Granite Construction (GVA)
NYSE:GVA
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.33Last Year’s EPS
1.42Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook driven by strong top-line growth (revenue +30%), margin and EBITDA improvement, accretive M&A (Kenny Sain and Warren Paving), raised guidance, and a growing, high-quality CAP base including federal and tactical infrastructure work. Management acknowledged near-term cash usage, a project cancellation that reduced CAP by ~$300 million, energy cost volatility, and execution risks on fast-burn tactical projects, but indicated those issues are mitigated and outweighed by the company’s operational momentum and disciplined capital allocation.Company Guidance
Strong Top-Line and Profitability Growth
Revenue increased 30% year-over-year to $912 million. Gross profit rose 31% to $110 million. Adjusted EBITDA increased by $30 million to $58 million, and adjusted net income increased by $12 million to $12 million.
Construction Segment Momentum and CAP Expansion
Construction revenue increased $151 million (25% YoY) to $756 million, driven by $43 million from acquisitions and $108 million organic. Backlog (CAP) ended the quarter at $7.2 billion, a $200 million increase from Q4, including $1.3 billion of federal CAP (of which $640 million is tactical infrastructure).
Raised Full-Year Guidance
Full-year revenue guidance raised to $5.2 billion–$5.4 billion from $4.9 billion–$5.1 billion (+$300 million). SG&A as a percent of revenue guidance tightened to 8.25%–8.75% (from 8.5%–9%). Adjusted EBITDA margin guidance raised to 12.25%–13.25% (from 12%–13%).
Accretive M&A: Kenny Sain Construction and Warren Paving
Announced acquisition of Kenny Sain Construction: expected to add ~$150 million revenue annually and be accretive with an adjusted EBITDA margin in the high teens; expected to contribute about $100 million in 2026. Warren Paving integration is performing very well and materially contributed to Materials segment growth.
Materials Segment Outperformance
Materials revenue rose $61 million YoY to $146 million; gross profit increased $9 million to $8 million. Cash gross profit increased $15 million YoY to $26 million, representing 18% of Materials revenue — a strong result for a seasonally impacted quarter. Aggregate and asphalt orders were ahead of prior year and pricing met expectations.
Federal and Private Market Diversification
Federal business expanded (now ~10% historically, expected to exceed 15% of Construction revenue over time), and management sees growth opportunities in rail and mission-critical data center projects — management expects data center/mission-critical to potentially reach ~10% of overall revenue over time.
Proactive Capital and Balance Sheet Management
Privately negotiated settlement of $100 million principal of 2028 convertible bonds (total cash used net of proceeds: $233 million), leaving $274 million convertible outstanding. After closing Kenny Sain, total debt is ~$1.4 billion with $415 million available under the revolving credit facility. Management continues to evaluate capital markets and capital structure options.
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
GVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $122.55 | $137.07 | +11.85% |
Feb 12, 2026 | $133.02 | $129.07 | -2.97% |
Nov 06, 2025 | $102.53 | $99.17 | -3.28% |
Aug 07, 2025 | $93.02 | $100.59 | +8.14% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Granite Construction (GVA) earnings time?
Granite Construction (GVA) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 2.33.