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Granite Construction (GVA)
NYSE:GVA
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.59Last Year’s EPS
-0.7Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -2.43%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Granite Construction reported a record year with significant revenue and profit increases. The company is optimistic about future growth, supported by strong cash flow and strategic investments. Despite some project delays and a postponed asset sale, the overall outlook remains positive with anticipated growth in 2025.Company Guidance
During the Granite Construction Incorporated 2024 fourth quarter conference call, several key metrics and guidance for 2025 were discussed. Revenue for 2024 increased by 14% to $4 billion, while gross profit saw a 44% rise to $573 million. Adjusted EBITDA also increased by 44% to $402 million. Looking ahead to 2025, the company expects revenue to grow to a range of $4.2 billion to $4.4 billion, with an adjusted EBITDA margin between 11% and 12%. The construction segment showed a 3% year-over-year revenue increase to $821 million, and in the materials segment, a cash gross profit margin of 21% was achieved. The company plans to invest $140 million to $160 million in capital expenditures, focusing on strategic materials investments and automation projects. Granite also aims to maintain an operating cash flow margin of 9% of revenue. The guidance reflects confidence in achieving continued growth and margin expansion through organic growth and strategic acquisitions.Record Year Achievement
Granite Construction reported a record year with a 14% revenue increase to $4 billion and a 44% increase in gross profit to $573 million for 2024.
Strong Future Outlook
Granite anticipates continued growth with a revenue target of $4.2 billion to $4.4 billion for 2025 and an adjusted EBITDA margin range of 11% to 12%.
Materials Segment Growth
The materials segment showed significant improvement with a 20% increase in aggregate reserves and expected price increases in 2025.
Strong Cash Flow
Operating cash flow increased by 148% to $456 million, indicating a strong cash generation capability.
Strategic Acquisitions and Investments
Granite is focusing on strategic M&A, with plans to complete two to three deals annually to strengthen its market position.
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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 |
|---|---|---|---|
| Feb 13, 2025 | $86.68 | $87.18 | +0.58% |
| Oct 31, 2024 | $81.94 | $83.93 | +2.43% |
| Aug 01, 2024 | $68.25 | $69.17 | +1.35% |
| May 02, 2024 | $54.70 | $56.96 | +4.13% |
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 May 01, 2025, TBA Not Confirmed.
What is Granite Construction (GVA) earnings time?
Granite Construction (GVA) earnings time is at May 01, 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 2025 (Q1) is -0.59.
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