Granite Construction (GVA) Misses Q1 EPS by 16c
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Granite Reports First Quarter 2016 Results
April 29, 2016 6:45 AM EDTTotal Company revenue increased 4.6 percent to $439.5 million Contract backlog at all-time high of $3.4 billion, up 15.3 percent year-over-year Total Company gross profit was $39.2 million, up slightly from $38.9 million last year; gross profit margin down slightly Construction segment posts double-digit revenue growth; nearly 200 basis points of gross profit margin expansion to 12.9 percent Large Project Construction segment revenue increases; gross profit margin down at 6.9 percent Wet weather slows Construction Materials segment start... More
