Granite Construction ( (GVA) ) has released its Q2 earnings. Here is a breakdown of the information Granite Construction presented to its investors.
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Granite Construction Incorporated is a leading diversified civil contractor and construction materials producer in the United States, known for its strong commitment to safety, quality, and sustainability. In its latest earnings report for the second quarter of 2025, Granite Construction announced a 4% year-over-year increase in revenue, reaching $1.13 billion, and a significant 87% rise in diluted earnings per share to $1.42. The company also reported a record increase in Committed and Awarded Projects to $6.1 billion, reflecting robust bidding opportunities in both public and private markets. Key financial highlights include a gross profit increase to $199 million and an adjusted EBITDA rise to $152 million, driven by improved project execution and favorable claim settlements. The company also completed strategic acquisitions of Warren Paving and Papich Construction, enhancing its aggregate supply and expanding its market presence in the Southeast and California. Looking ahead, Granite Construction has raised its 2025 revenue guidance to between $4.35 billion and $4.55 billion, with expectations of continued margin expansion and strategic growth through acquisitions.