Granite Construction (GVA) Tops Q3 EPS by 8c, Revenues Beat

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Go back to Granite Construction (GVA) Tops Q3 EPS by 8c, Revenues Beat

Granite Reports Third Quarter 2018 Results

October 26, 2018 6:55 AM EDT

Highlights

Third Quarter

Revenue up 10.3 percent year-over-year to $1.06 billion Gross profit margin up more than 170 basis points year-over-year to 13.7 percent Net income up 21.1 percent year-over year to $55.7 million Adjusted net income1 up 46.6 percent year-over-year to $67.4 million Adjusted EBITDA1 up 30.9 percent year-over-year to $112.7 million Adjusted EBITDA1 margin 10.7 percent, compared to 9.0 percent last year

Year-To-Date

Revenue up 10.9 percent year-over-year to $2.43 billion Gross profit margin up 180 basis points year-over-year to 11.6 percent Net income down slightly year-over-year to $35.9... More