Granite Construction Guides FY Revenue to $5.3B-$5.5B
GVA sits 30% above its 52-week low of $89.797.
Summary
Granite Construction issued FY revenue guidance of $5.3B-$5.5B, a material outlook update. This follows a $600M debt refinancing in May-June and recent contract wins totaling ~$167M. The guidance provides a concrete top-line target for the year, helping investors gauge the impact of acquisitions and backlog conversion. With a market cap around $5.2B, the revenue range implies a roughly 1x price-to-sales multiple, suggesting the stock may react to the clarity on growth trajectory.
At the time of this announcement, GVA was trading at $117.10 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $89.80 to $162.08. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.