Granite Construction, Inc.

Sector: Highway And Street Construction Except Elevated Highways Region: CA, United States

Exchange/Ticker: New York Stock Exchange: GVA

Company Description

Granite Construction, Inc. is a diversified heavy civil contractor and construction materials producers in the United States. The company operates through the following segments: Construction, Large Project Construction, Construction Materials and Real Estate. The Construction segment performs various heavy civil construction projects with a large portion of the work focused on new construction and improvement of streets, roads, highways, bridges, site work and other infrastructure projects. The Large Project Construction segment focuses on large and complex infrastructure projects, including major highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals and airport infrastructure. This segment primarily includes bid-build, design-build and construction management/general contractor contracts. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials, including sand, gravel, ready-mix and asphalt concrete for internal use and for sale to third parties. The Real Estate segment purchases, develops, operates, sells and invests in real estate related projects and provides real estate services for the company's operations. This segment's current portfolio consists of residential, retail and office site development projects for sale to home and commercial property developers or held for rental income in Washington. Granite Construction was founded in January 1990 and is headquartered in Watsonville, CA.

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