Profile: Granite Construction Inc (GVA)
28 Jul 2015
Granite Construction Incorporated (Granite), incorporated on January 24, 1990, is a heavy civil contractors and construction materials producer in the United States. The Company operates through segments, including Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.
The Construction segment performs construction management, as well as various civil construction projects with a portion of the work focused on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. These projects are bid-build and construction management projects completed within two years. As of December 31, 2014, the Company’s revenue from Construction segment included 52.1% of its total revenue. Revenue from its Construction segment is derived from both public and private sector clients. Customers in its Construction segment include certain federal agencies, state departments of transportation, county and city public works departments, school districts and developers, utilities and owners of industrial, commercial and residential sites.
Large Project Construction
The Company’s Large Project Construction segment focuses on large and complex infrastructure projects, which has a longer duration than its Construction segment work. These projects include highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, utilities and airport infrastructure. The segment includes bid-build, design-build and construction management or general contractor contracts. AS of December 31, 2014, the Company’s revenue from Large Project Construction segment included 36.3% of its total revenue. Customers of its Large Project Construction segment are predominantly in the public sector and include various state departments of transportation, local transit authorities, utilities and federal agencies.
The Company’s Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. As of December31, 2014, the Company’s revenue from Construction Materials segment included 11.6% of its total revenue. Customers of the Company’s Construction Materials segment include internal usage by the Company’s own construction projects, as well as third-party customers. Its third party customers include, but, are not limited to, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers and brokers.
Granite Construction Inc
585 W Beach St
WATSONVILLE CA 95076-5123
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