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Jun 30, 2021
Granite Q2 2021 Earnings Report
Announced results for the second quarter ended June 30, 2021.
Key Takeaways
Granite Construction reported a net income increase to $54.5 million, or $1.14 per diluted share, compared to net income of $3.4 million, or $0.07 per diluted share, year-over-year. Adjusted diluted net income per share was $0.91 and adjusted EBITDA was $79.9 million, propelled by strong results from vertically-integrated businesses in the California and Northwest Operating Groups.
Net income increased to $54.5 million, or $1.14 per diluted share.
Adjusted net income totaled $42.3 million, or $0.91 per diluted share.
Adjusted EBITDA reached $79.9 million.
Public and private markets are robust, demonstrated by increases in transportation CAP within the vertically-integrated groups and in both the water and specialty segments.
Forward Guidance
The Company reaffirms our guidance for 2021: - Low- to mid-single digit revenue growth - Adjusted EBITDA margin of 5.5% to 7.5%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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