Granite Construction (GVA) Misses Q1 EPS by 14c

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Go back to Granite Construction (GVA) Misses Q1 EPS by 14c

Granite Reports First Quarter 2022 Results

April 28, 2022 6:45 AM EDT

Revenue of $548 million, a decrease of 3.3% compared to the prior year Diluted net loss per share from Continuing Operations of ($0.42); adjusted diluted net loss per share from Continuing Operations of ($0.28) (1) Cash and marketable securities of $398 million, debt lower ending at $299 million following partial pay down of term loan Committed and Awarded Projects ("CAP") (2) relatively flat at $3.9 billion reflecting continued increases in California and Mountain groups offset by expected decreases in Central group Completed the sale of Granite Inliner, LLC

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:... More