Granite Construction (GVA) Misses Q4 EPS by 4c, provides guidance

Granite Construction (NYSE: GVA) reported Q4 EPS of $0.82, $0.04 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $934 million versus the consensus estimate of $838.89 million.

GUIDANCE:

Granite Construction sees Q1 2024 revenue of $3.8-4 million, versus the consensus of $3.823 million.
Adjusted EBITDA margin in the range of 9.0% to 11.0%
SG&A expense in the range of 7.5% to 8.0% of revenue
Mid-20s effective tax rate for adjusted net income
Capital expenditures of approximately $130 million to $150 million

For earnings history and earnings-related data on Granite Construction (GVA) click here.

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