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 September 30, 2023 OR Delaware 77-0239383 Address of principal executive offices: 585 W. Beach Street Watsonville, California 95076 (831) 724-1011 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registere ...

业绩总结 - 2023年第三季度总承诺和已获项目（CAP）为56亿美元，较上季度增加1.47亿美元，较去年同期增长37%[17] - 2023年第三季度建筑收入为9.46亿美元，同比增长，主要由加州和山区集团推动[38] - 2023年第三季度调整后的EBITDA为1.24亿美元，调整后的EBITDA利润率为11.1%[24] - 2023年第三季度净收入为7500万美元，净收入利润率为5.2%[46] - 2023年第三季度的稀释每股净收入为1.13美元，较2022年同期的1.36美元下降16.9%[48] - 2023年第三季度的调整后净收入为75,227千美元，较2022年同期的57,177千美元增长31.6%[48] 用户数据 - 2023年第三季度的稀释加权平均普通股股数为53,612千股，较2022年同期的51,863千股增长3.4%[48] 未来展望 - 预计2024年收入将在36亿至39亿美元之间，调整后的EBITDA利润率在9%至11%之间[24] - 预计2024年将实现进一步的材料价格上涨，推动成本效率和利润扩张[23] 新产品和新技术研发 - 2023年第三季度材料收入为1.71亿美元，受销售价格上涨和稳定的油气成本推动，同比增长[24] 市场扩张和并购 - 加州交通预算同比增长5%，尽管整体州预算出现赤字[9] 负面信息 - 2023年第三季度的净收入为57,624千美元，较2022年同期的69,302千美元下降16.9%[48] - 2023年第三季度的其他成本净额为19,843千美元，较2022年同期的(490)千美元显著增加[48] - 2023年第三季度的调整后所得税费用为24,755千美元，较2022年同期的11,937千美元增长74.5%[48] - 2023年第三季度的交易成本为92千美元，较2022年同期的8,012千美元显著下降[48]

财务数据和关键指标变化 - 第三季度收入同比增长11%至11亿美元,毛利同比增加52%至1.67亿美元,毛利率为15% [5] - 建筑分部收入同比增长12%至9.46亿美元,毛利同比增加44%至1.37亿美元,毛利率为14.5% [5] - 材料分部收入同比增长6%至1.71亿美元,毛利同比增加7%至2900万美元,毛利率为17% [5] - 第三季度调整后每股收益为1.69美元,调整后EBITDA利润率为11% [5] - 第三季度经营活动产生的现金流量为1.53亿美元,较上季度大幅改善 [5][6] 各条业务线数据和关键指标变化 - 建筑分部在手订单(CAP)同比增长37%至56亿美元,创历史新高 [3][4] - 加利福尼亚区CAP同比增长51%至24亿美元,创历史新高 [3] - 山区CAP同比增长43%至14亿美元,创历史新高 [3] - 中部区CAP同比增长18%至18亿美元,创历史新高 [3][4] - 材料分部销量和订单在第三季度和第四季度保持强劲 [4] 各个市场数据和关键指标变化 - 加利福尼亚州公共支出强劲,预计2024年将继续保持高位 [3] - 犹他州、阿拉斯加州和内华达州市场表现强劲,预计2024年将继续增长 [3] - 德克萨斯州和休斯顿市场表现良好,公司在当地的家庭市场策略取得成效 [11][12] - 佛罗里达州市场有所下滑,但被德克萨斯州、亚利桑那州和伊利诺伊州等地区的增长所抵消 [5] - 住宅市场有所放缓,但公司的材料业务受影响较小 [19] 公司战略和发展方向及行业竞争 - 公司正在向更加可预测和盈利的业务模式转型,目标是2024年实现9%-11%的调整后EBITDA利润率 [3][4][24] - 公司正在加大对材料业务的投资,包括新建自动化骨料厂和沥青码头等,预计将带来成本效率和利润率提升 [4][24] - 公司计划在2024年及以后进一步扩张到新的地理区域,寻求大型一体化业务机会 [26] - 基础设施投资法案(IIJA)为公司带来大量公共项目机会,公司已做好充分准备 [3][4] 管理层对经营环境和未来前景的评论 - 公司认为公共支出强劲,预计2024年将继续保持增长势头 [19] - 公司对材料业务的定价能力和成本控制能力保持乐观,预计2024年毛利率将达到15%-17% [4][24] - 公司对I-64高架桥项目的完工充满信心,预计将在2023年底前完工 [5][25] - 公司对2024年的财务目标保持信心,认为有足够的在手订单和市场机会实现目标 [6] 问答环节重要的提问和回答 问题1 **Brian Biros 提问** 询问中部区在手订单的具体构成和毛利率情况 [11][12] **Kyle Larkin 回答** 中部区主要集中在德克萨斯州和休斯顿市场,专注于中等规模的DOT项目,毛利率与公司整体水平一致 [11][12] 问题2 **Brent Thielman 提问** 询问公司在手订单的毛利率水平较过去有何变化 [17][18] **Kyle Larkin 回答** 公司在手订单的毛利率较2年前提升了1.5%-2%,体现了市场环境改善和公司选择更优质项目的成果 [17][18] 问题3 **Brian Russo 提问** 询问公司2024年的EBITDA目标是否属于正常水平,是否还有进一步提升空间 [23][24] **Kyle Larkin 回答** 公司2024年EBITDA目标9%-11%属于正常水平,未来还有进一步提升空间,主要来自于新项目毛利率提升、材料业务定价能力提升以及自动化投资带来的成本效率 [23][24]

• Materials revenue and gross profit increased YOY driven by higher asphalt and aggregates sales and improved aggregate sales volume • Record CAP of $5.4 billion, up $1.2 billion YOY and $334 million sequentially • Strong public market environment • Strong balance sheet and liquidity position • 2023 guidance revised with revenue between $3.35 billion and $3.45 billion and adjusted EBITDA margin between 7.5% and 8.5% CAP $5,438 MSee appendix for a presentation of the most directly comparable GAAP measure and ...

UNITED STATES Table of Contents SECURITIES AND EXCHANGE COMMISSION 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 Washington, D.C. 20549 FORM 10-Q GRANITE CONSTRUCTION INCORPORATED x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 77-0239383 State of Incorporation: I.R.S. Employer Identification Number: For the quarterly period ...

Thanks. Yes. Thank you. Thank you. Our next question comes from Jerry Revich with Goldman Sachs. Please go ahead. Hi. This is Adam on for Jerry today. Thanks for taking my question. I was wondering if you could just data is a little more on the I-64 project. What's your level of confidence this can be complete by the end of the year? And any visibility on if the challenge is there around delays and other issues are behind us? Yes. Well, right now, we're looking at the project is scheduled to be complete in ...

Granite Construction Incorporated (NYSE:GVA) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Mike Barker – Vice President-Investor Relations Kyle Larkin – President and Chief Executive Officer Operator Mike Barker Actual results could differ materially from statements made today. Please refer to GraniteÂ's most recent 10-K and 10-Q filings for a more complete description of risk factors that could affect these forward-looking statements. The company assumes no obligation to update forward-looking s ...

Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ☐ 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 Number: Delaware 77-0 ...

© 2023 Granite Construction. All Rights Reserved. Safe Harbor Any statements contained in this presentation that are not based on historical facts, including statements regarding future events, occurrences, circumstances, opportunities, targets, activities, performance, growth, demand, strategic goals, shareholder value, outcomes, outlook, guidance, including revenue and adjusted EBITDA margin, materials volumes expected to recover, strategic plan will drive consistent profitability and sustainable growth, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ 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) (State or other jurisdiction of incorpo ...