Granite Construction (GVA) Misses Q3 EPS by 6c

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Go back to Granite Construction (GVA) Misses Q3 EPS by 6c

Granite Reports Third Quarter 2016 Results

October 28, 2016 6:56 AM EDT

Net income of $37.1 million, up 20.6 percent year-over-year Revenue increased to $803.9 million, up 7.0 percent year-over-year Gross profit margin of 13.4 percent, up 60 basis points year-over-year Contract backlog at all-time high of $3.8 billion, up 21.9 percent year-over-year Construction segment revenue increased 8.8 percent; gross profit margin of 15.4 percent, up more than 120 basis points year-over-year Large Project Construction segment revenue increased 14.9 percent; gross profit margin of 9.4 percent, down more than 50 basis points year-over-year Construction Materials segment revenue... More