Granite displayed strong strategic growth through acquisitions and achieved record CAP and revenue growth in the Materials segment. However, the Construction segment's revenue growth was slower than expected, and the company took on significant debt for its acquisitions. Overall, the call presented more positive aspects with strategic growth initiatives and financial performance.

Company Guidance

During the Granite Construction Inc. 2025 Second Quarter Conference Call, the company provided updated guidance following the acquisitions of Warren Paving and Papich Construction. The acquisitions, with a combined transaction price of $710 million, are expected to add approximately $425 million in annual revenue and boost the adjusted EBITDA margin by 60 basis points. This will increase annual aggregate volumes by 27% and aggregate reserves by 30%. The company has revised its 2025 revenue guidance to a range of $4.35 billion to $4.55 billion, with an adjusted EBITDA margin range of 11.25% to 12.25%. The acquisitions are projected to contribute $150 million in revenue for the remainder of the year. Additionally, Granite anticipates achieving an operating cash flow target of 9% of revenue for 2025 and has increased its 2027 targets for adjusted EBITDA margins, operating cash flow margin, and free cash flow margin ranges by 50 basis points. The company’s strategy includes completing at least 2 to 3 deals each year to further strengthen and expand its home markets.

Strategic Acquisitions

Granite announced the acquisitions of Warren Paving and Papich Construction for $710 million. These acquisitions are expected to contribute approximately $425 million in annual revenue with an adjusted EBITDA margin of 18%. These acquisitions will increase aggregate volumes by 27% and aggregate reserves by 30%.

Record CAP and Strong Bidding Environment

Granite's Construction segment achieved a new record high CAP of $6.1 billion with projects spanning Nevada, Utah, California, and Alaska. The transportation budget in California increased by 9% over the previous fiscal year.

Revenue and Profit Growth

Second quarter revenue increased by $43 million or 4%. Gross profit increased by $34 million or 21%. Adjusted net income improved by $9 million or 12%, and adjusted EBITDA improved by $22 million or 17%.

Materials Segment Performance

The Materials segment had an exceptional quarter with an 11% increase in aggregate volumes. The segment is benefiting from public market growth and capital improvement projects.

Granite Construction (GVA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GVA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	2.35 / -	1.57	―	―	―
Aug 07, 2025	2025 (Q2)	1.51 / 1.42	0.76	86.84% (+0.66)
May 01, 2025	2025 (Q1)	-0.59 / -0.77	-0.7	-10.00% (-0.07)
Feb 13, 2025	2024 (Q4)	1.21 / 0.84	0.55	52.73% (+0.29)
Oct 31, 2024	2024 (Q3)	2.34 / 1.57	1.13	38.94% (+0.44)
Aug 01, 2024	2024 (Q2)	1.33 / 0.76	-0.39	294.87% (+1.15)
May 02, 2024	2024 (Q1)	-0.40 / -0.70	-0.53	-32.08% (-0.17)
Feb 22, 2024	2023 (Q4)	0.86 / 0.55	0.46	19.57% (+0.09)
Oct 31, 2023	2023 (Q3)	1.42 / 1.13	1.44	-21.53% (-0.31)
Jul 27, 2023	2023 (Q2)	0.96 / -0.39	0.39	-200.00% (-0.78)

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

GVA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$93.34	$100.94	+8.14%
May 01, 2025	$81.18	$79.26	-2.37%
Feb 13, 2025	$86.41	$86.91	+0.58%
Oct 31, 2024	$81.68	$83.66	+2.42%

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.

FAQ

When does Granite Construction (GVA) report earnings?

Granite Construction (GVA) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Granite Construction (GVA) earnings time?

Granite Construction (GVA) earnings time is at Oct 23, 2025, Before Open (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 (Q3) is 2.36.

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