Granite Construction Incorporated ( GVA ) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST Company Participants Michael Barker - Vice President of Investor Relations Kyle Larkin - President, CEO & Director Staci Woolsey - Executive VP & CFO Conference Call Participants Brent Thielman - D.A. Davidson & Co., Research Division Steven Ramsey - Thompson Research Group, LLC Michael Dudas - Vertical Research Partners, LLC Presentation Operator Good morning.
Granite Construction is a leading U.S. civil works contractor with a balanced revenue mix from public and private infrastructure projects. GVA's vertical integration in materials boosts margins, and recent acquisitions position it for higher profitability and a potential business re-rating. Valuation analysis suggests GVA is undervalued relative to peers, with a three-year price target of $145 per share and a buy rating.
Granite Construction continues to deliver strong revenue, profit, and cash flow growth, driven by both organic gains and strategic acquisitions. GVA's recent purchases of Warren Paving and Papich Construction are expected to significantly boost EBITDA, operating cash flow, and net income. Despite recent share appreciation, GVA remains undervalued compared to peers, offering substantial upside potential based on relative valuation multiples.
Does Granite Construction (GVA) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how Granite Construction (GVA) and Sterling Infrastructure (STRL) have performed compared to their sector so far this year.
Granite Construction continues to deliver strong growth and remains attractively valued, outperforming the S&P 500 since my initial 'buy' rating. Recent results show revenue growth across both segments, with private sector strength and successful acquisitions fueling expansion despite a slight dip in profitability. Management projects robust organic growth, ongoing acquisitions, and margin improvements, targeting significant EBITDA and cash flow increases by 2027.
Infrastructure spending is booming lately. Read on to find out which among TPC and GVA is gaining more.
GVA's steady growth, strong CAP and attractive valuation signal a favorable entry point for investors.
Here is how Granite Construction (GVA) and Trane Technologies (TT) have performed compared to their sector so far this year.
GVA wins $26-million contract to upgrade SFO's Taxiway Z and a section of Taxiway S, enhancing safety, lighting, drainage and pavement.
Granite Construction (GVA) could produce exceptional returns because of its solid growth attributes.
GVA boosts CAP growth with new contract win from the Alaska Department of Transportation and Public Facilities. Dive in for details.