Granite Construction (GVA) Misses Q4 EPS by 18c; Sees FY17 Revs Up Low-Single Digits
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Granite Reports Fourth Quarter and Fiscal Year 2016 Results
February 17, 2017 6:55 AM EST2016 Financial and Operational Highlights
Backlog increased 19.8 percent year-over-year to a year-end record $3.5 billion Revenues $2.5 billion up 6.1 percent year-over year Gross profit $301.4 million up $1.5 million year-over-year Gross profit margin 12.0 percent compared to 12.6 percent last year Diluted earnings per share $1.42 compared to $1.52 last yearWATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today reported net income of $57.1 million for the year ended December 31, 2016 compared with net income of $60.5 million in the prior year.... More
