Granite Reports Fiscal Year 2018 Results

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Go back to Granite Reports Fiscal Year 2018 Results

Granite Construction (GVA) Misses Q4 EPS by 49c, Revenues Miss

February 20, 2019 6:57 AM EST

Granite Construction (NYSE: GVA) reported Q4 EPS of $0.50, $0.49 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $892.33 million versus the consensus estimate of $966.85 million.

Granites teams delivered record safety performance in 2018, adding to the foundation that supports the continued growth of our leadership position as Americas Infrastructure Company, said Granite President and Chief Executive Officer James H. Roberts. Our intentional emphasis on bidding and pricing discipline produced higher bid-day margins and contributed to more than 140 basis points of adjusted EBITDA margin1... More