GVA Granite Construction Incorporated

Granite Awarded $44 Million Corridor Improvement Project in Reno

Granite (NYSE:GVA) announced that it has been awarded the contract for the Oddie Boulevard/Wells Avenue Corridor Project by the Regional Transportation Commission of Washoe County (RTC) in Reno, Nevada. The project will introduce multi-modal transportation to a 3.2-mile-long corridor from Reno to Sparks. This award is one of several large projects in the Reno area in recent years, and further strengthens Granite’s working relationship with the RTC. The approximately $44 million project is anticipated to be included in Granite’s second quarter backlog.

The scope of work for the project consists of roadway reconfiguration along the corridor, as well as upgrading of utilities and traffic signals, and improved bicycle facilities, sidewalks, and pedestrian access. This materials-intensive venture will provide the Nevada region with an anchor project spanning multiple seasons. Granite’s Lockwood Facility will provide approximately 56,000 tons of asphalt and an additional 42,200 tons of aggregates.

“This project fits our core capabilities in the Nevada Region and leverages Granite’s unique competencies to create an upgraded and modern piece of infrastructure that will serve the region for years,” said Taylor Polan, area manager. “It supports economic investment and redevelopment in the community while enhancing the quality of life for area residents by improving accessibility, safety, and visual character.”

The project is expected to begin in the third quarter of 2021 and be anticipated to be complete by the second quarter of 2023.

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. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit , and connect with Granite on , , , and .

EN
17/06/2021

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