Granite Construction (GVA) Misses Q4 EPS by 31c

Granite Construction (NYSE: GVA) reported Q4 EPS of $0.05, $0.31 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $683.2 million versus the consensus estimate of $960.7 million.

Guidance:

The Company's expectations for 2022 are:

• Low single digit growth in revenue from continuing operations
• Adjusted EBITDA margin from continuing operations in the range of 6% to 8%
• SG&A Expense from continuing operations in the range of 8.0% to 8.5% of revenue
• Low to mid-20s effective tax rate range for continuing operations
• Capital expenditures in the range of $100 million to $115 million

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

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