Oct 29, 6:45 AM ET
Granite reported third-quarter 2026 revenue up 23% to $1.77 billion and adjusted diluted EPS of $3.81, versus $2.70 a year earlier. GAAP diluted EPS fell to $0.07 from $1.98 because of $162 million of non-operating charges from settling convertible note conversions in cash. The company also raised the low end of its 2026 revenue guidance and introduced 2029 financial targets.
- Q3 revenue $1.77 billion, up from $1.43 billion; Q3 adjusted EBITDA $283 million, up 32%
- Q3 GAAP net income attributable to Granite $3 million ($0.07 per diluted share) vs. $103 million ($1.98) a year earlier, after $162 million of net non-operating charges tied to 3.75% convertible notes
- 2026 revenue guidance raised to $5.4 billion to $5.5 billion from $5.3 billion to $5.5 billion; other 2026 guidance unchanged
- 2029 targets include organic revenue CAGR of 10% to 12% and adjusted EBITDA margin of 14% to 16%
Read the filing on SEC.gov ↗
Aug 7, 6:46 AM ET
Granite Construction's board appointed George L. Nash, Jr. as a director on August 5, 2026, filling a seat in the class whose terms expire at the 2028 annual meeting. The board determined he is independent under New York Stock Exchange listing standards, and he will serve on the Audit/Compliance and Risk committees, a routine board change with no financial figures disclosed.
- Nash appointed to the board on August 5, 2026, in the class with terms expiring at the 2028 Annual Meeting of Stockholders
- Nash will serve on the Audit/Compliance Committee and Risk Committee and is determined to be independent under NYSE standards
- Nash will receive non-employee director compensation and sign the company's standard Indemnification Agreement (Exhibit 10.1)
Read the filing on SEC.gov ↗
Aug 4, 6:45 AM ET
Granite Construction entered unwind agreements on August 4, 2026, to terminate in full the capped call transactions tied to its 3.75% Convertible Senior Notes due 2028, which it had called for redemption. The counterparties will pay cash based on the company's share price over a five-day period starting August 4, 2026, but the filing does not state an amount. The company expects to use the proceeds with cash on hand to settle note conversions on August 12, 2026.
- Unwind agreements signed August 4, 2026, with certain financial institutions (Capped Call Counterparties)
- Cash settlement amounts will be based on the volume-weighted average share price over a five-day period beginning August 4, 2026; no amount is stated
- Settlement expected on or about August 11, 2026; note conversions expected to be settled August 12, 2026
- Underlying notes: $273.7 million aggregate principal of 3.75% Convertible Senior Notes due 2028, called for redemption as previously disclosed on May 19, 2026
Read the filing on SEC.gov ↗
Jul 30, 6:45 AM ET
Granite reported second-quarter 2026 revenue up 29% year over year to $1.46 billion, but a net loss attributable to Granite of $278 million, or $(6.36) per diluted share, driven by a $360 million non-operating loss on convertible debt transactions. Excluding that loss, adjusted diluted EPS rose to $2.16 from $1.93, and the company raised its 2026 revenue guidance by $100 million, which matters to shareholders because the GAAP loss is large while the core operating measures improved.
- Q2 revenue rose to $1.46 billion from $1.13 billion a year earlier, and adjusted EBITDA rose 22% to $186 million
- Q2 net loss of $278 million, or $(6.36) per diluted share, compared with net income of $72 million, or $1.42 per diluted share, a year earlier
- The $360 million loss on convertible debt transactions relates to the 3.75% convertible notes; Granite elected to settle the conversions primarily in cash
- 2026 revenue guidance raised to $5.3 billion to $5.5 billion from $5.2 billion to $5.4 billion
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.