Granite raises 2025 guidance; Q2 diluted EPS rises 87% to $1.42
Granite Construction reported second-quarter 2025 revenue of $1.13 billion, up 4% from a year earlier, and GAAP diluted earnings per share of $1.42, up from $0.76. The company raised its 2025 revenue and adjusted EBITDA margin guidance to reflect the Warren Paving and Papich Construction acquisitions announced August 6, 2025, which management says are immediately accretive to adjusted EBITDA margin.
Key points
- Q2 2025 revenue $1.13 billion vs. $1.08 billion a year earlier; net income attributable to Granite $72 million vs. $37 million
- Adjusted diluted EPS $1.93 vs. $1.73 in Q2 2024; six-month GAAP diluted EPS $0.84 vs. $0.13
- 2025 revenue guidance $4.35 billion to $4.55 billion, including about $150 million from new acquisitions; adjusted EBITDA margin guidance raised to 11.25% to 12.25%
- Committed and Awarded Projects (CAP) reached a record $6.1 billion, up $324 million sequentially
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.