NYSE$GVA
Granite Construction Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Granite Construction reported a strong Q4 with revenue growth driven by acquisitions and favorable market conditions. Net income increased significantly, and the company saw margin expansion across segments.
Headline financials
Revenue & EPS history
Granite · Revenue · Quarterly
$977M
Revenue by segment
Granite · $1.12B total across 2 segments · Q3 2023
- Construction$946M+13.3%84.7%
- Materials$171M-2.2%15.3%
Forward guidance
Granite expects continued revenue growth in FY25, supported by a strong project pipeline, market demand, and strategic acquisitions.
Tailwinds
- Expected revenue growth to $4.2B-$4.4B in FY25
- Adjusted EBITDA margin projected at 11.0%-12.0%
- Strong bidding activity expected to add significant new projects
- Continued focus on margin expansion through cost efficiencies
- Well-positioned for M&A opportunities with strong cash reserves
Headwinds
- Decline in CAP due to project completions
- Potential cost inflation impacting profitability
- Increased competition in bidding for new projects
- Higher stock-based compensation expenses in FY25
- Continued market uncertainties affecting private investment
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 2024
+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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