Granite Construction (NYSE: GVA) reported Q2 EPS of $1.93, $0.27 better than the analyst estimate of $1.66. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.16 billion.

GUIDANCE:

Granite Construction sees FY2025 revenue of $4.35-4.55 billion, versus the consensus of $5.49 billion.

Adjusted EBITDA margin increased to a range of 11.25% to 12.25%

SG&A expense unchanged at approximately 9.0% of revenue, inclusive of an estimated $40 million of stock-based compensation expense

Effective tax rate for adjusted net income unchanged in the Mid-20s

Capital expenditures unchanged with a range of $140 million to $160 million

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