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Granite Awarded $267 Million Tunnel Project in Ohio

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Granite (NYSE:GVA) announced today that it has been awarded the Lower Olentangy Tunnel project by the City of Columbus in Columbus, Ohio. The $267 million contract is anticipated to be booked in Granite’s first quarter 2021 backlog.
The Lower Olentangy Tunnel (LOT) project aims to improve water quality and reduce the risk of exposure of humans to waterborne pollutants by reducing overflows from the sewer system into creeks and rivers during flooding. LOT will connect into the upstream end of the previously Granite-constructed OSIS Augmentation Relief Sewer (OARS) at Vine Street. The upstream end of LOT will be located north of Lane Avenue and will provide hydraulic relief to the three existing sewers that are in close proximity of each other: Franklin Main Interceptor Sewer, Olentangy Main Interceptor Sewer, and OARS. ....

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Granite Reports Fiscal Year 2019 Results

Press release content from Business Wire. The AP news staff was not involved in its creation.
Granite Reports Fiscal Year 2019 Results
February 19, 2021 GMT
WATSONVILLE, Calif. (BUSINESS WIRE) Feb 19, 2021
Granite Construction Incorporated (NYSE: GVA) today announced its 2019 financial results, reflecting a net loss of ($60.2) million (($1.29) per diluted share) compared to net income of $0.6 million ($0.01 per diluted share) in 2018. The results include after-tax, acquisition-related expenses for 2019 and 2018 of $33.0 million and $60.5 million, respectively. Revenue in 2019 increased $158.6 million, or 5.0%, to $3.4 billion primarily due to incremental revenue from 2018 acquisitions, while gross profit decreased $113.2 million to $221.7 million due to project write downs within the Heavy Civil Operating Group. Selling, general & administrative (“SG&A”) expenses in 2019 were $308.0 million, or 8.9% of revenue, compared to $272.8 million, or 8.3% of revenue, i ....

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Granite Announces the Opening of a New Phoenix Area Office

Granite (NYSE:GVA),
one of the largest diversified construction and construction materials companies in the United States, as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets, is pleased to announce the opening of a new office in Mesa, Arizona to serve the Phoenix metropolitan area including Maricopa, Yavapai, and Pinal counties.
The Phoenix Area office will be joining Granite’s Arizona Region, headquartered in Tucson, which employs nearly 300 people and has been serving clients throughout Arizona, New Mexico, and West Texas since 1980.
“While Granite has been providing construction services throughout Arizona for more than 40 years, the Phoenix Area office provides a local team dedicated to delivering exceptional value and service to our clients and communities in Central Arizona,” said Granite Regional Vice President Todd Hill. ....

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Granite Awarded $48 Million Construction Manager/General Contractor Bridge Contract in California

Press release content from Business Wire. The AP news staff was not involved in its creation.
Granite Awarded $48 Million Construction Manager/General Contractor Bridge Contract in California
January 21, 2021 GMT
WATSONVILLE, Calif. (BUSINESS WIRE) Jan 21, 2021
Granite (NYSE:GVA) has been awarded the Cosumnes Bridge Parent Package of the Construction Manager/General Contractor (CMGC) contract for the Cosumnes Bridge Replacement Project by the California Department of Transportation (Caltrans) in Sacramento County, California. This CMGC contract is the final award of a seven-part phased delivery of the overall $167 million project. This $48 million contract is anticipated to be included in Granite’s first quarter 2021 backlog. ....

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Granite Awarded $20 Million Four-Lane Widening Project in California's Central Valley

Press release content from Business Wire. The AP news staff was not involved in its creation.
Granite Awarded $20 Million Four-Lane Widening Project in California’s Central Valley
January 18, 2021 GMT
WATSONVILLE, Calif. (BUSINESS WIRE) Jan 18, 2021
Granite (NYSE:GVA) announced that it has been awarded a $20 million contract by the California Department of Transportation (Caltrans) for the State Route 46 4-Lane Widening Project in Lost Hills, California. The contract is anticipated to be included in Granite’s first quarter 2021 backlog.
The project widens State Route 46 from a two-lane to a four-lane highway between post miles 29.7 and 31.9 in Kern County. Scope of work includes the construction of two new lanes, a bridge over the California Aqueduct, a high-intensity activated crosswalk beacon at the State Route 46/Bruning Avenue intersection, a large drainage basin on the west side of Lost Hills Road, as well as curb, gutter, and crosswalks throughout th ....

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