Financial Data and Key Metrics Changes - Consolidated revenue for Q1 2021 grew 5% year-over-year to $670 million, with gross profit increasing 166% year-over-year to $63 million, resulting in a gross profit margin of just under 10% [38][39] - Adjusted EBITDA for the first quarter increased $35 million year-over-year to $17 million, resulting in an adjusted EBITDA margin of over 2% [44] - Adjusted net loss improved to $5 million from an adjusted net loss of $32 million in the prior year [46] Business Segment Data and Key Metrics Changes - Transportation segment revenue was up slightly year-over-year to $351 million, with gross profit increasing 41% to $36 million, resulting in a gross profit margin of 10% [39] - Water segment revenue decreased 2% year-over-year, with gross profit decreasing 8% to $9 million, resulting in a gross profit margin of 9% [41] - Specialty segment revenue increased 17% year-over-year to $156 million, with gross profit increasing 262% to $17 million, resulting in a gross profit margin of 11% [42] - Materials segment revenue increased 26% year-over-year to $63 million, with gross profit increasing to $2 million, resulting in a gross profit margin of just under 3% [43] Market Data and Key Metrics Changes - The bidding environment is strong with robust opportunities, resulting in an increase in bid volume year-over-year [23][24] - Transportation committed and awarded projects (CAP) decreased year-over-year due to a shift in the portfolio [25] - Water segment CAP remains strong at $339 million, not including a recently awarded $160 million project [28] Company Strategy and Development Direction - The company is focused on executing its strategic plan while managing the transition of its portfolio to reduce risk [54] - There is optimism regarding the funding environment, with expectations for a federal infrastructure bill to be signed into law [55] - The company is committed to enhancing its core values of safety and inclusion, which are integral to its operations [10][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's liquidity and cash position despite the $66 million securities litigation settlement [9] - The company anticipates low-to-mid single-digit revenue growth for the full fiscal year 2021 [49] - Management highlighted the importance of project execution and the favorable bidding environment as key drivers for future performance [78] Other Important Information - The company ended Q1 with cash and marketable securities of over $464 million, indicating strong cash management [47] - SG&A expenses increased to $76 million, which is 11.3% of revenue for the first quarter [50] Q&A Session Summary Question: Growth in CAP within Specialty and Water segments - Management anticipates that the Specialty segment will convert awarded work relatively quickly, particularly a significant tunnel project in Ohio [62] Question: Gross margin in Transportation segment - Management noted that favorable weather conditions and strong execution contributed to a 10% gross margin in the Transportation segment [64] Question: Competitive bidding environment - Management indicated a strong bidding environment with opportunities across the portfolio, while also being selective in pursuing larger projects [74] Question: Material segment performance - Management reported strong sales volumes and demand in both external and internal markets, with the ability to factor rising costs into pricing [94] Question: Overall bid pursuit pipeline - Management stated that the bid pipeline for projects under $150 million is up by approximately $400 million to $500 million compared to the previous year [103]

GRANITE © 2021 Granite Construction. All Rights Reserved. Granite Construction Q1 | FY 2021 Earnings Conference Call Safe Harbor Any statements contained in this presentation that are not based on historical facts, including statements regarding future events, occurrences, circumstances, activities, performance, growth, demand, strategic plans, outcomes, outlook, guidance, backlog, Committed and Awarded Projects (CAP), and results, constitute forward-looking statements within the meaning of the Private Secu ...

GRANITE® © 2021 Granite Construction. All Rights Reserved. Granite Construction Q4 | FY 2020 Earnings Conference Call Safe Harbor Any statements contained in this presentation that are not based on historical facts, including statements regarding future events, occurrences, circumstances, activities, performance, growth, demand, strategic plans, outcomes, outlook, guidance, backlog, Committed and Awarded Projects (CAP), and results, constitute forward-looking statements within the meaning of the Private Sec ...

Granite Construction Incorporated (NYSE:GVA) Q4 2020 Earnings Conference Call March 30, 2020 11:00 AM ET Company Participants Michael Barker - Controller & Vice President Kyle Larkin - President Lisa Curtis - Executive VP and Chief Financial Officer Conference Call Participants Michael Dudas - Vertical Research Partners Steven Ramsey - Thompson Research Group Jerry Revich - Goldman Sachs Brent Thielman - D. A. Davidson Operator Good morning. My name is Kate, and I will be your conference facilitator today. ...

Granite Construction, Inc. (NYSE:GVA) Q3 2020 Earnings Conference Call February 25, 2021 11:00 AM ET Company Participants Michael Barker - Vice President of Finance Claes Bjork - Chairman of the Board Kyle Larkin - President Lisa Curtis - Executive Vice President, Chief Financial Officer Conference Call Participants Michael Dudas - Vertical Research Partners Steve Ramsey - Thompson Research Adam Bubes - Goldman Sachs Eugene Gilligan - Inframation News Operator Good morning. My name is Anita, and I will be y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 1-12911 GRANITE CONSTRUCTION INCORPORATED State of Incorporation: I.R.S. Employer Identification Number: Delaware 77-02 ...

Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 1-12911 GRANITE CONSTRUCTION INCORPORATED State of Incorporation: I.R.S. Employer Identification Number: Delaware 77-0 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-12911 Granite Construction Incorporated (Exact name of registrant as specified in its charter) Delaware 77-0239383 (State or other jur ...

Granite Construction Incorporated (NYSE:GVA) Q3 2019 Earnings Conference Call October 25, 2019 11:00 AM ET Company Participants Lisa Curtis - Head of Investor Relations Jim Roberts - President & Chief Executive Officer Jigisha Desai - Senior Vice President & Chief Financial Officer Conference Call Participants Michael Dudas - Vertical Research Alex Rygiel - B. Riley FBR Brent Thielman - D.A. Davidson. Jerry Revich - Goldman Sachs Jim Brilliant - Century Management Operator Good morning. My name is Emma, and ...

Financial Performance - Q3 2019 revenue reached $1088 million[10], compared to $1056 million in Q3 2018[10] - Gross profit for Q3 2019 was $91 million[10], with a gross profit margin of 8% of revenue[11] - SG&A expenses for Q3 2019 were $73 million[10], representing 7% of revenue[11] - Transportation revenue in Q3 2019 was $599 million[13], a 2% increase compared to Q3 2018[13] - Water revenue in Q3 2019 was $136 million[13], a 10% increase compared to Q3 2018[13] - Specialty revenue in Q3 2019 was $224 million[13], a 17% increase compared to Q3 2018[13] - Materials revenue in Q3 2019 was $129 million[13], a -9% decrease compared to Q3 2018[13] Strategic Outlook - The company is targeting no more than 15% of company revenue for heavy civil projects[7] - Preliminary 2020 outlook includes mid-single-digit consolidated revenue growth[15] - Adjusted EBITDA margin is expected to be between 65% and 85% in 2020[15] Project Awards - Committed and Awarded Projects (CAP) including contract backlog reached $47 billion in Q3 2019[11]