NYSE$GVA
Granite Construction Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported improved adjusted EBITDA margin and highest quality CAP portfolio.
Granite Construction Incorporated announced its Q4 and Fiscal Year 2022 results, with net income totaling $22 million, or $0.46 per diluted share, compared to a net loss of $13 million, or $(0.29) per diluted share, in the same period of the prior year. Adjusted EBITDA in the fourth quarter of 2022 totaled $50 million, compared to $32 million in the same period of the prior year.
- Implemented 2024 strategic plan focused on sustainable growth and increased profit margins.
- Focused on higher margin, less risky work in home markets.
- Achieved improved adjusted EBITDA margin in 2022.
- Attained highest quality CAP portfolio in recent history.
Headline financials
Revenue & EPS history
Granite · Revenue · Quarterly
$789M
Forward guidance
In 2023, we expect continued progress with revenue growth and improvement in adjusted EBITDA margin in line with our 2024 strategic plan targets.
Tailwinds
- Continued progress with revenue growth.
- Improvement in adjusted EBITDA margin in line with our 2024 strategic plan targets.
- High quality CAP.
- Strong market environment will support revenue growth.
- Increased profitability in 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.8%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+3.1%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+25.9%
Q3 2023
Best reaction
-30.3%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.2% | +15.6% | +11.6% | |
| Q4 2025 | -3.0% | -3.4% | -9.3% | |
| Q3 2025 | -3.4% | -0.3% | +5.2% | |
| Q1 2025 | -2.4% | +1.1% | +10.0% | |
| Q4 2024 | +0.6% | +1.2% | -14.6% | |
| Q3 2024 | +5.4% | +11.3% | +21.1% | |
| Q2 2024 | +1.5% | +0.7% | +9.8% | |
| Q1 2024 | +8.0% | +8.2% | +13.3% | |
| Q4 2023 | -1.3% | -0.3% | +9.7% | |
| Q3 2023 | +25.9% | +33.9% | +33.9% | |
| Q2 2023 | -7.8% | -4.2% | -6.3% | |
| Q1 2023 | -7.4% | -6.4% | -4.7% | |
| Q4 2022 | +6.1% | +3.1% | -2.9% | |
| Q3 2022 | +18.1% | +22.5% | +26.2% | |
| Q2 2022 | -1.9% | -0.6% | +0.9% | |
| Q1 2022 | -1.0% | +4.3% | +10.5% | |
| Q4 2021 | -12.4% | +0.5% | -8.7% | |
| Q3 2021 | -3.9% | -5.0% | +5.4% | |
| Q2 2021 | -0.2% | +1.8% | +8.0% | |
| Q1 2021 | -3.7% | -7.8% | -3.5% | |
| Q4 2020 | +6.7% | +5.9% | +3.2% | |
| Q3 2020 | -5.2% | -0.6% | +6.5% | |
| Q2 2020 | -5.2% | -0.6% | +6.5% | |
| Q1 2020 | -5.2% | -0.6% | +6.5% | |
| Q4 2019 | -3.5% | -13.9% | -24.2% | |
| Q3 2019 | -30.3% | -34.4% | -29.2% | |
| Q2 2019 | -10.2% | -12.9% | -16.4% | |
| Q1 2019 | +2.4% | +4.6% | -7.4% | |
| Q4 2018 | +3.3% | +3.9% | -4.9% | |
| Q3 2018 | +13.4% | +12.7% | +26.7% | |
| Q2 2018 | -12.6% | -16.6% | -15.5% | |
| Q1 2018 | +1.6% | +1.6% | +7.8% | |
| Q4 2017 | +4.0% | +3.2% | +4.9% | |
| Q3 2017 | +10.3% | +8.6% | +11.2% | |
| Q2 2017 | +8.6% | +8.4% | +12.7% | |
| Q1 2017 | -0.3% | -1.1% | -11.1% | |
| Q4 2016 | +0.1% | -1.2% | -10.9% | |
| Q3 2016 | +15.1% | +8.8% | +43.1% | |
| Q2 2016 | -1.2% | -1.3% | -5.1% | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | +3.3% | — | — | |
| Q3 2015 | +7.2% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | +9.9% | — | — | |
| Q4 2014 | -4.1% | — | — | |
| Q3 2014 | -3.8% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -1.7% | — | — | |
| Q4 2013 | +7.9% | — | — | |
| Q3 2013 | -11.7% | — | — | |
| Q2 2013 | +6.4% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | -14.3% | — | — | |
| Q3 2012 | -4.9% | — | — | |
| Q2 2012 | -2.0% | — | — | |
| Q1 2012 | -3.0% | — | — | |
| Q4 2011 | +11.6% | — | — | |
| Q3 2011 | +13.9% | — | — | |
| Q4 2010 | -8.1% | — | — | |
| Q2 2011 | -8.1% | — | — | |
| Q1 2010 | +3.3% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2008 | +3.8% | — | — | |
| Q3 2009 | +6.0% | — | — | |
| Q3 2010 | +6.0% | — | — | |
| Q2 2010 | +5.4% | — | — | |
| Q2 2009 | +5.4% | — | — | |
| Q4 2009 | +5.4% | — | — |
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