Articles from Granite

Granite (NYSEGVA) has been awarded an approximately $88 million contract by the California Department of Transportation (Caltrans) to improve a section of Ortega Highway State Route 74 (SR 74). Project funding will come from state and federal sources and the project will be included in Granite’s first-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $71 million contract by the United States Army Corps of Engineers to expand and update the rail yard at Fort Bliss in El Paso, TX. Project funding is to come from federal sources and was included in Granite’s 2024 third-quarter CAP.

Granite (NYSEGVA) Vice President of Operational Excellence, Pat Kelly, has been elected president of the Associated General Contractors (AGC) of California for the year 2025. This appointment recognizes Pat’s extensive experience and dedication to the construction industry.

Granite (NYSEGVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 15, 2025, to all shareholders of record at the close of business on December 31, 2024.

Granite (NYSEGVA) has been listed by Newsweek as one of America’s Most Responsible Companies in 2025. Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider, present this award to recognize companies for their commitment to doing the right thing for people, the planet, and their communities.

Granite (NYSEGVA) announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27 million subcontract for general contractor Hensel Phelps. Mosaic Quarter is a sports and entertainment-focused lifestyle center, serving as a destination point for residents and visitors. It features state-of-the-art venues for entertainment, recreational and collegiate sports, including ice hockey, basketball, soccer, and much more.

Granite (NYSEGVA) announced an approximately $42 million design-build contract by Naval Facilities Engineering Systems Command (NAVFAC) for a sitework and infrastructure project related to the Relay Ground Station-Asia (RGS-A) program at Naval Base Guam. Project funding is to come from federal sources and was included in Granite’s third-quarter backlog.

Granite (NYSEGVA) continues to expand its home market strategy in the Southeast through various projects, leveraging its recent acquisitions of Lehman-Roberts, Memphis Stone & Gravel (MSG), and Dickerson & Bowen Inc. (D&B).

Granite (NYSEGVA) has been awarded an approximately $21 million contract by the California Department of Transportation (Caltrans) to rehabilitate three miles of pavement on both the northbound and southbound lanes of State Route 99 (SR 99) through Tulare, California. Project funding is to come from federal sources and was included in Granite’s third-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $27 million contract by the City of Bakersfield to enhance the connectivity and efficiency of the State Route 58/State Route 99 (SR 58/SR 99) interchange in Bakersfield. Project funding is to come from the City of Bakersfield and the Thomas Roads Improvement Program (TRIP) and was included in Granite’s third-quarter CAP.

Granite (NYSEGVA) announced the commencement of the approximately $45 million Atlantic Base Refurbishment (ABR) project in Seattle, Washington. This comprehensive initiative aims to modernize and enhance the infrastructure of King County Metro’s (KCM) six-acre trolley bus parking and maintenance facility.

Granite (NYSEGVA) has announced the signing of a $34 million contract to implement seismic improvements to the Oakland International Airport (OAK) Perimeter Dike. This critical infrastructure project is designed to protect the airport runway from water intrusion from the adjacent San Francisco Bay. Project funding comes in part from the Federal Aviation Administration (FAA) and will be included in Granite’s third-quarter CAP.

Granite (NYSEGVA) announced today that it has received six awards, including the Bronze Louis Griesemer Sterling Safety Award for large companies, from the National Stone, Sand & Gravel Association (NSSGA). These honors were presented at the NSSGA Legislative & Policy Forum in Washington DC on September 27, 2024.

Granite (NYSEGVA) has been recognized as the top company in the Highways market and the second in the Mining market in the 2024 Top Contractors Sourcebook by Engineering News-Record (ENR) magazine. ENR, a leading trade publication, ranks the largest U.S.-based public and private companies across major market sectors. This achievement marks the fourth consecutive year and the sixth time in seven years that Granite has secured the #1 ranking in Highways.

Granite (NYSEGVA), in partnership with Obayashi Corporation under the Granite-Obayashi 2 Joint Venture, announced the award of an estimated $113 million contract to construct new facilities at Marine Corps Base Camp Blaz (MCCB). Project funding comes from the Department of Defense’s (DOD) Military Construction (MILCON) and will be included in Granite’s third-quarter CAP.

Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that the previously announced court approved plan of arrangement to simplify Granite’s capital structure by replacing its current stapled unit structure with a conventional REIT trust unit structure (the “Arrangement”), is expected to be completed and become effective on or about October 1, 2024 (the “Effective Date”).

Granite (NYSEGVA) has been awarded an approximately $65 million contract by the Utah Department of Transportation (UDOT) to commence Phase 2 of the SR-30 Improvement Project in Logan, Utah. Project funding will come from UDOT and Federal funds and was included in Granite’s second-quarter CAP.

Granite (NYSEGVA) is proud to announce its role as Construction Manager at Risk (CMAR) of the Arlington Avenue Bridges Replacement Project, a transformative initiative aimed at replacing the two structurally deficient bridges that cross the Truckee River in the Riverwalk District of downtown Reno, Nevada. The approximately $32 million project was awarded by the Regional Transportation Commission (RTC) of Washoe County and is funded by federal and local fuel tax funds.

Granite (NYSEGVA) has been awarded an approximately $45 million contract to reconstruct and modernize the John Wilkie Safety Roadside Rest Area along the Interstate 40 (I-40) corridor by the California Department of Transportation (Caltrans). Project funding will come from Caltrans and was included in Granite’s second-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $38 million contract (Segment 4E South) by the California Department of Transportation (Caltrans) to add peak-hour High Occupancy Vehicle (HOV) lanes and reconstruct all elements of the existing Highway 101 through southern Santa Barbara. Project funding is to come from Caltrans and local sources and was included in Granite’s second-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $27 million contract by the California Department of Transportation (Caltrans) to widen shoulders and resurface a 19-mile stretch of State Route 33 (SR33) in Kern County, California. Project funding to come from Caltrans and was included in Granite’s second-quarter CAP.

Granite’s (NYSEGVA) Chief Diversity Officer, Jorge Quezada, has been selected to Diversity MBA’s list of Top 25 Outstanding Leadership and Diversity Impact Awards.

Granite (NYSEGVA) has been awarded an approximately $20 million contract by the Coachella Valley Association of Governments (CVAG) to construct the next segment of what will ultimately be a 40-mile pathway in Southern California from Palm Springs to Thermal. This project completes segments in the cities of Palm Springs and Cathedral City. Project funding comes from CVAG and will be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) announced Lehman-Roberts, a Granite company, has been selected as a subcontractor by Dement Construction Company, LLC on a project for the Tennessee Department of Transportation (TDOT) in the ongoing infrastructure upgrade project where Interstate 22 terminates into State Route 4 (SR 4) and U.S. Route 78 (US 78) southeast of downtown Memphis. Funded by Federal and TDOT funds, Lehman-Roberts’ portion of the contract is approximately $21 million and will be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) announced that the GKJV-II joint venture team comprised of Granite and Kraemer North America will remove and replace the Lafayette Bascule Bridge in Michigan. The contract worth approximately $113 million was awarded the Michigan Department of Transportation (MDOT). The project will be funded by the Federal Highway Administration (FHWA) and MDOT and will be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $16 million contract by the City of Salinas to improve traffic flow on a key thoroughfare between residential areas and Highway 101.

Granite (NYSEGVA) has been awarded an approximately $25 million contract by the City of Everett to remove and replace the Edgewater Creek Bridge. The project will be funded by federal grants and local funds, and will be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) has executed a long-term lease with the Port of Woodland for a new construction materials facility. The facility will be on a 25-acre site next to the Columbia River, reinforcing Granite’s commitment to the Southwest Washington area home market.

Granite’s (NYSEGVA) board of directors has appointed Carlos M. Hernandez as a director of the company, effective June 5, 2024.

Granite (NYSEGVA) is pleased to announce that it has been awarded a $48 million contract by the Washington State Department of Transportation (WSDOT) to replace two existing fish barrier culvert crossings with three new fish passable structures on I-5 in Snohomish County, Washington. Project funding will come from WSDOT and be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) expanded its home market strategy into the Memphis Metropolitan and Northern Mississippi area by acquiring Lehman-Roberts Company and Memphis Stone & Gravel Company (MSG) in Q4 2023. These longstanding asphalt paving and asphalt and aggregates producers and suppliers have won numerous new contracts to date in 2024.

Granite (NYSEGVA) is pleased to announce that it has been awarded an $89 million subcontract by United Airlines and Manhattan Construction as part of the overall United Airlines Terminal B Airside Transformation program, a $2 billion initiative funded by United Airlines and the City of Houston (Houston Airport System). The project will be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $36 million contract by the California Department of Transportation (Caltrans) to rehabilitate pavement along Highway 162 in Mendocino County, California. Project funding comes from both federal funds and the California Senate Bill (SB1) and was included in Granite’s first-quarter CAP.

Granite (NYSEGVA) Chief Financial Officer (CFO) Lisa Curtis announced that she will retire on September 16, 2024, and Granite has named Staci Woolsey, current Granite Chief Accounting Officer (CAO), to succeed Lisa Curtis at that time.

Granite (NYSEGVA) announced the opening of its new office in Ontario, California. This strategic move marks Granite's commitment to serving the Inland Empire and further solidifying its position in the market.

On May 1, 2024 Granite (NYSEGVA) published its 2023 Sustainability Report, highlighting the company’s efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance. “At Granite, our mission is to provide infrastructure solutions that support more prosperous and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin. “We don’t just recognize our responsibility to contribute to a more sustainable future—we embrace sustainability as a core value, a key component of our business strategy, and a value driver.”

Granite (NYSEGVA) has been awarded a subcontract worth approximately $31 million by prime contractor Skanska USA, to work on Washington State Department of Transportation (WSDOT) and Sound Transit’s highway project to provide roadway improvements along a four-and-a-half-mile corridor on Interstate 405 (I-405) in Bothell, WA. The project will be included in Granite’s first-quarter CAP.

Granite (NYSEGVA) announced today that District Vice President Ian Firth has been appointed to the National Asphalt Pavement Association’s (NAPA) Advisory Council West Region as an at large member. NAPA is the only national trade association representing the asphalt industry and works to advance the asphalt pavement industry through leadership, training, and advocacy. This includes supporting member companies on issues including engineering, health and safety, workforce development, and more.

Granite (NYSEGVA), has been recognized as a 4-Star Employer in the 2024 VETS Indexes Employer Awards in just its second year as a participant. This award acknowledges the company’s dedication to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community.

Granite (NYSEGVA) continues to shine in talent engagement. For the fourth consecutive year, the company has secured Handshake’s Early Talent Award (ETA). This annual award celebrates the best employers for people starting their careers, and Granite is one of a select group in its industry to be recognized (out of 900,000+ employers using Handshake).

Granite (NYSEGVA) has received a total of 97 awards and commendations from the National Asphalt Pavement Association (NAPA), recognizing the company’s plant operations, paving operations, and adherence to best practices across the following seven states: Alaska, Arizona, California, Mississippi, Nevada, Utah, and Washington state. Within this list of recognition, newly acquired Lehman-Roberts received five awards. The following awards were presented at NAPA’s 69th annual meeting in Orlando, Florida.

Granite (NYSEGVA) successfully finished preconstruction services and, on February 1, 2024, was awarded the final $112 million construction option for the Polychrome Area Improvements Construction Manager/General Contractor (CM/GC) project by the Federal Highway Administration (FHWA) in Denali National Park, Alaska. This last construction award completes the scope of work the National Park Service (NPS) has planned for the project. The combined value of all awarded options is $207,791,533.

Granite (NYSEGVA) has been awarded a contract worth approximately $55 million by the City of Tucson to widen Grant Road from Palo Verde to Venice. Project funding will come from the Regional Transportation Authority and is expected to be included in Granite’s first quarter CAP.

Granite (NYSEGVA) announced the successful completion of its first fully automated aggregate plant in Tucson, Arizona, marking a milestone in the company's commitment to technological advancement and sustainable production practices.

Granite (NYSEGVA) has been listed by Newsweek as one of America’s Most Responsible Companies in 2024. This recognition is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on December 6th, 2023.

Granite (NYSEGVA) announced today that its wholly-owned subsidiary International Directional Services (IDS) and Veracio, a mining technology company, have entered into a partnership aimed at transforming drill hole data analytics and elevating productivity for Granite’s clients.

Granite (NYSEGVA) announces its achievement as the recipient of the ConocoPhillips Excellence in Safety Award by the Associated General Contractors (AGC) of Alaska. This accolade is awarded to organizations that exemplify and promote excellence in safety within the construction industry in Alaska.

Granite (NYSEGVA) is proud to announce that its Handley Ranch Quarry has been selected as the recipient of the prestigious 2023 CalCIMA Excellence in Safety award in the Small Aggregate Mine category.

Granite (NYSEGVA) announced that the American River Constructors (ARC) joint venture team comprised of Granite and California Engineering Contractors has been awarded another contract by the California Department of Transportation (Caltrans) for the American River Bridge Rehabilitation Construction Manager/General Contractor (CM/GC) project in Sacramento, California. A CM/GC Preconstruction Service contract has been underway since January 2021 and was recently completed. In addition, three child contracts totaling $70 million have been executed for access, clearing, steel piling and girder procurement, and bridge substructure construction. The newest contract is a $131 million parent project contract to construct the superstructure for the replacement of the existing bridge deck in three stages. The contract was included in Granite’s second-quarter 2023 CAP and is slated for completion in the first quarter of 2026.

Granite (NYSEGVA) has been awarded an approximately $45 million contract by the Utah Department of Transportation (UDOT) to widen and improve State Route 108 (SR-108) in Davis County, Utah. Funded by State and Federal sources, the project will be included in Granite's third-quarter CAP.

Granite (NYSEGVA) has been awarded Options W.3A, W.3B and W.4 for the Polychrome Area Improvements Construction Manager/General Contractor (CM/GC) project by the Federal Highway Administration (FHWA) in Denali National Park in Alaska. These construction options, with a combined value of $24,586,571, complete long-lead procurements, fabrication of the steel truss bridge, and construction engineering and fabrication of temporary works for a bridge launching system. This combination of awards brings the total value of awarded options and modifications to $95,634,019 since preconstruction began in January 2023. The final package of work remaining to be negotiated, Option Y, includes supply of miscellaneous materials, erection of the bridge, construction of back walls and approaches, and installation of the thermosyphon system. Option Y design is complete, and negotiation for the construction contract is expected to take place in November this year.

Granite (NYSEGVA) is ranked number one in the Highways market and number three in the Mining market in the 2023 Top Contractors Sourcebook by Engineering News-Record (ENR) magazine. ENR ranks the largest U.S.-based public and private companies in major market sectors and is widely regarded as the industry’s leading trade publication. This marks the third consecutive year and five out of the last six years that Granite has achieved the #1 ranking in Highways.

Granite (NYSEGVA) is proud to announce that it has been honored with six awards including the prestigious Louis Griesemer Sterling Safety large company award by The National Stone, Sand & Gravel Association (NSSGA). This esteemed recognition was conferred during the NSSGA Legislative & Policy Forum, held in Washington DC on September 25, 2023.

Granite (NYSEGVA) has been awarded a time and materials contract by the California Department of Transportation (Caltrans). Granite will clear and repair multiple rock and mudslide areas to restore access through the Sequoia National Forest near Kings Canyon National Park. The project, funded by Caltrans, is expected to generate $12.5 million of work and will be included in Granite's third-quarter CAP.

Granite (NYSEGVA) is pleased to announce it has won two ARC Awards in 2023. Granite’s 2022 Sustainability Report won Gold, and its 2022 Annual Report won Silver, in this year's — the 37th — annual international competition. Across six continents, 90 countries competing, 15 languages submitted, spanning 24 time zones, the ARC Award's mission is to celebrate the creativity of the annual report in all its forms.

Granite (NYSEGVA) is honored to be recognized as the Presenting Partner of The Associated General Contractors of California (AGC of California) and the AGC Construction Education Foundation (AGC CEF), Inclusive Leaders Institute. Granite's sponsorship aims to bolster the program's mission of arming industry executive leaders with the tools essential for fostering inclusivity within their workplaces.

Granite (NYSEGVA) is proud to announce its groundbreaking Construction Manager/General Contractor (CM/GC) project to fortify and modernize the iconic Deer Creek Dam & Reservoir in Heber Valley, Utah. The approximately $73 million project was awarded and funded by the Provo River Water Users Association (PRWUA).

Granite (NYSEGVA) has been awarded an approximately $72 million contract by the California Department of Transportation (Caltrans) to build auxiliary lanes and bus-on-shoulder facilities on Highway 1 between Bay/Porter and State Park Drive in Capitola, California. Funded by the Santa Cruz County Regional Transportation Commission (SCCRTC), with Local Measure D-Highway Corridor funds, Senate Bill 1 grants, and other SCCRTC discretionary funds, the project was included in Granite's second quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $215 million contract by the city of Akron, Ohio to construct the Northside Interceptor Tunnel Project (NSIT) to aid in preventing combined sewer overflows from entering the Cuyahoga River during typical storms. Project funding will come from the Ohio Environmental Protection Agency’s Water Pollution Control Loan Fund (WPCLF) and is expected to be included in Granite’s third-quarter CAP.

Granite (NYSEGVA) has been awarded Option X for the Polychrome Area Improvements Construction Manager/General Contractor (CM/GC) project by the Federal Highway Administration (FHWA) in Denali National Park in Alaska. This construction option is $51.5M, bringing the total value of awarded options to $67M since preconstruction began in January 2023. The overall contract is broken into three major options; Option W for long-lead materials procurements made as the design progressed, Option X for earthwork and staging, and Option Y for bridge construction. Detailed scope for the newly awarded Option X includes mobilization of equipment, setup of a remote worker camp in an existing National Parks Service material supply area, construction of contractor facilities and initial staging areas along the environmentally and culturally sensitive Denali Park Road, pioneering access to the site and across the landslide, performing earthwork and blasting of adjacent rock slopes, and rock bolting for slope stabilization.

Granite (NYSEGVA) has been awarded an approximately $48 million contract by the U.S. Army Corps of Engineers (USACE) to mitigate flood risk and damage in Wharton, Texas. Project funding will come from the USACE’s fiscal 2023 civil construction funds and is expected to be included in Granite’s second quarter CAP.

Granite (NYSEGVA) received multiple awards from the Associated General Contractors of Washington (AGCW) at this year’s Build Washington Awards. Each year, AGCW recognizes the top projects completed and submitted by members from across the state as well as the most effective safety programs and teams from the past year.

Granite (NYSEGVA) has been awarded a $48 million contract by the California Department of Transportation (Caltrans) to reconstruct a section of Highway 101: Montecito project in Santa Barbara County, California.

Granite (NYSEGVA) announced today its “Sustainable Practices | Materials” video has been named Best General Non-Broadcast in the 44th Annual Telly Awards. The Telly Awards honors excellence in video and television across all screens and is judged by leaders from video platforms, television, streaming networks, production companies and including Adobe, BBC World Service, Netflix, Dow Jones, Complex Networks, Jennifer Garner, A&E Networks, Hearst Media, Nickelodeon, National Geographic Society, ESPN Films, RYOT, Partizan and Vimeo.

Granite (NYSEGVA) has received approval from the Utah Department of Air Quality (UDAQ) to begin the public comment period as part of Granite’s Parleys I-80 South Quarry Small Mine Air Permit application. During this rigorous application process, the application undergoes a comprehensive 30-day comment period, allowing the public to provide valuable input.

Granite (NYSEGVA) has been awarded the preconstruction contract for Parks Highway MP 319-325, the estimated value for construction is $65 million. The project will be in collaboration with Alaska DOT & PF and its designer, Michael Baker International, to optimize the design, minimize right-of-way acquisition, improve constructability, and identify efficiency opportunities during this highway's reconstruction.

Granite (NYSEGVA) has been selected by the Nevada Department of Transportation (NDOT) to reconstruct a section of highway in Sparks, Nevada. The project, valued at approximately $58 million, is an extension of the company’s award-winning Pyramid and McCarran Intersection Improvement Project, completed in 2017. Funding will come from the Federal Highway Administration (FHWA) and was included in Granite’s first-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $173 million contract by the U.S. Army Corps of Engineers (USACE), Sacramento District, to construct various elements along the Sacramento River in California. Project funding will come from the Emergency Supplemental Appropriations in the Bipartisan Budget Act of 2018 and other sources and will be included in Granite’s second-quarter CAP.

On Tuesday, May 9, Granite (NYSEGVA) published its 2022 Sustainability Report, highlighting the company’s advancement on environmental, social, and governance (ESG) initiatives. “Sustainability is central to the purpose of our business as we seek to provide infrastructure solutions that support more prosperous and resilient communities,” says Granite President and Chief Executive Officer Kyle Larkin. “As we look ahead, I feel strongly that our long-term success requires a continued focus on our core value of sustainability. Our goal is to leverage our sustainability program to win work, gain a competitive advantage, and provide value to our clients, investors, employees, and communities.”

Granite’s (NYSEGVA) Alaska Region team was awarded the Governor's Safety Award of Excellence by the Alaska Safety Advisory Council for their exceptional safety performance in 2022. Granite's safety and environmental performance were closely evaluated over the last three years against other competing companies.

Granite (NYSEGVA) has been awarded an approximately $99 million contract by the Texas Department of Transportation (TxDOT) to reconstruct a section of roadway in Pearland, Texas. Project funding will come from the TxDOT Unified Transportation Program and be included in Granite’s second-quarter CAP.

Granite (NYSEGVA) has been awarded an approximately $34 million contract by the California Department of Transportation (Caltrans) to rehabilitate a 25-mile section of the median on Interstate 40 outside of Barstow, California. The project will be funded by Caltrans and the Federal Highway Administration (FHWA) and is expected to be included in Granite’s second quarter CAP.

Granite (NYSEGVA) announced today that it has completed the acquisition of Coast Mountain Resources (2020) Ltd., a construction aggregate producer based in British Columbia, Canada on Malahat First Nation land. Coast Mountain Resources operates the Bamberton Quarry on Vancouver Island, which is strategically located on the deep water of the Saanich Inlet. Granite has been a customer of the quarry due to its high-quality aggregate and strategic proximity to our home markets.

Granite (NYSEGVA) has been awarded an approximately $126 million contract by Naval Facilities Engineering Systems Command (NAVFAC) Pacific for the construction of buildings and infrastructure which will support the relocation of U.S. Marines to Marine Corps Base (MCB) Camp Blaz, Guam, USA. The project will be funded by NAVFAC Pacific and be included in Granite’s 2023 first-quarter CAP.

Granite (NYSEGVA) has been recognized with two Construction Risk Partners Build America Awards by the Associated General Contractors of America (AGC). The Build America Award honors AGC members who have completed the most impressive construction projects in the building, highway and transportation, utility infrastructure, and federal and heavy divisions.