Key Developments: Granite Construction Inc (GVA.N)

GVA.N on New York Stock Exchange

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Price Change (% chg)

$1.39 (+4.59%)
Prev Close
$30.25
Open
$30.78
Day's High
$31.80
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$30.19
Volume
112,312
Avg. Vol
68,490
52-wk High
$37.74
52-wk Low
$21.58

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Latest Key Developments (Source: Significant Developments)

Granite Construction Inc Declares Quarterly Dividend
Wednesday, 5 Jun 2013 07:30pm EDT 

Granite Construction Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 12, 2013, for all shareholders of record on June 28, 2013.  Full Article

Granite Construction Inc Secures $130 Million Interstate Reconstruction Project In North Carolina
Tuesday, 14 May 2013 05:30pm EDT 

Granite Construction Inc announced that it has been awarded a $130 million design-build contract by the North Carolina Department of Transportation for the I-40/440 reconstruction project. Granite will book the project into backlog when the contract is executed and a notice to proceed has been issued, both of which are expected to take place before the end of the second quarter of 2013.  Full Article

Granite Construction Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates
Thursday, 9 May 2013 08:30am EDT 

Granite Construction Inc announced that for fiscal 2013, it expects growing the top line of business by at least double digits. The Company reported revenue of $2.083 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.491 billion for fiscal 2013.  Full Article

Granite Construction Inc Declares Quarterly Dividend
Thursday, 17 Jan 2013 04:30pm EST 

Granite Construction Inc announced that Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on April 15, 2013 for all shareholders of record on March 29, 2013.  Full Article

Granite Construction Inc to Acquire Kenny Construction Company
Friday, 28 Dec 2012 09:00am EST 

Granite Construction Inc announced that it has signed a definitive agreement to acquire Kenny Construction Company (Kenny), a national contractor and construction manager specializing in the power, tunnel, water and civil markets, for $130 million. Under the terms of the definitive agreement, Granite will pay the purchase price of $130 million in cash at closing in exchange for 100% of the outstanding shares of Kenny. The purchase price is subject to adjustment for certain items, including any outstanding Kenny indebtedness. Granite intends to finance the transaction through a combination of cash and available borrowings under its existing revolving credit facility. The transaction has been closed in escrow and will become effective on December 31, 2012. BofA Merrill Lynch is acting as financial advisor to Granite in connection with the transaction. FMI Corporation is acting as financial advisor to Kenny.  Full Article

Granite Construction Inc Declares Quarterly Dividend
Friday, 9 Nov 2012 05:39pm EST 

Granite Construction Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 15, 2013 for all shareholders of record on December 31, 2012.  Full Article

Granite Construction Inc's Joint Venture Team Wins $42 Million Highway Project In Northern California
Wednesday, 17 Oct 2012 07:36pm EDT 

Granite Construction Inc announced that the joint venture of Granite Construction Company and MCM Construction, Inc. has been awarded a $42 million highway contract by the California Department of Transportation for the construction of the San Juan Road Interchange in Monterey County. Granite booked its 66% share, or approximately $28 million, into backlog during the third quarter of 2012.  Full Article

Granite Construction Inc Closes $215 Million Senior Secured Credit Facility
Tuesday, 16 Oct 2012 06:23pm EDT 

Granite Construction Inc announced that it has amended and expanded its credit agreement to a four-year, $215 million senior secured credit facility. This facility, which matures October 2016, is available for the issuance of performance and financial letters of credit and/or borrowings for working capital needs and general corporate purposes and replaces Granite’s $100 million credit facility which was scheduled to mature in June 2013. The credit facility consists of participation from Bank of America, Bank of the West, BBVA Compass Bank, BMO Harris Bank, Comerica Bank, US Bank and Union Bank.  Full Article

Granite Construction Inc Declares Quarterly Dividend
Thursday, 9 Aug 2012 06:04pm EDT 

Granite Construction Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on October 15, 2012 for all shareholders of record on September 28, 2012.  Full Article

Granite Construction Incorporated Declares Quarterly Dividend
Wednesday, 23 May 2012 09:00am EDT 

Granite Construction Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 13, 2012 for all shareholders of record on June 29, 2012.  Full Article

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