GVA Granite Construction Incorporated

Granite Awarded $36 Million Water Infrastructure Project in Northern California

Granite (NYSE:GVA) announced today it has been awarded a $36 million contract by the El Dorado Irrigation District (EID) for the Folsom Lake Intake Improvements Project in El Dorado Hills, California, located approximately 20 miles east of Sacramento.

Originally constructed in 1958, the Folsom Lake Intake supplies raw water from Folsom Lake to the El Dorado Hills Water Treatment Plant where it is treated and conveyed to local customers. This project will provide critical improvements to the existing facilities including the replacement of all intake structures, pumps and associated piping, electrical, controls and site modifications. Crews will also be responsible for constructing a temperature-controlled device for EID’s intake facilities in order to preserve the cold-water pool in Folsom Lake to help enhance downstream habitat for anadromous fish species as well as maintaining water delivery service during construction.

“Granite’s Sacramento Valley Region has a long history of working with the irrigation district and the team looks forward to working together again to complete the necessary improvements at Folsom Lake,” said Carter Rohrbough, vice president of Granite’s Northern California Operations.

Construction on the project is estimated to begin this summer with an estimated completion in spring 2022. For more information, visit the project website at .

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 provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the , and connect with Granite on , , and .

EN
11/03/2020

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