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{{Short description|American Construction Firm}}
{{Short description|American Construction Firm}}
{{Use mdy dates|date=May 2024}}
{{Multiple issues|
{{More citations needed|date=December 2009}}
{{More footnotes|date=December 2009}}
{{Advert|date=August 2019}}
}}
{{Infobox company
{{Infobox company
| name = Granite Construction Incorporated
| name = Granite Construction Incorporated
Line 12: Line 8:
| image_caption =
| image_caption =
| type = [[Public Company|Public]]
| type = [[Public Company|Public]]
| traded_as = {{ubl|{{NYSE|GVA}}|[[S&P 600]] component}}
| traded_as = {{ubl|{{NYSE|GVA}}|[[List of S&P 600 companies|S&P 600]] component}}
| industry = {{ubl|[[Engineering]]|[[Construction]]}}
| industry = {{ubl|[[Engineering]]|[[Construction]]|[[Quarries]]}}
| foundation = {{Start date|1922}}
| foundation = {{Start date|1922}}
| founder =
| founder =
| location_city = [[Watsonville, California]], U.S.
| location_city = [[Watsonville, California]], U.S.
| locations =
| locations =
| key_people = Kyle Larkin<br/><small>(President)</small> <br> Lisa Curtis <small>([[Chief financial officer|CFO]]) </small> <br> James Radich <small>([[Chief operational officer|COO]]) </small> <br> Jigisha Desai ([[Chief strategy officer|CSO]])
| key_people = Kyle Larkin<br /><small>(President & CEO)</small> <br /> Lisa Curtis <small>([[Chief financial officer|CFO]]) </small> <br /> James Radich <small>([[Chief operations officer|COO]]) </small>
| revenue = $3.01 billion (2021)<ref>{{cite web|url=https://investor.graniteconstruction.com/sites/granite-construction-v2/files/granite-annual-report-2021.pdf|title=Annual report 2021|website=graniteconstruction.com|access-date=22 May 2024}}</ref>
| revenue = $3,318.4 million (2018)
| operating_income =
| operating_income =
| net_income =
| net_income =
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| website = {{URL|graniteconstruction.com}}
| website = {{URL|graniteconstruction.com}}
}}
}}
'''Granite Construction Inc.''' is a member of the [[S&P 600]] Index based in [[Watsonville, California]], and is the parent corporation of '''Granite Construction Company''', a heavy civil [[general contractor]] and [[List of building materials|construction material]] producer.
'''Granite Construction Inc.''' is a civil construction company and aggregate producer, a member of the [[S&P 600 Index]]<ref>{{Cite web |title=S&P SmallCap 600® {{!}} S&P Dow Jones Indices |url=https://www.spglobal.com/spdji/en/indices/equity/sp-600/#overview |access-date=2022-05-30 |website=www.spglobal.com}}</ref> based and founded in [[Watsonville, California]], and is the parent corporation of '''Granite Construction Company'''. The company is both a heavy civil construction contractor and [[construction aggregate]] [[manufacturer]], owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 to 2021 for misrepresenting revenue, and as a result paid fines to settle disputes with shareholders, and avoided delisting from the NYSE.

Incorporated in 1922 and [[publicly traded]] since 1990, Granite Construction Company is composed of a construction materials division, and three construction operating divisions (California Group, Mountain Group and Central Group). Under each group are numerous regional offices, quarries, [[Asphalt concrete|asphalt]] and concrete plants. Granite's California Group comprises five regions, based on geographically limited areas within the state. Granite's Central Group comprises six regions, representing states and specific markets outside of California: Arizona, Texas, Florida, Illinois, and Federal Division based in Colorado. Granite's Mountain Group comprises five regions, representing states and specific markets in Alaska, Washington, Oregon, Idaho, Nevada, Utah and the Water/Mineral Division.


⚫
Granite Construction works in both public and private sector transportation infrastructure projects that include: roads and highways, bridges, dams, water reservoirs, railroads, seaports, and airports. The materials division produces construction materials such as sand, gravel, [[ready-mix concrete|ready-mix]] and [[asphalt concrete]].
Incorporated in 1922 and publicly [[trade (financial instrument)|traded]] since 1990, Granite Construction Company is composed of a materials division and two geographically divided operating divisions (Granite West, located in Watsonville, and Granite East, located in the [[Dallas-Fort Worth Metroplex]] suburb of [[Lewisville, Texas]]), under which are several regional offices.


As of 2022, Granite was ranked 28th on ENR's Top 400 Contractors (by overall revenue), dropping from 25th in 2021.<ref>{{Cite web |title=ENR 2022 Top 400 Contractors 1-100 {{!}} Engineering News-Record |url=https://www.enr.com/toplists/2022-Top-400-Contractors-1-preview |access-date=2022-12-19 |website=www.enr.com}}</ref>
⚫
Granite specializes in both public and private sector transportation infrastructure projects that include: [[roads]], [[highways]], [[tunnels]], [[bridge]]s, locks and dams, [[mass transit]] facilities and [[airports]]. The materials division produces construction materials such as sand, gravel, [[ready-mix concrete|ready-mix]] and [[asphalt concrete]].


==References==
==References==
{{Reflist}}
<references />


==External links==
==External links==

Latest revision as of 06:37, 22 May 2024

Granite Construction Incorporated
Company typePublic
Industry
Founded1922 (1922)
Headquarters
Watsonville, California, U.S.
Key people
Kyle Larkin
(President & CEO)
Lisa Curtis (CFO)
James Radich (COO)
Revenue$3.01 billion (2021)[1]
Number of employees
4,200[2] (2018)
Websitegraniteconstruction.com

Granite Construction Inc. is a civil construction company and aggregate producer, a member of the S&P 600 Index[3] based and founded in Watsonville, California, and is the parent corporation of Granite Construction Company. The company is both a heavy civil construction contractor and construction aggregate manufacturer, owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 to 2021 for misrepresenting revenue, and as a result paid fines to settle disputes with shareholders, and avoided delisting from the NYSE.

Incorporated in 1922 and publicly traded since 1990, Granite Construction Company is composed of a construction materials division, and three construction operating divisions (California Group, Mountain Group and Central Group). Under each group are numerous regional offices, quarries, asphalt and concrete plants. Granite's California Group comprises five regions, based on geographically limited areas within the state. Granite's Central Group comprises six regions, representing states and specific markets outside of California: Arizona, Texas, Florida, Illinois, and Federal Division based in Colorado. Granite's Mountain Group comprises five regions, representing states and specific markets in Alaska, Washington, Oregon, Idaho, Nevada, Utah and the Water/Mineral Division.

Granite Construction works in both public and private sector transportation infrastructure projects that include: roads and highways, bridges, dams, water reservoirs, railroads, seaports, and airports. The materials division produces construction materials such as sand, gravel, ready-mix and asphalt concrete.

As of 2022, Granite was ranked 28th on ENR's Top 400 Contractors (by overall revenue), dropping from 25th in 2021.[4]

References

[edit]
  1. ^ "Annual report 2021" (PDF). graniteconstruction.com. Retrieved May 22, 2024.
  2. ^ "Granite Construction". Fortune. Retrieved August 19, 2019.
  3. ^ "S&P SmallCap 600® | S&P Dow Jones Indices". www.spglobal.com. Retrieved May 30, 2022.
  4. ^ "ENR 2022 Top 400 Contractors 1-100 | Engineering News-Record". www.enr.com. Retrieved December 19, 2022.
[edit]


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