Granite (GVA) reported a first quarter net loss attributable to Granite of $42 million, or $0.96 per share, compared to net loss of $34 million, or $0.77 per share, prior year. Adjusted net income attributable to Granite was $12 million, or $0.26 per share, compared to $0.2 million, or $0.01 per share, last year. Adjusted EBITDA increased to $58 million compared to $28 million. Revenue increased to $912 million compared to $700 million.
For fiscal 2026, the company increased revenue guidance to a range of $5.2 billion to $5.4 billion from a range of $4.9 billion to $5.1 billion. Adjusted EBITDA margin guidance was raised to a range of 12.25% to 13.25% from a range of 12.0% to 13.0%.
In pre-market trading on NYSE, Granite shares are up 2.81 percent to $125.99.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.