Granite Construction (GVA) Tops Q2 EPS by 39c
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Granite Reports Second Quarter 2021 Results
July 29, 2021 6:45 AM EDTQ2 revenue of $964.2 million, up 5.3% for the same period year-over-year Q2 diluted net income per share of $1.14, Q2 adjusted diluted net income per share of $0.91 (1) Strong project execution in the Old Risk Portfolio (2) with Q2 gross profit of $2.5 million Cash and marketable securities of $404.0 million, debt of $339.9 million Committed and Awarded Projects ("CAP") up $280.3 million for the same period year-over-year, and slightly down sequentially reflecting Old Risk Portfolio progression Closed on the sale of an office building resulting in $40.8 million of proceeds and gain on sale of $29.7 million during the... More
