Granite Construction (GVA) Misses Q1 EPS by 39c, Revenues Miss

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Go back to Granite Construction (GVA) Misses Q1 EPS by 39c, Revenues Miss

Granite Reports First Quarter 2019 Results

April 26, 2019 6:55 AM EDT

Revenue increased to $619.8 million, up 10.0 percent year-over-year Gross profit totaled $40.5 million, with gross profit margin of 6.5 percent Committed and Awarded Projects1 increased to $4.5 billion Severe winter and spring weather negatively impacted operations Strong overall market conditions; reaffirm 2019 guidance

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today reported a net loss of $34.6 million for the quarter ended March31, 2019, compared to a net loss of $11.4 million in the first quarter... More