Granite Construction (GVA) Tops Q4 EPS by 99c

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Go back to Granite Construction (GVA) Tops Q4 EPS by 99c

Granite Reports Fourth Quarter and Fiscal Year 2020 Results

March 30, 2021 6:45 AM EDT

Record full year operating cash flow of $268.5 million Year-end cash balance was $441.3 million, an increase of $146.3 million from prior year Focused on project execution, de-risking portfolio and maximizing free cash flow and returns in 2021 Initiating 2021 Adjusted EBITDA(1) margin guidance

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today announced results for the fourth quarter and year ended December 31, 2020.

Fiscal Year 2020 Results

Fiscal year 2020 net loss totaled ($145.1) million, or ($3.18) per diluted share, compared to a net loss of ($60.2) million, or ($1.29)... More