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Granite Construction

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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 two construction operating divisions (California 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, Federal, and Water/Minerals.

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

  1. ^ https://investor.graniteconstruction.com/sites/granite-construction-v2/files/granite-annual-report-2021.pdf [bare URL PDF]
  2. ^ "Granite Construction". Fortune. Retrieved 2019-08-19.
  3. ^ "S&P SmallCap 600® | S&P Dow Jones Indices". www.spglobal.com. Retrieved 2022-05-30.
  4. ^ "ENR 2022 Top 400 Contractors 1-100 | Engineering News-Record". www.enr.com. Retrieved 2022-12-19.


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