Granite Reports Third Quarter 2026 Results and Introduces 2029 Targets
Key Highlights
- ➤Q3 revenue $1.77 billion, up 23% year-over-year
- ➤Q3 adjusted diluted EPS $3.81, up from $2.70
- ➤2029 targets include 10%-12% organic revenue CAGR and 14%-16% adjusted EBITDA margin
- ➤CAP reached record $7.5 billion, up $37 million sequentially
- ➤2026 revenue guidance raised at the low end to $5.4-$5.5 billion
Expert Statements
Kyle Larkin, President and Chief Executive Officer of Granite
“We delivered excellent third quarter results, reflecting strong execution across our business and continued progress on our strategy”
Kyle Larkin, President and Chief Executive Officer of Granite
“Our teams are executing at a high level, and the investments we have made to strengthen and expand our business are creating new opportunities for Granite.”
Kyle Larkin, President and Chief Executive Officer of Granite
“We continue to see attractive opportunities in our core transportation markets while expanding our capabilities and presence in federal, mission critical infrastructure, rail and other targeted end markets.”
Kyle Larkin, President and Chief Executive Officer of Granite
“Our record CAP and strong market outlook position us well as we enter 2027.”
Kyle Larkin, President and Chief Executive Officer of Granite
“We believe Granite has the people, capabilities and market position to capitalize on these opportunities and deliver profitable growth and long-term shareholder value.”
Staci Woolsey, Executive Vice President and Chief Financial Officer of Granite
“Our strong performance through the first nine months of 2026 reinforces our confidence in both our full-year outlook and the longer-term financial targets we are announcing today.”
Staci Woolsey, Executive Vice President and Chief Financial Officer of Granite
“At the midpoint of our updated 2026 revenue guidance, we expect approximately 15% organic revenue growth, with an additional 9% contribution from acquired companies.”
Staci Woolsey, Executive Vice President and Chief Financial Officer of Granite
“This organic growth is consistent with the 10% to 12% CAGR reflected in our 2029 financial targets and demonstrates the progress we are already making toward our long-term objectives.”
Staci Woolsey, Executive Vice President and Chief Financial Officer of Granite
“Our strong cash flow generation provides us with the financial flexibility to continue investing in organic growth while pursuing strategic opportunities through disciplined capital allocation.”
Granite Reports Third Quarter 2026 Results and Introduces 2029 Targets
* Introducing 2029 financial targets reflecting an expected organic revenue CAGR of 10% to 12%
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