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Stock impact report

Granite Reports Third Quarter 2019 Results

Granite Construction Incorporated (GVA) 
Last granite construction incorporated earnings: 10/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.graniteconstruction.com
Company Research Source: Business Wire
HighlightsThird Quarter ResultsRecord quarterly revenue of $1.1 billion, up 3.1 percent year-over-yearNet income of $20.5 million; adjusted net income of $27.5 million1Strong core operational results impacted by Heavy Civil operating group performanceStrategic review of Heavy Civil operating group completeCommitted 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 diluted share) for the quarter ended September 30, 2018. On a year-to-date basis, net loss was $111.9 million, ($2.39 per diluted share) compared to net income of $35.9 million ($0.84 per diluted share) last year.“During the third quarter, strong core operational performance was dampened by a negative contribution from the Heavy Civil operating group Show less Read more
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