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Granite Construction (GVA)
NYSE:GVA
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.21Last Year’s EPS
$0.55Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 10.49%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive overall sentiment with significant revenue growth, strong market positioning, and robust cash generation. While there are challenges with project delays and increased SG&A expenses, the company maintains a positive outlook with strong growth and margin expansion expectations.Company Guidance
During the Granite Construction Incorporated Q3 2024 earnings call, significant guidance was provided, highlighting expectations for continued growth and financial performance through 2027. The company anticipates organic revenue growth at a compounded annual growth rate of 6% to 8%, supported by both public and private projects, with public funding accounting for approximately 75% of Construction revenue. Adjusted EBITDA margin is projected to rise to between 12% and 14% by 2027, with improvements driven by enhanced gross profit margins and operational efficiencies in both Construction and Materials segments. The Materials segment is expected to benefit from price increases and strategic investments, aiming for a free cash flow margin of 6% to 8% of revenue by 2027. The company remains committed to a disciplined M&A strategy, intending to leverage its strong cash flow and liquidity for bolt-on acquisitions and share repurchases. For 2024, Granite maintains revenue guidance of $3.9 billion to $4 billion, with adjusted EBITDA margin guidance narrowed to 10% to 11%, despite some project delays impacting short-term results.Record High Revenue in Construction Segment
Construction segment revenue totaled $1.1 billion, representing a 14% increase year-over-year, marking a record high for the third quarter.
Increased CAP and Strong Market Position
CAP increased by $44 million during the quarter, ending at $5.6 billion. Best value projects now represent $2.4 billion or 42% of total CAP.
Strong Cash Generation and Financial Position
Operating cash flow improved significantly with a $249 million increase year-over-year, and cash and cash equivalents stood at $472 million.
Positive Revenue and Margin Guidance
The company expects organic revenue growth at a compounded annual growth rate of 6% to 8% through 2027 and adjusted EBITDA margin to increase to a range of 12% to 14% in 2027.
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GVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $82.06 | $84.05 | +2.43% |
| Aug 01, 2024 | $68.35 | $69.28 | +1.36% |
| May 02, 2024 | $54.78 | $57.04 | +4.13% |
| Feb 22, 2024 | $49.87 | $51.06 | +2.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Granite Construction (GVA) report earnings?
Granite Construction (GVA) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Granite Construction (GVA) earnings time?
Granite Construction (GVA) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GVA EPS forecast?
GVA EPS forecast for the fiscal quarter 2024 (Q4) is $1.21.
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