Company Research Report: Granite Construction Inc.
Company Overview
Name
Granite Construction Inc.
Mission of the Company
Granite is dedicated to "Building a Better Future," focusing on integrity, cultivating people, engineering new opportunities, and expanding business.
Founded
Incorporated in 1922, initially founded by John T. Porter, his son Warren, and A. R. Wilson.
Key People
- Kyle Larkin - President and CEO
- Staci Woolsey - EVP, Chief Financial Officer
- Jim Radich - EVP, Chief Operating Officer
- Craig Hall - SVP, General Counsel, Corporate Compliance Officer, and Secretary
- Tim Gruber - SVP, Human Resources
- Brian Dowd - SVP, Construction
- Brad Estes - SVP, Construction Materials
- Mike Tatusko - SVP, Construction
- Dave Hulverson - SVP, Safety, Health, Environment, & Quality
- Erin Kuhlman - SVP, Chief Marketing & Communications Officer
- Andrew Brock - SVP, Strategy and Development
Headquarters
Watsonville, California, USA
Number of Employees
No specific information available.
Revenue
No specific information available.
Notable Achievements
Granite is renowned as a leading diversified construction and construction materials company and a full-suite civil construction provider. It is widely recognized for its safety standards and sustainability.
Products
Overview
Granite provides a range of infrastructure solutions and construction materials. The company operates in various sectors like transportation, water infrastructure, and mineral exploration.
Key Product Types
- Construction Materials: Aggregates, Asphalt Concrete, Recycled Materials.
- Infrastructure Projects: Highways, Rail, Bridges, Dams, and Solar Projects.
- Specialized Services: Tunnels, Power, Mining, Oil and Gas, Renewable Energy.
Key Features
- Highways and Bridges: Known for high engineering standards and complex construction.
- Water Infrastructure: Dams, flood controls, reservoirs, and wastewater treatment solutions.
- Recycling Initiatives: Noteworthy use of recycled materials like reclaimed asphalt pavement (RAP) and warm-mix asphalt (WMA).
Recent Developments
New Acquisitions
- Acquisition of Dickerson & Bowen, a move aimed at expanding operations in central and southern Mississippi.
- Acquisition of the Perkins Quarry and American Sand & Gravel, aiding in expanding territory and maintaining materials supply.
Recent Projects and Developments
- Announced Phase 1 of the $425 Million Mosaic Quarter Development in Tucson, Arizona.
- Launched a major infrastructure project for the SR 58/SR 99 interchange in Bakersfield, California.
- Announced a $42 Million P-928 Relay Ground Station Project in Guam.
- Prioritized in the Highways market, securing the top spot in consecutive years.
Partnerships
No specific new partnerships were announced. However, active in evaluating M&A opportunities in existing and new geographical markets as part of a broader expansion strategy.
Conclusion
Granite Construction Inc. sticks to its foundational values, aligning with market leadership and ethical values to offer comprehensive construction and materials services across the Americas. Their recent activities show efforts in expanding market presence and integrating modern, sustainable practices within their operations. As they move past their centennial year, Granite appears set on a growth trajectory through strategic acquisitions and investments in infrastructure projects.
