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Mar 31, 2021
Granite Q1 2021 Earnings Report
Granite experienced a net loss but showed improvement in key segments and maintained a strong balance sheet.
Key Takeaways
Granite reported a net loss of $66.2 million, or $1.45 per diluted share, for Q1 2021, which was comparable to the prior year. However, the company saw improvement in the Transportation and Specialty segments, and the balance sheet remained strong.
Net loss was ($66.2) million, or ($1.45) per diluted share.
Adjusted net loss was ($4.9) million, or ($0.11) per diluted share.
Transportation segment showed continued improvement.
Specialty segment realized significant improvement in gross profit.
Granite
Granite
Granite Revenue by Segment
Revenue by Segment
Construction Segment Revenue
CapyFin.com Forward Guidance
The Company reaffirms our guidance for 2021: Low- to mid-single digit revenue growth and adjusted EBITDA margin of 5.5% to 7.5%.
Positive Outlook
- Low- to mid-single digit revenue growth
- Adjusted EBITDA margin of 5.5% to 7.5%