Granite Construction Inc (GVA) reported better-than-expected financial results for the third quarter of fiscal 2025. The company achieved earnings per share (EPS) of $2.70, surpassing Wall Street's consensus estimate of $2.53 by $0.17. However, revenue came in at $1.4 billion, slightly below the anticipated $1.5 billion.
The announcement highlights the company's ongoing operational performance and financial health. Granite Construction, headquartered in Watsonville, California, operates in the construction industry and employs 2,300 full-time staff. The firm focuses on infrastructure solutions, including the construction and rehabilitation of roads, bridges, and various complex projects. Its materials segment produces aggregates and asphalt concrete, supporting both internal projects and external sales.
Granite Construction will host an earnings conference call at 8:00 AM to discuss these results and provide further insights into its business performance. Investors are encouraged to review the full earnings release and listen to management commentary to gain a comprehensive understanding of the quarter's results and future outlook.
With a market capitalization of $4.29 billion and a P/E ratio of 27.08, the company remains a significant player in the construction sector. Looking ahead, the next earnings report is scheduled for August 4, 2026, with an EPS estimate of 2.0907.
This brief was generated from structured financial data and reviewed by the Investing Point editorial team. It is for informational purposes only and does not constitute investment advice.