Granite Construction Incorporated (NYSE:GVA) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Mike Barker - Vice President-Investor Relations Kyle Larkin - President and Chief Executive Officer Lisa Curtis - Executive Vice President and Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Steven Ramsey - Thompson Research Group Michael Dudas - Vertical Research Partners Jerry Revich - Goldman Sachs Operator Good day. My name is Jason and I'll be ...

GRANITE e ving a low Q2 2024 Earnings Presentation ITABLESS Safe Harbor Any statements contained in this presentation that are not based on historical facts, including statements regarding future events, occurrences, circumstances, opportunities, targets, activities, performance, growth, demand, strategic goals, shareholder value, outcomes, outlook, guidance, including 2024 revenue, SG&A expense as a percentage of revenue and adjusted EBITDA margin guidance and operating cash flow of 7% of revenue in 2024, ...

Exhibit 99.1 Granite Reports Second Quarter 2024 Results and Announces Agreement to Acquire Dickerson & Bowen, Inc. • Q2 revenue increased 20% year-over-year to $1.1 billion • Q2 diluted EPS of $0.76 and adjusted diluted EPS (1) of $1.73 • Committed and Awarded Projects ("CAP") (2) of $5.6 billion, a sequential increase of $77 million • Entered into an agreement, subject to customary closing conditions, to acquire Dickerson & Bowen, Inc., a leading regional aggregates, asphalt, and highway construction comp ...

This SR33 enhancement project of approximately $27 million, which will be funded by Caltrans, will be included in Granite's second-quarter 2024 Committed and Awarded Projects (CAP). Shares of this civil construction company and aggregate producer gained 21% in the past three months, outperforming the Zacks Building Products - Heavy Construction industry's 18.1% growth. The company's Per the contract, Granite will be responsible for enhancing road safety and driving conditions of this 19-mile stretching SR33 ...

Granite Construction Incorporated's (GVA) joint venture with Kraemer North America, GKJV-II, has been selected by the Michigan Department of Transportation ("MDOT") to remove and replace the Lafayette Bascule Bridge in Michigan. This approximately $113 million project, is funded by the Federal Highway Administration and the MDOT. Per this contract, the joint venture is expected to demolish the existing structure, along with cofferdam installation, new substructure and bascule piers, structural steel, machin ...

Granite Construction Incorporated (GVA) has secured a $16 million contract from the City of Salinas to upgrade a major traffic route between residential areas and Highway 101. The project will widen East Boronda Road into a four-lane roadway and construct a multi-lane roundabout at the McKinnon Street intersection, significantly improving traffic flow and safety. Granite's local operations will supply essential materials, including 7,500 tons of Hot Mix Asphalt, 8,000 tons of Recycled Aggregate Base from th ...

Granite Construction Incorporated (GVA) received an approximately $25 million contract to remove and replace the Edgewater Creek Bridge. The City of Everett has provided this contract, which includes the removal of the existing bridge and the construction of a new bridge over the Edgewater Creek Basin and is funded by federal grants and local funds. Although the project involves some engineering challenges due to the steep and unstable soils of the ravine, GVA's experts will construct a trestle to facilitat ...

The scope of work also includes lengthening and rehabilitation of culverts along the route, upgrading of guard railing and barriers, and replacement of failing bridge approach pavement with concrete approach slabs. Image Source: Zacks Investment Research Tutor Perini Corporation (TPC) currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here. Dycom Industries, Inc. (DY) sports a Zacks Rank #1 at present. It delivered a trailing four-quarter earnings surprise of 30. ...

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Granite Construction is currently sporting a Zacks Rank of #1 (Strong Buy). Armstrong World Industries (AWI) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 1 ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Granite Construction (GVA) one of those stocks right now? A quick glance at the company's yearto-date performance in comparison to the rest of the Construction sector should help us answer this question. Granite Construction is a member of our Construction group, which includes 94 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the st ...