A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap ...

Granite Construction Incorporated (GVA) is all set to rehabilitate pavement along Highway 162 in Mendocino County with a $36 million contract received from the California Department of Transportation (Caltrans). Per the deal, Granite will furnish and place 150,000 tons of conventional and rubberized hot mix asphalt to rebuild the structural section of the roadway. This will improve 25 miles of roadway that connect to the Covelo- Round Valley area. The rubberized surface course will use recycled tires and pr ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

财务数据和关键指标变化 - 2024年第一季度收入同比增长20%,达到$712百万 [29] - 毛利润同比增长68%,达到$54百万 [29] - 经调整净亏损同比改善$5百万 [29] - 经调整EBITDA同比改善$18百万 [29] - 经营活动现金流同比改善$101百万,达到$24百万 [29][34] 各条业务线数据和关键指标变化 建筑分部 - 收入同比增长18%,达到$595百万,主要来自加州、犹他州和中西部地区 [30] - 毛利率为9.5%,同比改善主要由于负面净修订和估计减少 [30][31] 材料分部 - 收入同比增长35%,达到$77百万,主要由于收购业务以及销售价格和销量增加 [32][33] - 毛利润同比增加$2百万,但仍为$3百万的毛损,主要由于收购业务的损失 [32][33] 各个市场数据和关键指标变化 - 公共和私营市场需求持续强劲,加州和各地区市场表现良好 [41][42] - 已中标合同金额(CAP)保持在$5.5十亿,较2023年同期大幅增加 [41][42] 公司战略和发展方向及行业竞争 - 公司重组运营结构,将建筑和材料业务分开管理,以更好地发挥各自的专业优势 [11][12][13][14][15][16][17] - 计划在2024年进一步通过收购扩大材料业务,包括在新地区的拓展 [27][37] - 持续加大在自动化、新厂建设等方面的投资,以提高材料业务的效率和盈利能力 [26] 管理层对经营环境和未来前景的评论 - 2024年第一季度开局良好,收入、利润和现金流均大幅改善,为全年目标奠定了良好基础 [41][42][43][44] - 公共和私营市场需求持续强劲,为公司未来增长提供支撑 [41][42] - 公司有信心完成2024年的业绩目标,并在2025年继续实现有机增长 [24][41][42][43] 问答环节重要的提问和回答 问题1 **Brent Thielman 提问** 询问新旧项目组合的表现差异 [50][51] **Kyle Larkin 回答** 新项目组合表现良好,不再受到历史项目的拖累,收入和利润均有大幅改善 [51][52] 问题2 **Brent Thielman 提问** 询问材料业务近期投资的影响 [52] **Kyle Larkin 回答** 材料业务的自动化、新厂建设等投资正在逐步发挥作用,未来将带来更多的效率和盈利提升 [53][54][55] 问题3 **Unidentified Analyst 提问** 询问材料业务的价格和销量情况 [59] **Kyle Larkin 回答** 骨料价格上涨10%,沥青价格上涨5%,销量保持相对稳定 [60][61]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 1-12911 GRANITE CONSTRUCTION INCORPORATED State of Incorporation: I.R.S. Employer Identification Num ...

Exhibit 99.1 Granite Reports First Quarter 2024 Results • Q1 revenue increased 20% year-over-year to $672 million • Q1 diluted EPS of $(0.70) and adjusted diluted EPS (1) of $(0.21) • Q1 operating cash flow increased $101 million year-over-year to $24 million • Reorganized operations to align leadership with reportable segments WATSONVILLE, Calif. - Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter ended March 31, 2024. First Quarter 2024 Results Net loss attributable to ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-12911 Granite Construction Incorporated (Exact name of registrant as specified in its charter) Delaware 77-0239383 ( ...

财务数据和关键指标变化 - 2023年全年调整后净收益达1.4亿美元,调整后每股收益3.14美元,创历史新高 [3][4] - 2023年全年调整后EBITDA利润率达7.7%,较2022年提升 [3][4] - 2023年第四季度调整后净收益3600万美元,调整后每股收益0.82美元 [3][4] - 2023年全年营收增长6%至20.8亿美元,第四季度和下半年营收分别增长18%和14% [3][4] 各条业务线数据和关键指标变化 - 建筑分部2023年全年营收增长7%至30亿美元,第四季度增长19% [3][4] - 建筑分部2023年全年毛利率为11%,剔除特殊项目影响后为13% [3][4] - 材料分部2023年全年营收增长4%至5.17亿美元,第四季度毛利率为16% [3][4] 各个市场数据和关键指标变化 - 加利福尼亚市场2023年第四季度营收增长61%,全年CAP增长39% [3] - 山区市场2023年第四季度营收增长12%,全年CAP增长30% [3] - 中部市场2023年第四季度CAP下降,但全年CAP增长3% [3] 公司战略和发展方向及行业竞争 - 公司实施"支持和加强"及"扩张和转型"两大战略支柱,通过收购、自动化等方式加强在主要市场的地位 [3] - 公司收购Lehman-Roberts和Memphis Stone & Gravel,进军东南部市场,实现垂直整合 [3][4] - 公司看好基础设施投资法案带来的长期市场机遇,认为加州交通基础设施投资将持续增长 [3] 管理层对经营环境和未来前景的评论 - 管理层认为公司已完成业务转型,具备实现2024年15%-17%毛利率目标的能力 [4] - 管理层预计2024年公司营收将增长至38-40亿美元,调整后EBITDA利润率将达9%-11% [4] - 管理层表示公司将继续投资主要市场,同时寻求通过收购等方式进行业务拓展和转型 [3] 问答环节重要的提问和回答 问题1 **分析师提问** 询问材料分部的有机增长情况,包括价格和销量的贡献 [17][18] **管理层回答** - 2024年骨料销量预计与2023年持平,价格预计上涨约10% - 沥青销量预计将有所增长,主要来自加州市场,价格预计上涨约5% [17][18] 问题2 **分析师提问** 询问公司在加州市场的情况,尤其是近期极端天气对业务的影响 [13][14] **管理层回答** - 2024年1月天气较好,公司业务恢复良好,较去年同期有明显改善 - 材料业务将受益于天气好转,有望弥补去年第一季度的损失 [13][14] 问题3 **分析师提问** 询问公司大型项目的执行情况,以及如何实现2024年的利润率目标 [29][30] **管理层回答** - 公司现有项目组合质量较过去有大幅提升,采用更有利的合同方式,有利于提升利润率 - 2024年新获取的项目利润率将逐步体现,预计可实现14%-16%的目标毛利率 [29][30]

Exhibit 99.1 Granite Reports Fourth Quarter and FY 2023 Results WATSONVILLE, Calif. - Granite Construction Incorporated (NYSE: GVA) today announced results for the quarter and year ended December 31, 2023. "Across the Company, our teams had an outstanding fourth quarter," said Kyle Larkin, Granite President and Chief Executive Officer. "The quarter's strong results, however, were tempered by impacts from the legacy Tappan Zee and I-64 projects. Looking back on 2023, it was a transformative year for Granite ...