Q2 2026 Granite Construction Inc Earnings Call Transcript

Jul 30, 2026 / 03:00 PM GMT

Release Date Price: €98.5 (-4.37%)

Transcript 10-Q8-K

Key Points

Positve

Record capital project backlog of $7.4 billion, providing strong visibility into future revenue.
Revenue increased 29% year-over-year to $1.5 billion, driven by organic growth and acquisitions.
Adjusted EBITDA rose by $34 million to $186 million, reflecting improved profitability.
Data center backlog surged from $65 million to $223 million, signaling strong growth in mission-critical infrastructure.
Raised 2026 revenue guidance to $5.3-$5.5 billion and increased 2027 organic growth outlook to above 10%.

Negative

Severe weather in the Southeast disrupted production and sales, impacting material segment margins.
Material segment gross profit margin decreased 800 basis points due to weather and quarry development costs.
Non-operating charges of $363 million related to convertible notes settlement weighed on reported earnings.
Uncertainty around the Build America 250 Act and potential funding delays for highway reauthorization.
Oil price volatility from geopolitical tensions poses a risk to energy costs, though partially mitigated.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GVA.N - Granite Construction Inc
Q2 2026 Granite Construction Inc Earnings Call
Jul 30, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

My name is Chloe, and I will be your conference facilitator today.

At this time, I would like to welcome everyone to the Granite 202,062 quarter conference call.

This call is being recorded.

All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question-and-answer period.

To ask a question, please pressar, then 1.

Please note we will take one question and one follow-up question from each participant today.

It is now my pleasure to turn the floor over to your host, Granite Vice President of Investor Relations, Mike Barker.

Good morning and thank you for joining us.

I

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