Granite Construction Q4 sales, profit top estimates

Granite Construction Incorporated

12/02/2026 11:52

Overview

Infrastructure company's Q4 revenue grew 19%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company's CAP increased 32% yr/yr to $7 bln, a new record

Outlook

Granite expects 2026 revenue between $4.9 bln and $5.1 bln

Company anticipates 2026 adjusted EBITDA margin of 12.0% to 13.0%

Granite plans 2026 capital expenditures of $140 mln to $160 mln

Result Drivers

RECORD CAP - Granite's CAP reached a record $7 bln, driven by strong public market funding and disciplined project selection

MATERIALS SEGMENT GROWTH - Significant revenue growth in materials segment due to higher asphalt and aggregate prices and acquisitions

STRATEGIC ACQUISITIONS - Co leveraged free cash flow and strong balance sheet to expand geographic footprint with acquisitions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.20 bln
$1.15 bln (4 Analysts)
Q4 Adjusted EPS
Beat
$1.40
$1.37 (4 Analysts)
Q4 EPS
$1.03
Q4 Adjusted Net Income
Beat
$65 mln
$61.24 mln (2 Analysts)
Q4 Net Income
$52 mln
Q4 Adjusted EBITDA
Miss
$131 mln
$138.73 mln (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Granite Construction Inc is $135.00, about 1.4% above its February 11 closing price of $133.17

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw21wpsxa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)