Every material Form 8-K Granite Construction filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Granite reported third-quarter 2025 results, with revenue up 12% to $1.43 billion and net income attributable to Granite up 30% to $103 million. The company narrowed its full-year 2025 revenue guidance by lowering the top of the range to $4.45 billion, while raising its adjusted EBITDA margin range, so shareholders get strong quarterly growth alongside a lower revenue ceiling.
Q3 revenue rose 12% year-over-year to $1.43 billion; diluted EPS was $1.98 versus $1.57 a year earlier.
Adjusted diluted EPS was $2.70, up 32% from $2.05 in the prior-year quarter.
2025 revenue guidance narrowed to $4.35 billion to $4.45 billion from $4.35 billion to $4.55 billion; adjusted EBITDA margin guidance raised to 11.50% to 12.50% from 11.25% to 12.25%.
Committed and awarded projects reached a record $6.3 billion, up $273 million sequentially.
Granite Construction's board appointed J. Timothy Romer as a director on September 8, 2025, on the Nominating and Corporate Governance Committee's recommendation. He will serve on the Audit/Compliance and Risk committees, and the board determined he is independent under NYSE listing standards. The filing describes a routine board addition with no financial figures.
Romer's term expires at the 2028 Annual Meeting of Stockholders
He will serve on the Audit/Compliance Committee and Risk Committee
He will receive standard non-employee director compensation and enter the company's standard Indemnification Agreement (Exhibit 10.1)
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.
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
Granite Construction said it bought all outstanding equity of Slats Lucas LLC and Warren Paving Inc. from their Mississippi sellers for $540.0 million, subject to customary closing adjustments, under an agreement dated August 5, 2025. The purchase was funded in part with a new $600.0 million senior secured term loan, and the company also amended and restated its credit agreement, which runs to August 5, 2030, and adds a revolver and a delayed draw term loan. Shareholders will bear the added debt and the covenants attached to it.
Purchase price of $540.0 million for Slats Lucas LLC and Warren Paving Inc., subject to customary closing adjustments
Initial $600.0 million senior secured term loan used in part to fund the purchase
Revolver of $600.0 million with $570.4 million unused as of the filing date; delayed draw term loan up to $75.0 million
Term Loans mature August 5, 2030; covenants require interest coverage of at least 3.00 to 1.00 and leverage no more than 3.75 to 1.00
Granite Construction said Executive Vice President and Chief Operating Officer James A. Radich notified the company on May 16, 2025 that he will retire from the role on July 4, 2025. The filing does not name a successor or describe the reasons for the departure, and it does not include financial results or guidance.
James A. Radich, Executive Vice President and Chief Operating Officer, will retire.
Notice was given May 16, 2025; retirement takes effect July 4, 2025.
The filing does not name a successor or give a reason for the departure.
Granite Construction reported a first-quarter 2025 net loss attributable to the company of $34 million, or $(0.77) per diluted share, compared with a $31 million loss, or $(0.70) per share, a year earlier. Revenue rose 4% year-over-year to $700 million, and adjusted diluted earnings were $0.01 per share versus an adjusted loss of $(0.21) a year earlier. The company said its 2025 guidance is unchanged.
Q1 revenue rose $28 million, or 4%, to $700 million; Materials segment revenue rose 10.2% to $84.9 million.
GAAP net loss attributable to the company was $34 million, or $(0.77) per diluted share, versus $(0.70) a year earlier, with stock-based compensation of $32.2 million compared with $12.9 million.
Adjusted diluted EPS was $0.01, compared with $(0.21) a year earlier; operating cash flow was $4 million.
2025 guidance is unchanged, including revenue of $4.2 billion to $4.4 billion and an adjusted EBITDA margin of 11.0% to 12.0%.
Granite Construction reported fourth-quarter and full-year 2024 results, with revenue and diluted earnings per share higher than in the prior year. The company also issued 2025 guidance calling for revenue of $4.2 billion to $4.4 billion and adjusted EBITDA margin of 11.0% to 12.0%, which gives shareholders a near-term benchmark for the year ahead.
Q4 revenue rose 5% to $977 million; Q4 gross profit was $151 million, up from $94 million
Q4 diluted EPS was $0.84 versus $0.55; adjusted diluted EPS was $1.23 versus $0.85
Full-year 2024 diluted EPS was $2.62 versus $0.97; operating cash flow was $456 million
2025 guidance: revenue of $4.2 billion to $4.4 billion; adjusted EBITDA margin of 11.0% to 12.0%
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Granite Construction filing is on SEC EDGAR ↗. 8-K briefs of other companies →