Granite Construction (GVA) Misses Q2 EPS by 12c

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Go back to Granite Construction (GVA) Misses Q2 EPS by 12c

Granite Reports Second Quarter 2016 Results

July 29, 2016 6:55 AM EDT

Total Company revenue increased to $604.6 million, up 6.2 percent year-over-year Total Company gross profit was $73.2 million, up 14.0 percent year-over-year Total Company gross profit margin 12.1 percent, up more than 80 basis points year-over-year Construction segment drives profit growth; ninth consecutive quarter of year-over-year gross profit margin expansion to 14.8 percent, up more than 200 basis points Large Project Construction segment revenue increases; gross profit margin declines to 6.9 percent, down 100 basis points year-over-year Construction Materials segment revenue decreases; gross profit margin increases to 13.8 percent,... More