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Heavy Construction
Granite Construction (GV) is a publicly-traded company based in the United States that specializes in heavy civil construction and construction materials. The company's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "GV."
As of February 2023, Granite Construction has a market capitalization of around $1.5 billion, making it a mid-sized company in the construction industry.
Granite Construction's earnings for the most recent quarter (Q4 2022) were $307.2 million, up from $238.9 million in the same quarter of the previous year. This represents a year-over-year increase of approximately 28.5%.
The company's revenue for the full year 2022 was $3.4 billion, down slightly from $3.5 billion in 2021. However, Granite Construction's gross profit for 2022 increased to $710.8 million, up from $676.4 million in 2021.
Granite Construction's earnings per share (EPS) for the most recent quarter were $1.63, up from $1.05 in the same quarter of the previous year. For the full year 2022, the company's EPS was $4.35, up from $3.72 in 2021.
Regarding growth, Granite Construction has seen steady growth in recent years, with revenue and earnings increasing over the past five years. However, the company's revenue and earnings were slightly down in 2022 compared to 2021. Nevertheless, Granite Construction's strong gross profit and EPS in 2022 suggest that the company remains financially healthy and profitable.
Granite Construction's focus on heavy civil construction and construction materials positions it well for long-term growth, as infrastructure needs in the United States and around the world continue to increase. The company's expertise in areas such as transportation, water infrastructure, and mineral exploration and mining provide it with a diverse range of opportunities for growth and expansion.
It is worth noting that investing in stocks always carries risks, and investors should carefully consider a company's financial health, market position, and overall industry trends before making investment decisions. It is always a good idea to consult with a financial advisor or investment professional before making any investment decisions.