reports
Granite VP Joins NAPA Advisory Council
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today that District Vice President Ian Firth has been appointed to the National Asphalt Pavement Association’s (NAPA) Advisory Council West Region as an at large member. NAPA is the only national trade association representing the asphalt industry and works to advance the asphalt pavement industry through leadership, training, and advocacy. This includes supporting member companies on issues including engineering, health and safety, workforce development, and more. The Advisory Council is charged with enhancing advocacy for ...
Granite Announces Timing of Earnings Release and Investor Conference C...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE: GVA) will release financial results for the quarter ended March 31, 2024, before market opens on Thursday, May 2, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, May 2, 2024. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, . The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Granite’s Investor Relations websit...
Granite Construction Honored as a 2024 VETS Indexes 4-Star Employer
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA), has been recognized as a 4-Star Employer in the 2024 VETS Indexes Employer Awards in just its second year as a participant. This award acknowledges the company’s dedication to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community. “Granite has shown a commitment to recruiting veteran and military-connected employees, and then fostering their growth and development into leaders,” said George Altman, managing director of VETS Indexes. “At Granite, we are immensely proud of our unwavering com...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Downgrading Real Estate to Underweight Our bullish outlook we initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the S&P 500 (implying 7-10% downside) and market dynamics remain healthy. To be clear, we are not calling for a pullback to 4800; we view it as a worst-case scenario for the S&P 500, and we simply want to be prepared for anything. Shorter-term, we remain bullish on the S&P 500 and Nasdaq 100...
EME EMCOR GROUP
URI UNITED RENTALS INC.
WLK WESTLAKE CHEMICAL CORPORATION
WLDN WILLDAN GROUP
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
MTRX MATRIX SERVICE COMPANY
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
HRI HERC HOLDINGS INC.
KBR KBR INC.
MYRG MYR GROUP INC.
AGX ARGAN INC.
VVV VALVOLINE INC.
HEES H&E EQUIPMENT SERVICES INC.
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
ALTG ALTA EQUIP GROUP INC
J JACOBS SOLUTIONS INC.
PRIM PRIME ENERGY P.E. LTD
Granite Earns its Fourth Consecutive Early Talent Award from Handshake
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) continues to shine in talent engagement. For the fourth consecutive year, the company has secured Handshake’s Early Talent Award (ETA). This annual award celebrates the best employers for people starting their careers, and Granite is one of a select group in its industry to be recognized (out of 900,000+ employers using Handshake). The ETAs are awarded to employers that demonstrate brand resonance, engage effectively (measured by unique clicks per distinct message recipient), actively participate in events (such as career fairs and event reg...
Granite Declares Quarterly Dividend
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (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, 2024, to all shareholders of record at the close of business on March 28, 2024. 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 Cond...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) and Treasury Yields Roll Over The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. This is a hallmark of bull markets; we will be sure to point it out when this dynamic starts to change. In the meantime, we want to continue riding this bull market higher, and our bullish outlook (since early November 2023) remains intact. Gold and Silver Breaking Out as the U.S. Dollar (DXY) a...
SUM SUMMIT MATERIALS INC. CLASS A
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
MLM MARTIN MARIETTA MATERIALS INC.
KBR KBR INC.
MYRG MYR GROUP INC.
ORN ORION GROUP HOLDINGS
PRIM PRIMORIS SERVICES CORPORATION
USLM U.S. LIME & MINERALS
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
J JACOBS SOLUTIONS INC.
NAPA Recognizes Granite Construction With 97 Awards and Commendations
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has received a total of 97 awards and commendations from the National Asphalt Pavement Association (NAPA), recognizing the company’s plant operations, paving operations, and adherence to best practices across the following seven states: Alaska, Arizona, California, Mississippi, Nevada, Utah, and Washington state. Within this list of recognition, newly acquired Lehman-Roberts received five awards. The following awards were presented at NAPA’s 69th annual meeting in Orlando, Florida. The Larry H. Lemon Quality in Construction Award - Unnamed T...
Granite Reports Fourth Quarter and FY 2023 Results
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Results Net income totaled $26 million, or $0.55 per diluted share, compared to net income of $22 million, or $0.46 per diluted share, for the same period in the prior year. Adjusted net income (1) totaled $36 million, or $0.82 per diluted share, compared to adjusted net income (1) of $25 million, or $0.56 per diluted share, for the same period in the prior year. Revenue increased $145 million to $934 million c...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Small Caps Outperform Despite "Hot" Inflation Reports In spite of last week's hotter-than-expected inflation reports (CPI and PPI), the S&P 500 remains above its 20-day MA, and, more notably, the Russell 2000 (IWM) outperformed relative to the SPX and QQQ, and ended the week at YTD weekly closing highs. Small-caps are supposed to fall and/or underperform if inflation is on the rise. When stocks do the opposite of what is expected of them, that is valuable information. The fact that small- and m...
UHS UNIVERSAL HEALTH SERVICES INC. CLASS B
THC TENET HEALTHCARE CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
HCA HCA HEALTHCARE INC
GVA GRANITE CONSTRUCTION INCORPORATED
EZPW EZCORP INC. CLASS A
ENVA ENOVA INTERNATIONAL INC
ENSG ENSIGN GROUP INC.
BWXT BWX TECHNOLOGIES INC.
CYH COMMUNITY HEALTH SYSTEMS INC.
MYRG MYR GROUP INC.
ARCAY ARCADIS N.V.
CSU CAPITAL SENIOR LIVING
NHC NHC COMMUNICATIONS
FCFS INC.
FIRSTCASH HLDGS INC
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Yesterday's hotter-than-expected CPI report continues to suggest a more restrictive Fed policy than the market has been expecting. This raises the possibility of further consolidation for small- and mid-caps. Meanwhile, large-cap indexes (S&P 500, Nasdaq 100) remain bullish, finding support at their respective 20-day MAs since November 2023; the only question is whether that will continue to be the case, as our main concern remains rising Treasury yields and the U.S. dollar (DXY), which have bro...
EME EMCOR GROUP
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
PSX PHILLIPS 66
PBF PBF ENERGY INC. CLASS A
NVEE NV5 GLOBAL INC.
MUSA MURPHY USA INC.
MPC MARATHON PETROLEUM CORPORATION
GVA GRANITE CONSTRUCTION INCORPORATED
CVI CVR ENERGY INC.
BWXT BWX TECHNOLOGIES INC.
FLR FLUOR CORPORATION
MYRG MYR GROUP INC.
PRIM PRIMORIS SERVICES CORPORATION
VLO VALERO ENERGY CORPORATION
DK DELEK US HOLDINGS INC
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
PSN PARSONS
IESC IES HOLDINGS INC.
DINO HOLLYFRONTIER CORP
J JACOBS SOLUTIONS INC.
Granite Awarded Final Construction Option in Denali National Park
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) successfully finished preconstruction services and, on February 1, 2024, was awarded the final $112 million construction option for the Polychrome Area Improvements project by the Federal Highway Administration (FHWA) in Denali National Park, Alaska. This last construction award completes the scope of work the National Park Service (NPS) has planned for the project. The combined value of all awarded options is $207,791,533. This press release features multimedia. View the full release here: A Granite drill rig stands at the ready while the m...
Granite’s Grant Road Widening Project Aims to Improve Traffic Flow and...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded a contract worth approximately $55 million by the City of Tucson to widen Grant Road from Palo Verde to Venice. Project funding will come from the Regional Transportation Authority and is expected to be included in Granite’s first quarter CAP. This press release features multimedia. View the full release here: “This multi-phase project will require continuous communication and outreach with the traveling public, local businesses and residents throughout the project,” said Todd Hill, Granite Vice President of Regional Operat...
Granite Announces Timing of Earnings Release and Investor Conference C...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE: GVA) will release financial results for the quarter and fiscal year ended December 31, 2023, before market opens on Thursday, February 22, 2024. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, February 22, 2024. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, . The investor conference call will also be available by calling 1-877-328-5503; international callers may dial 1-412-317-5472. An archive of the webcast will be available on Gran...
Granite Unveils State-of-the-Art Aggregate Plant
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced the successful completion of its first fully automated aggregate plant in Tucson, Arizona, marking a milestone in the company's commitment to technological advancement and sustainable production practices. This press release features multimedia. View the full release here: Construction of the Swan plant commenced in May 2023 and represents Granite’s dedication to leveraging technology to improve operations and overcome workforce challenges. By incorporating automation, Granite can produce aggregates cost-effectively while minimizing...
Granite Recognized as One of Newsweek’s America’s Most Responsible Com...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been listed by Newsweek as one of America’s Most Responsible Companies in 2024. This recognition is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on December 6th, 2023. Granite ranked 56th overall out of 600 companies that were identified as America’s Most Responsible Companies, and fifth in its industry. The initial analysis focused on the top 2000 public companies by revenue and banks and insurance companies with total assets exceeding $50 billi...
Granite Declares Quarterly Dividend
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (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 January 12, 2024, to all shareholders of record at the close of business on December 29, 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 civil construction provider. Granite’s Code of...
Granite and Veracio Aim to Revolutionize Mining Industry
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced today that its wholly-owned subsidiary International Directional Services (IDS) and Veracio, a mining technology company, have entered into a partnership aimed at transforming drill hole data analytics and elevating productivity for Granite’s clients. The collaboration between IDS and Veracio marks a significant step toward leveraging technology to enhance the mining process. By combining IDS’s drill hole geological data collection with Veracio's minerals drilling technology solutions, the partnership aims to improve the way drill ...
Granite Announces Acquisition of Lehman-Roberts Company and Memphis St...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today announced the acquisition of Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), longstanding asphalt paving and asphalt and aggregates producers and suppliers. This acquisition expands Granite’s footprint and creates a new growth platform for Granite in the attractive Memphis metropolitan market. LRC operates seven strategically located asphalt plants serving the greater Memphis area and northern Mississippi. MSG operates three sand and gravel mines, with an additional mine under ...
Granite's Alaska Region Wins 2023 ConocoPhillips Excellence in Safety ...
WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announces its achievement as the recipient of the ConocoPhillips Excellence in Safety Award by the Associated General Contractors (AGC) of Alaska. This accolade is awarded to organizations that exemplify and promote excellence in safety within the construction industry in Alaska. The ConocoPhillips Excellence in Safety Awards are a testament to the dedication and commitment of companies that prioritize safety as a core value. Granite stood out among its peers, demonstrating excellence across various criteria, including upper management commi...
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