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GRANITE CONSTRUCTION INC (GVA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   8-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Revenues:  
    Construction  749.4       
    Other  149.1       
Total revenues  898.6560.1768.3653.9805.71,062.1834.7566.3
            Revenue growth  17.0%-14.3%-8.0%15.5%-14.8%-0.3%-8.9%-10.9%
Cost of goods sold  795.5527.7689.8593.8743.2942.2736.4512.6
Gross profit  103.132.478.560.162.4119.998.253.7
            Gross margin  11.5%5.8%10.2%9.2%7.8%11.3%11.8%9.5%
Selling, general and administrative   [+]64.673.153.270.175.677.658.661.2
Equity in earnings  -7.05.20.51.32.02.52.60.3
EBITDA   [+]39.7-18.321.72.328.274.465.7-54.7
            EBITDA margin  4.4%-3.3%2.8%0.4%3.5%7.0%7.9%-9.7%
Depreciation and amortization  21.819.715.616.728.028.228.324.6
EBIT   [+]17.9-38.16.1-14.40.146.337.4-79.2
            EBIT margin  2.0%-6.8%0.8%-2.2%0.0%4.4%4.5%-14.0%
Non-recurring items   [+]-3.9       
Interest expense, net   [+]-3.2-0.93.13.04.34.85.35.1
Other income (expense), net  -39.92.0-3.4-1.31.4-0.11.80.2
Pre-tax income  -14.8-35.2-0.4-18.7-2.841.333.9-84.2
Income taxes  9.0-9.52.56.417.68.97.7-21.8
            Tax rate   26.9%   21.5%22.8%25.9%
Minority interest   -2.7 1.6-7.2-2.6  
Earnings from continuing ops   -23.0-3.0-26.7-13.235.026.1-62.4
Earnings from discontinued ops    19.5   29.6-2.9
Net income  0.0-23.016.6-26.7-13.235.055.7-65.3
            Net margin  0.0%-4.1%2.2%-4.1%-1.6%3.3%6.7%-11.5%
   
Basic EPS   [+] ($0.53)($0.07)($0.58)($0.29)$0.76$0.57($1.37)
Diluted EPS   [+] ($0.53)($0.07)($0.58)($0.28)$0.73$0.55($1.37)
   
Dividends per share   [+] $0.13$0.13$0.13$0.39$0.13$0.13$0.13
   
Shares outstanding (basic)   [+] 43.844.545.745.845.845.845.7
Shares outstanding (diluted)   [+] 43.844.545.747.647.947.845.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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