Granite Construction is a large, U.S. contractor and materials producer that handles general contracting, construction management, and production of construction materials for infrastructure projects. Its projects are delivered by coordinating design, planning, execution, and quality control through a network of brands such as Garco Testing Laboratories, Granite Construction Supply & Sign Shop, Granite Industrial, Granite Power, Intermountain Slurry Seal, and Layne, A Granite Company. The company differentiates itself through its scale, vertical integration across testing, supply, specialty services, and a long history focused on hard work and honesty. Its goal is to move goods and people efficiently and improve how people live, work, and play by delivering reliable, high-value infrastructure and building partnerships that help create a better world.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Watsonville, California
Founded
1922
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Granite-Super JV lands $324.8M Big Creek Tunnel contract in Cleveland. Published on Oct 1, 2026 Discover more Hire Contractors construction The Granite-Super Joint Venture has won a $324.8 million contract from the Northeast Ohio Regional Sewer District (NEORSD) to construct the Big Creek Tunnel in Cleveland, Ohio. The project is the seventh and final large-diameter storage tunnel under NEORSD's $3 billion Project Clean Lake program, which aims to reduce combined sewer overflows and improve water quality across Northeast Ohio. Construction is scheduled to begin in fall 2026 and is expected to be completed in winter 2030. 22,300-foot tunnel anchors the project. The main component of the project is a 22,300-linear-foot tunnel with a diameter of 20 feet. Discover more Browse Magazines Hire PM Experts The contract also includes approximately 3,115 linear feet of ancillary tunnels, including adits, an overflow tunnel, a connecting tunnel and a dewatering tunnel. Other major components include shafts, diversion structures, gate and screening structures, gate-control vaults, consolidation sewers and an overflow box culvert. The work also includes associated utilities, sitework and restoration. The tunnel system will provide additional underground storage for combined sewer flows during wet-weather events, reducing the amount of combined sewer overflow reaching local waterways. NEORSD estimates that the completed project will eliminate approximately 550 million gallons of combined sewer releases annually. Final major tunnel in Project Clean Lake. The Big Creek Tunnel is the seventh and final large-diameter storage tunnel being constructed under Project Clean Lake. Discover more NEORSD launched the 24-year program in 2011 to address combined sewer overflows and improve water quality. The program combines large underground storage tunnels with wastewater treatment improvements and green infrastructure. The broader program represents approximately $3 billion in planned investment. NEORSD has reported that Project Clean Lake has already eliminated about 2 billion gallons of annual combined sewer overflow. The Big Creek project will extend the program's underground storage network into the Big Creek watershed. In addition to reducing sewer discharges, the project is expected to help reduce wet-weather flooding. Contract follows 2026 procurement. The tunnel contract follows NEORSD's 2026 procurement process for the project, identified as EB-2511. The district issued its invitation for bids in April 2026. Procurement documents put the engineer's estimate for the work at approximately $300 million. Wade Trim designed the project. The $324.8 million contract is about 8% above the engineer's $300 million estimate. Construction will begin in fall 2026 and finish in winter 2030. Big Creek Tunnel project factsheet. * Project: Big Creek Tunnel * Location: Cleveland, Ohio * Owner: Northeast Ohio Regional Sewer District * Contract value: $324.8 million * Contractor: Granite-Super Joint Venture * Joint venture partner: Super Excavators * Designer: Wade Trim * Main tunnel: 22,300 linear feet * Tunnel diameter: 20 feet * Ancillary tunnels: 3,115 linear feet * Program: Project Clean Lake * Program investment: Approximately $3 billion * Program duration: 24 years * Annual combined sewer releases targeted: Approximately 550 million gallons * Construction start: Fall 2026 * Expected completion: Winter 2030
Large U.S. Contractors report increase in second-quarter earnings. After a mixed bag in their Q1 2026 earnings, major publicly traded U.S. contractors - Granite Construction, Fluor, Skanska and Tutor Perini - are showing improved revenue and income for their second quarters. It is re-posted with permission Fluor. Revenue for Fluor's Urban Solutions division, which encompasses its engineering, procurement and construction services, rose 9% in the second quarter to $6.1 billion. Its profit increased 31% year-over-year from $29 million to $38 million. New awards for the Urban Solutions segment were up 270% to $3.2 billion in the second quarter, and new awards among all Fluor's business segments were up 245% to $6.1 billion. Comprehensive revenue among all Fluor's business segments was up 8.8% to $4.3 billion, and total segment gross profit was up 118% to $170 million. However, net earnings for the quarter came in at $123 million compared to a net earnings of $2.4 billion in last year's second quarter. Fluor again did not release a 2026 revenue or profit forecast, but the company did lower its earnings before interest, taxes, depreciation and amortization forecast from $525 million - $560 million to $500 million - $525 million. Granite Construction. In its second quarter of 2026, Granite Construction reported revenue rose 33% year-over-year to $1.5 billion, and gross profit was up 20.1% in the same period to $239 million. Granite reported a net income loss of $278 million in the second quarter, up from a net loss of $72 million in the second quarter of 2025. For its construction segment, Granite saw a 28.8% increase in second-quarter revenue to $1.2 billion, while gross income in the segment was up 29.3% to $199 million. Granite's materials business also generated an increase in revenue, though it saw a decline in gross profit. In the second quarter, revenue rose 31.7 % to $248 million, while gross profit came in at $40 million compared to gross profit of $45.4 million one year ago. For its 2026 fiscal year, Granite Construction raised its full year revenue from $5.2 billion - $5.4 billion to $5.3 billion - $5.5 billion. Skanska. Construction revenue in Skanska's second quarter was down less than 1% year-over-year to $4.5 billion, while operating income in Skanska's construction segment rose to $190 million, up 9.5%. Construction order bookings came in at $7.1 billion in the second quarter, up 23% year-over-year when adjusted for currency effects. Total revenue in Skanska's second quarter was up less than 1% year-over-year to $4.6 billion, while total operating income was up 16.8% to $220 million. For its 2026 fiscal year, Skanska expects its civil construction segment to remain robust across all markets, supported by "demand for traditional infrastructure, public utilities and defense investments." Tutor Perini. In its second quarter 2026, Tutor Perini reported $1.6 billion in total revenue, a 19% year-over-year increase. Second-quarter revenue in Tutor Perini's civil segment rose 12.3% to $881 million, while Specialty Contractors revenue was up 47.3% to $261.3 million. In the Building segment, seoncd-quarter revenue rose 24.9% to $606.8 million. Construction operations income for the second quarter came in at $117.7 million, up 54% year-over-year from $76.4 million in last year's second quarter. Net income attributable to Tutor Perini for the second quarter was up 228.5% to $65.7 million from $20 million. All currency conversions as of September 1, 2026.
Granite Construction begins work on Disneyland parking structure and transportation hub. August 31, 2026 California Construction News staff writer Granite Construction has begun work on a new parking structure and transportation hub at Disneyland Resort as part of a project designed to improve traffic flow and the arrival experience for visitors. Granite is partnering with Walt Disney Imagineering on the project, which will be built on the east side of the resort on a portion of the former Manchester cast member parking lot. The new facility will provide approximately 6,000 parking spaces, along with dedicated areas for shuttles and rideshare vehicles, security screening and direct access for traffic from Disney Way. The project also includes a pedestrian bridge over Harbor Boulevard that will connect to a new esplanade and arrival area. The bridge will provide public access between Harbor Boulevard and the resort. Disneyland Resort said the parking and transportation improvements are intended to improve access and traffic movement around the resort while providing infrastructure for future growth. A groundbreaking ceremony was held Aug. 24, attended by Disneyland Resort President Jill Estorino, Walt Disney Imagineering Executive Architect Jonathan Peters, Anaheim Mayor Ashleigh Aitken, members of Anaheim City Council and representatives from McCarthy Building Companies, Granite Construction and the Los Angeles/Orange Counties Building and Construction Trades Council. "This project will enhance accessibility and improve the arrival experience for millions of guests while showcasing Granite's expertise in bridge, roadway, and transportation infrastructure," the Granite officials said following the event. The new parking and transportation hub is expected to form part of the infrastructure supporting the resort's next phase of development and future additions to Disneyland Resort.
Granite awarded Burke-Gilman Trail project in Seattle. Granite (NYSE:GVA) announced today that it has been awarded a progressive design build (PDB) contract by the University of Washington (UW) for the Burke-Gilman Trail Transit Access, Safety Efficiency Improvements Project. The total construction value is approximately $12.3 million. The project was included in Granite's second quarter 2026 CAP. The Burke-Gilman Trail is a popular recreational trail stretching roughly 20 miles through Seattle. The project will widen sections of the trail footprint on the UW campus for 1 mile from Rainier Vista to NE 47th Street to improve safety and accommodate the increasing volume of users. Key upgrades include new paving, enhanced lighting, and improved sight lines to support clearer separation of travel modes in high-use areas. Renovation will improve ADA accessibility and connectivity, enhance drainage systems, and reduce long-term maintenance needs. "Our teams bring extensive experience in collaborative delivery methods like progressive design build," said Mike Stein, Granite Regional Vice President. "We look forward to collaborating with UW on safety, accessibility, and improving the overall experience of thousands of trail users." The project began in June 2026 and is currently in the design phase. Construction is anticipated to begin in Spring 2027 and conclude in the first quarter of 2029. About Granite Granite is America's Infrastructure Company. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite's Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram. The Granite Construction Stock at the time of publication of the news with a raise of +1,91 % to 106,5 USD on Lang & Schwarz stock exchange (26. August 2026, 22:34 Uhr). Business Wire (engl.) Autor folgen Verfasst von Letzte Änderung26.08.2026, 22:30 Im Artikel enthaltene Werte
UDOT completes I-15 interchange reconstruction in Weber County after 3 years. Posted: Aug 17, 2026 / 07:30 PM MDT Updated: Aug 17, 2026 / 07:30 PM MDT ROY, Utah (ABC4) - After three years, UDOT has completed its reconstruction of the I-15 interchange at 5600 South/State Route 97 in Weber County. UDOT completely reconstructed the interchange, replacing it with a new single-point urban interchange, which brings traffic from the I-15 ramps and 5600 South together at a single traffic light. Construction on the interchange began in the summer of 2023. UDOT said that it will help traffic move more efficiently and improve access between Roy, Riverdale, and Hill Air Force Base. More than 100,000 vehicles travel on I-15 and 5600 South each day, so this project was intended to address current traffic needs while also preparing for continued growth in northern Utah. Brady Roberts, UDOT Region 1 Project Manager, said the new interchange will increase efficiency and will be safer. "It's going to improve businesses as well, as far as getting people to and from business in the local area, but really it just comes down to the traveling public and keeping things safe," he said. In addition to the new interchange, the project also widened 5600 South between I-15 and 3500 West. It also added more options for walking and biking along the road, introducing new sidewalks, bike lanes, and a multi-use trail. There's also a new pedestrian bridge carrying the D&RGW Rail Trail over 5600 South near Roy Elementary and Roy Junior High Schools. The bridge gives pedestrians, cyclists, and students a separated crossing over the busy road. UDOT will be celebrating the project's completion at Roy Elementary's Back-to-School Night on Thursday, Aug. 20. Community members are invited, and there will be free ice cream. The project was constructed by a joint venture between W.W. Clyde and Granite Construction.