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Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
Granite Construction
Granite Construction (GVA) investor relations material
Granite Construction Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary30 Apr, 2026
Executive summary
Q1 2026 revenue rose 30% year-over-year to $912–$912.5 million, driven by strong organic growth, acquisitions, and robust public sector demand.
Adjusted net income improved to $12 million, while net loss attributable to shareholders widened to $41.7–$42 million due to higher SG&A and financing costs.
Adjusted EBITDA more than doubled year-over-year to $58 million, with margin expansion and improved execution.
Committed and Awarded Projects (CAP) reached a record $7.2 billion, up $200 million sequentially and $1.4 billion year-over-year, supported by federal, state, local, and private markets.
Integration and acquisition activity continued, including Kenny Seng Construction, Warren Paving, Papich Construction, and Cinderlite, with further M&A expected.
Financial highlights
Revenue increased 30% year-over-year to $912–$912.5 million; Construction segment revenue up 24.6–25% to $766–$766.1 million; Materials segment revenue up 61–72.4% to $146–$146.4 million.
Gross profit rose to $109.9–$110 million; Construction gross profit $102–$102.2 million, Materials gross profit $7.7 million.
Adjusted net income was $12 million; adjusted diluted EPS increased to $0.26 from $0.01 year-over-year.
Adjusted EBITDA was $58 million, up $30 million year-over-year; margin improved to 6.3% from 4.0%.
Net cash used in operating activities was $30.9–$31 million; cash and cash equivalents at quarter-end were $265.7–$266 million.
Outlook and guidance
2026 revenue guidance raised to $5.2–$5.4 billion (previously $4.9–$5.1 billion), with adjusted EBITDA margin guidance increased to 12.25–13.25%.
SG&A as a percentage of revenue guidance lowered to 8.25–8.75%.
Capital expenditures guidance unchanged at $140–$160 million, including $50 million for strategic materials investments.
Several acquisitions anticipated annually to support growth and vertical integration.
Management expects continued strong demand from public infrastructure funding and robust CAP supported by federal and state programs.
Explain Construction gross margin YoY decline
Quantify Materials revenue from recent M&A
Border Protection project impact on 2026-27 CAP
Kenny Seng acquisition end market diversification
Tactical infrastructure project risk mitigation
Mission-critical data center growth strategy
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Latest events from Granite Construction
- Q1 2026 revenue up 30% YOY, with record $7.2B CAP and improved margins across segments.GVA
Investor presentation30 Apr 2026 - Virtual meeting to elect directors, approve pay, ratify auditor, and highlight ESG and governance.GVAProxy filing23 Apr 2026
- Virtual annual meeting to vote on directors, executive pay, and auditor ratification.GVAProxy filing23 Apr 2026
- Record CAP, double-digit growth, and margin expansion support a strong 2026 outlook.GVAQ4 202512 Apr 2026
- 2025 revenue rose 10% to $4.4B, with record CAP and strong margin gains driving future growth.GVAInvestor presentation12 Feb 2026
- Q3 revenue up 14% to $1.3B, record CAP, and margin gains drive strong outlook.GVAQ3 20245 Feb 2026
- Q2 revenue up 20%, adjusted EPS $1.73, and CAP at $5.6B with new Southeast acquisition.GVAQ2 20243 Feb 2026
- Q2 2024 delivered double-digit revenue growth and margin gains, supported by strong funding and acquisitions.GVAInvestor presentation29 Jan 2026
- Q3 2024 saw 14% revenue growth, margin expansion, and a $5.6B project pipeline.GVAInvestor presentation29 Jan 2026
Next Granite Construction earnings date
Q2 20266 Aug, 2026
Granite Construction
Next Granite Construction earnings date
Q2 20266 Aug, 2026
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Leroy DaleyApp Store
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Eferix Drawings Google Play
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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