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Granite Construction Inc. - Company Profile

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Granite Construction Inc. - Overview

Description
Granite Construction is a public company headquartered in California with an estimated 4,700 employees. In the US, the company has a notable market share in at least six industries: Sand & Gravel Mining, Heavy Engineering Construction, Electricians, Remediation & Environmental Cleanup Services, Road & Highway Construction, Water & Sewer Line Construction and Electricians. Their largest market share is in the Sand & Gravel Mining industry, where they account for an estimated 1.5% of total industry revenue.
Company Details

Registered Name: Granite Construction Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 585 West Beach St Watsonville CA 95076

Employees: 4700

Granite Construction Inc. - Operating Industries and Main Competitors

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Granite Construction Inc. - Products and Services

  • Electricians in the US

    • Of the 6 core revenue-generating products and services in the Electricians in the US industry, Granite Construction Inc. offers:
    • All other services
    • Electric power and systems installation and servicing
    • Electronic control system installation and servicing
    • AAAAA AAAAA

  • Road & Highway Construction in the US

    • Of the 4 core revenue-generating products and services in the Road & Highway Construction in the US industry, Granite Construction Inc. offers:
    • Highway, road and street maintenance and repair

  • Water & Sewer Line Construction in the US

    • Of the 6 core revenue-generating products and services in the Water & Sewer Line Construction in the US industry, Granite Construction Inc. offers:
    • Water mains and other water supply infrastructure
    • Other
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Granite Construction Inc. - Analyst Insights

Early in 2022, Granite secures several new contracts in Western US

Between January and March 2022, Granite has secured several new projects. In March 2022, the company won a $22.0 million contract to expand a California-based Metrolink station. Prior to this, Granite was awarded a $75.0 million project for ramp and highway improves by the Nevada Department of Transportation. These projects follow the company’s shift to smaller, less-risky projects to alleviate inflation and employment projects. According to Granite’s CEO, Kyle Larkin, larger projects, those generally worth over $500.0 million, are riskier due to longer completion times with fluctuating labor and material availability.

New Activity|Structural


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Granite Construction Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Granite Construction Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Electricians in the US, Road & Highway Construction in the US, and Water & Sewer Line Construction in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Granite Construction Inc. - Financial Statements & Ratios

pie_chartGranite Construction Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue3,010.13,128.92,914.93,287.02,958.42,514.6
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartGranite Construction Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents395.6425.3252.3272.8233.7189.3
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartGranite Construction Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income2.4-166.2-56.711.542.566.2
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

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