GRANITE CONSTRUCTION INC

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 14, 2025

GVA$124.92+3.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(dollars in thousands, except share and per share data)

Years Ended December 31,	2024	2023	2022
Revenue	$4,007,574	$3,509,138	$3,301,256
Cost of revenue	3,434,877	3,112,739	2,931,762
Gross profit	572,697	396,399	369,494
Selling, general and administrative expenses	334,162	294,466	272,610
Other costs, net (see Note 1)	39,936	50,217	24,120
Gain on sales of property and equipment, net	(8,764)	(28,346)	(12,617)
Operating income	207,363	80,062	85,381
Other (income) expense:
Loss on debt extinguishment	27,552	51,052	—
Interest income	(24,349)	(17,538)	(6,528)
Interest expense	29,188	18,462	12,624
Equity in income of affiliates, net	(16,982)	(25,748)	(13,571)
Other (income) expense, net	(4,238)	(6,020)	1,039
Total other (income) expense, net	11,171	20,208	(6,436)
Income before income taxes	196,192	59,854	91,817
Provision for income taxes	55,749	30,267	12,960
Net income	140,443	29,587	78,857
Amount attributable to non-controlling interests	(14,097)	14,012	4,445
Net income attributable to Granite Construction Incorporated	$126,346	$43,599	$83,302
Net income per share attributable to common shareholders (see Note 18):
Basic earnings per share	$2.88	$0.99	$1.87
Diluted earnings per share	$2.62	$0.97	$1.70
Weighted average shares outstanding:
Basic	43,846	43,879	44,485
Diluted	52,514	52,565	52,326

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.