Every material Form 8-K Granite Construction filed with the SEC in 2026, 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 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%
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)
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
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
Granite Construction closed a $600.0 million offering of 6.375% senior notes due 2034 on June 2, 2026, with estimated net proceeds of about $590.0 million. The company plans to use the proceeds, with cash on hand, to redeem its 3.75% convertible notes due 2028, and it expects a non-cash charge of approximately $500 million tied to the derivative feature of those convertibles, which shareholders should weigh against the financing.
Closed $600.0 million of 6.375% senior notes due June 15, 2034, with estimated net proceeds of about $590.0 million
Called $273.7 million of 2028 convertible notes for redemption on August 10, 2026, and elected to settle conversions mainly in cash
Estimated derivative liability of about $500 million expected to be recognized as charges, after the stock rose 253% since the 2028 notes were issued
Company says the accounting impacts will be excluded from non-GAAP measures and do not change its 2026 adjusted EBITDA margin guidance
Granite reported first-quarter 2026 revenue of $912 million, up 30% from a year earlier, and raised its 2026 revenue guidance to $5.2 billion to $5.4 billion. The GAAP net loss widened to $42 million, but adjusted diluted EPS rose to $0.26 from $0.01, and the company said it completed the Kenny Seng Construction acquisition on April 23, 2026.
Q1 revenue was $912 million, up from $700 million; net loss attributable to Granite was $42 million, or $(0.96) per diluted share, versus $34 million, or $(0.77), a year earlier
Adjusted diluted EPS was $0.26 versus $0.01; adjusted EBITDA rose 106% to $58 million
2026 revenue guidance raised to $5.2 billion to $5.4 billion from $4.9 billion to $5.1 billion; adjusted EBITDA margin guidance raised to 12.25% to 13.25%
Contracted backlog (CAP) reached a record $7.2 billion, including $640 million of U.S. Customs and Border Protection tactical infrastructure projects
On February 18, 2026, Granite Construction agreed with a limited number of holders to exchange $100 million of its 3.75% Convertible Senior Notes due 2028, with consideration based partly on its share price over a 15 trading-day period. At an assumed price of $128.61 per share, the total purchase price would be about $283 million, paid entirely in cash. The company also partly unwound related capped call transactions, and it expects $273.75 million of the notes to remain outstanding and about 2.2 million shares to leave its diluted share count.
Exchange of $100 million principal of 3.75% Convertible Senior Notes due 2028, agreed on February 18, 2026
At an assumed $128.61 daily VWAP, total purchase price is about $283 million including accrued interest, all in cash
Stock is delivered only if the average VWAP exceeds $140.00 over the 15 trading-day Measurement Period beginning February 18, 2026
Expected notes outstanding after closing: $273.75 million; about 2.2 million shares removed from diluted share count
Granite reported fourth-quarter and full-year 2025 results. Q4 net income attributable to Granite rose 25% to $52 million, and diluted EPS rose 23% to $1.03; full-year diluted EPS rose 47% to $3.86. The company also issued 2026 guidance calling for revenue of $4.9 billion to $5.1 billion, compared with $4.4 billion in 2025.
Q4 2025 revenue increased 19% year-over-year to $1.2 billion; Q4 diluted EPS was $1.03 versus $0.84 a year earlier
Committed and Awarded Projects reached a record $7.0 billion at December 31, 2025, up 32% year-over-year
Full-year 2025 revenue was $4.4 billion, up 10%; full-year adjusted EBITDA was $527 million, up 31%
2026 guidance: revenue of $4.9 billion to $5.1 billion and adjusted EBITDA margin of 12.0% to 13.0%
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 →