WATSONVILLE, Calif. (AP) — WATSONVILLE, Calif. (AP) — Granite Construction Inc. (GVA) on Thursday reported profit of $52 million in its fourth quarter.
The Watsonville, California-based company said it had profit of $1.03 per share. Earnings, adjusted for one-time gains and costs, were $1.40 per share.
The contractor and construction materials producer posted revenue of $1.17 billion in the period.
For the year, the company reported profit of $193 million, or $3.86 per share. Revenue was reported as $4.42 billion.
Granite Construction expects full-year revenue in the range of $4.9 billion to $5.1 billion.
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