Granite Construction Sees Revenue Growth Amid Net Loss

Granite Construction ( (GVA) ) has released its Q1 earnings. Here is a breakdown of the information Granite Construction presented to its investors.

Granite Construction Incorporated is a leading diversified construction and construction materials company in the United States, known for its comprehensive civil construction services and commitment to safety and sustainability.

In the first quarter of 2025, Granite Construction reported a 4% increase in revenue year-over-year, reaching $700 million. Despite this growth, the company posted a net loss of $34 million, or $(0.77) per diluted share, although adjusted earnings showed a slight profit of $0.01 per share.

Key financial highlights include a significant increase in gross profit to $84 million, up from $54 million the previous year, and a rise in adjusted EBITDA to $28 million from $14 million. The company’s Committed and Awarded Projects (CAP) also saw a substantial increase, reaching $5.7 billion. However, SG&A expenses rose to $116 million, driven by higher stock-based compensation costs.

Looking ahead, Granite Construction remains optimistic about its financial targets for 2025 and beyond, with expectations of continued growth in both public and private markets. The company maintains its revenue guidance between $4.2 billion and $4.4 billion for the year, with an adjusted EBITDA margin target of 11% to 12%.