The earnings call was predominantly positive, highlighting strategic acquisitions, record CAP, and robust growth in both revenue and profit margins. Despite an increase in debt and stable private market conditions, the overall outlook remains strong with revised guidance and optimistic future targets.

Company Guidance -

Q3 2025

During the Granite Construction Inc. 2025 Second Quarter Conference Call, the company provided guidance highlighting a revised annual revenue range of $4.35 billion to $4.55 billion and an adjusted EBITDA margin range of 11.25% to 12.25% for 2025, following the acquisitions of Warren Paving and Papich Construction. These acquisitions, costing a combined $710 million, are expected to contribute approximately $425 million in annual revenue with an adjusted EBITDA margin of 18%. The materials segment is projected to increase annual aggregate volumes by 5 million tons, or 27%, and aggregate reserves by over 440 million tons, equating to a 30% increase. The acquisitions should provide an annual uplift to adjusted EBITDA margin by about 60 basis points. The company's guidance for SG&A as a percent of revenue remains at 9%, with CapEx between $140 million and $160 million, and an adjusted effective tax rate in the mid-20s. Looking ahead to 2027, the company targets organic revenue growth at a CAGR of 6% to 8%, with plans to complete 2 to 3 acquisitions annually, and has raised its targets for adjusted EBITDA margins, operating cash flow margin, and free cash flow margin ranges by 50 basis points.

Successful Acquisitions

Granite announced the acquisitions of Warren Paving and Papich Construction for a combined transaction price of $710 million. These acquisitions are expected to contribute $425 million in annual revenue and increase adjusted EBITDA margin by approximately 60 basis points.

Record CAP and Strong Revenue Growth

Granite's CAP reached a new record high of $6.1 billion. The company reported a 4% increase in revenue, amounting to $43 million, with gross profit increasing by 21%.

Materials Segment Performance

The Materials segment showed significant growth, with a year-over-year aggregate volume increase of 11% and improved cash gross profit margin due to strong demand and higher prices.

Financial Guidance and Targets

Granite raised its 2025 revenue guidance to $4.35-$4.55 billion and adjusted EBITDA margin guidance to 11.25%-12.25%. The company also adjusted its 2027 targets, increasing adjusted EBITDA margins, operating cash flow margin, and free cash flow margin ranges by 50 basis points.

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

Daily Earnings Calendar >

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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