Granite Construction (GVA) Misses Q3 EPS by 86c, Revenues Miss

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Go back to Granite Construction (GVA) Misses Q3 EPS by 86c, Revenues Miss

Granite Reports Third Quarter 2019 Results

October 25, 2019 6:55 AM EDT

Highlights

Third Quarter Results

Record quarterly revenue of $1.1 billion, up 3.1 percent year-over-year Net income of $20.5 million; adjusted net income of $27.5 million1 Strong core operational results impacted by Heavy Civil operating group performance Strategic review of Heavy Civil operating group complete Committed and Awarded Projects2 (CAP) totaled $4.7 billion, up 44.5 percent year-over-year

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today reported net income of $20.5 million ($0.43 per diluted share) for the quarter ended September 30, 2019, compared to net income of $55.7 million ($1.17 per... More