Granite Reports Third Quarter 2026 Results and Introduces 2029 Targets

Impact · against what's priced in

GVA faces a sharp quarterly decline in net income due to a $162 million non-operating settlement charge. While the normalized income remains strong, the absolute EPS drop creates immediate negative pressure on the stock.

GVA−0.50

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In context

Net income fell from $103 million ($1.98 per share) in the prior year to $3 million ($0.07 per share), driven primarily by a $162 million non-operating charge related to settling a conversion.

Read from the article alone

• earnings▲13%
• GVA
• net income
• non operating charges
• quarterly results

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