor in 2007 as chief legal officer, later serving as CEO fr...

June 7, 2024 1 EN
 PRESS RELEASE
Free
GVA Granite Constru...

Granite Construction Incorporated Prices $325 Million Convertible Seni...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced the pricing of its previously announced offering of $325 million aggregate principal amount of 3.25% Convertible Senior Notes due 2030 (the “Convertible Notes”). In connection with the offering of the Convertible Notes, Granite granted the initial purchasers of the Convertible Notes the right to purchase up to an additional $48.75 million aggregate principal amount of Convertible Notes. The sale of the Convertible Notes is expected to close on June 11, 2024, subject to customary clo...

June 7, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch