Granite Construction (GVA) Misses Q1 EPS by 39c, Beats on Revenue

Granite Construction (NYSE: GVA) reported Q1 EPS of ($0.60), $0.39 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $468.4 million versus the consensus estimate of $458.65 million.

Outlook and Guidance

"We recognize and thank our employees for their commitment to do business the right way every day. This is reflected both in being named to the World’s Most Ethical Companies® list for the eighth year in a row and by being named by Forbes as one of the Most Trustworthy Companies in America the past two years," said Roberts. "Granite teams are well positioned to deliver excellent results, and we are maintaining our growth and guidance expectations for 2017," Roberts said.

The Company’s expectations for 2017 remain:

• Low-double digit consolidated revenue growth
• Consolidated EBITDA margin1 of 6.5% to 7.5%

For earnings history and earnings-related data on Granite Construction (GVA) click here.

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