Granite Construction, Inc.

Granite Construction, Inc.

Granite Construction, Inc.

Overview
Date Founded

1922

Headquarters

585 West Beach Street, Watsonville, CA, 95076, USA

Type of Company

Public

Employees (Worldwide)

5,700

Industries

Engineering, Construction & Architecture

Company Description

Granite Construction, Inc. is a holding company, which engages in the provision of infrastructure solutions for public and private clients. It operates through the following segments: Transportation, Water, Specialty and Materials. The Transportation segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports and marine ports. The Water segment involves in water-related construction and water management solutions for municipal agencies, commercial water suppliers, industrial facilities and energy companies. It also provides trenchless cured-in-place pipe rehabilitation. The Specialty segment includes construction of various complex projects including infrastructure / site development, mining, public safety, tunnel and power projects. The Materials segment offers production of aggregates, asphalt and construction related materials as well as proprietary sanitary and storm water rehabilitation products including cured-in-place pipe felt and fiberglass-based lining tubes both for internal use and for sale to third parties. The company was founded in 1922 and is headquartered in Watsonville, CA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Senior Vice President, Chief Financial & Accounting Officer

Senior Vice President & Group Manager

Senior Vice President, Operations Services Manager

Senior Vice President, Group Manager

Senior Vice President & Group Manager

Senior Vice President of Business Development

Senior Vice President of Human Resources

Senior Vice President & Group Manager-Large Projects

Senior Vice President & Group Manager

Board of Directors

Professional at Qlik Technologies, Inc.

President & Chief Executive Officer at Granite Construction, Inc.

Former Co-Chief Operating Officer at Bank of America Corp.

Former Senior Vice President, Government Affairs at Southern California Edison Co.

Chief Executive Officer & Director at PetroChoice Holdings, Inc.

Former President & Chief Executive Officer at Skanska USA, Inc.

Former President, Strategic Development at AECOM Technology Corp.

Former Director-Port Department at The Port Authority of New York & New Jersey (New York)

Director at Granite Construction, Inc.

President & Chief Executive Officer at Tennessee Valley Authority

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Granite Construction, Inc.
Owners & Shareholders
Details Hidden

FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM's strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

Details Hidden

Systematic Financial Management (SFM) specializes in the management of value portfolios across the market-cap spectrum. The firm manages three distinct investment disciplines to help investors pursue specific value opportunities. Their Catalyst Value, Free Cash Flow Value and Disciplined Value strategies each employ unique, well-defined investment methodologies that leverage SFM's proprietary research to achieve the strategy's investment objectives. The firm's investment approach is based on the use of both fundamental and quantitative research.SFM's Catalyst Value discipline includes the following portfolio strategy offerings: Large Cap Value, Mid Cap Value, SMID Cap Value, and Small Cap Value Select (All Cap) Equity. Systematic's Free Cash Flow Value discipline includes the following portfolio strategy offerings: Small Cap, Small Cap Focus, and SMID Cap. Systematic's Disciplined Value strategies include the following portfolio offerings: Small Cap Equity and International Equity.

Details Hidden

PCM offers three specialty investment styles: Large-Cap Growth, Small-Cap Growth, and Small-Cap Value. Large-Cap Growth style look for long-term investments in 25-35 of the highest quality, most dynamic growth companies that are leaders in their industry. Small-Cap Growth focus on undervalued companies in the early stages of their investment cycle (discovery phase) with evidence of high growth. Rediscovery companies must provide a minimum of 40% EPS growth over the next twelve months, or sell at a 40% discount to asset value. Small-Cap Value strategy conducts extensive fundamental research in search of one of the firm's five Value Buy Criteria: resolvable short-term problem, catalyst for change, unrecognized assets, fundamental undervaluation, and take-over potential. Portfolios are fully invested in 90 to 110 holdings with generally no position exceeding 3.5% in weight. The portfolio seeks to be diversified across all sectors at all times. PCM invest primarily in US equity securities or securities convertible into equities traded on a US exchange or over-the-counter. Investments may include ADRs for access to foreign investments and exchange-traded funds used for cash management purposes. All investment styles have a research intensive, company-specific approach to stock selection.

Recent Transactions
Details Hidden

Granite Construction, Inc. purchases Layne Christensen Co.

Details Hidden

Granite Construction, Inc. purchases Kenny Construction Company from Kenny Industries, Inc.

Details Hidden

Granite Construction, Inc. purchases Wilder Construction Co.

Transaction Advisors
Legal Advisor

Advised onGranite Construction, Inc. purchases Layne Christensen Co.

Investment Advisor

Advised onGranite Construction, Inc. purchases Kenny Construction Company from Kenny Industries, Inc.

Investment Advisor

Advised onGranite Construction, Inc. purchases Layne Christensen Co.

Legal Advisor

Advised onGranite Construction, Inc. purchases Layne Christensen Co.

Legal Advisor

Advised onGranite Construction, Inc. purchases Layne Christensen Co.

Legal Advisor

Advised onGranite Construction, Inc. purchases Layne Christensen Co.

Advisors & Consultants
Real Estate Agent

Former Senior Managing Director at Newmark Knight Frank

Clients

Cadiz, Inc. is a land and water resource development company, which engages in the acquisition and development of land with water resources for various uses such as groundwater supply, groundwater storage, and agriculture. The firm's project includes the Cadiz Valley Water Conservation, Recovery and Storage. The company was founded by Keith Brackpool in 1983 and is headquartered in Los Angeles, CA.

Headed by Gov. Pat Quinn, the State of Illinois gained statehood in December 1818. The state's capital is Springfield. The State of Illinois' government programs round in the fields of agriculture, community development, economy, energy and utilities, environment and natural resources, education, history and culture, data and statistics, transportation, and science and technology.

Key Stats and Financials As of 2018
Market Capitalization
$2.03B
Total Enterprise Value
$1.89B
Earnings Per Share
$0.96
Revenue
$3.32B
EBITDAMargin
6.87%
Total Debt
$382M
EBITDA
$228M
Total Equity
$1.4B
Net Profit
$42.4M
Debt TEV
0.2x
TEVNet Income
44.68x
Enterprise Value Sales
0.57x
Enterprise Value EBITDAOperating
8.31x
Five Year Compounded Annual Growth Rate Of Revenue
7.92%
Three Year Compounded Annual Growth Rate Of Revenue
11.86%
Political Donations
$1,000
2014
$500
2014
$1,000
2014
Suppliers
Tejon Ranch Co. Real Estate | Lebec, CA

Tejon Ranch Co. operates as a real estate development and agribusiness company. It operates through the following business segments: Real Estate-Commercial and Industrial Development, Real Estate-Resort and Residential Development, Mineral Resources, Farming and Ranch Operations. The Real Estate Commercial and Industrial Development segment activities includes: entitling, planning and permitting of land for development; construction of infrastructure; the construction of pre-leased buildings; the construction of buildings to be leased or sold; and the sale of land to third parties for their own development. The Real Estate Resort and Residential Development segment operations include land entitlement, land planning and pre-construction engineering, land stewardship and conservation activities. The Mineral Resources segment generates revenues from oil and gas royalty leases, rock and aggregate mining leases. The Farming segment produces revenues from the sale of wine grapes, almonds, and pistachios. The Ranch Operations consist of game management revenues and ancillary land uses such as grazing leases and filming. The company was founded by Edward Fitzgerald Beale in 1843 and is headquartered in Lebec, CA.

Competitors
Jacobs Engineering Group, Inc. Engineering, Construction & Architecture - DALLAS, TX

Jacobs Engineering Group, Inc. engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Buildings, Infrastructure, and Advanced Facilities (BIAF) and Aerospace, Technology, and Nuclear (ATN). Through the BIAF business, it provides services to broad sectors including buildings, water, transportation (roads, rail, aviation, and ports) and advanced facilities for life sciences, semiconductors, data centers, consumer products, and other advanced manufacturing operations throughout North America, Europe, India, the Middle East, Australia, and Asia. Its representative clients include national government departments/agencies in the US, Europe, United Kingdom, Australia, and Asia; state and local departments of transportation within the US; and private industry firms. The ATN business provides an in-depth range of scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries in several countries. Its long-term clients include the Ministry of Defence in the United Kingdom, the United Kingdom Nuclear Decommissioning Authority, NASA, the US Department of Energy, the US Department of Defense, the US Special Operations Command, the US Intelligence community, and the Australian Department of Defence. The company was founded by Joseph J. Jacobs in 1947 and is headquartered in Dallas, TX.

MasTec, Inc. Engineering, Construction & Architecture - Coral Gables, FL

Over the course of the last 80 years, MasTec companies have been involved in some of the largest and most complex infrastructure construction projects across the country. Our experience has given us a deep and comprehensive understanding of the markets we serve, as well as the ability to effectively manage people, projects and equipment. It allows us to proactively identify challenges, avoid pitfalls, and overcome obstacles, and to accurately set and meet expectations for schedule and budget. With offices across the country, a workforce of nearly 10,000 skilled professionals, and an extensive wholly-owned fleet of specialized construction equipment, MasTec has the resources needed to reliably deliver quality work for even the most complicated jobs. Our geographic reach, scalability, and overall financial stability enable us to meet each of our customers' changing needs on a daily basis. Our focus on innovation colors everything we do, and as we've grown, we've fostered it throughout every level of our organization. We're always looking for ways to increase efficiency within the projects we take on, and within our own organization. We work to stay at the forefront of safety and environmentally responsible construction, and to increase the application of these concepts throughout each and every client project. We strive to find better solutions to the world's needs, as well as safer, more socially conscious ways to meet them both today and in the future. By consistently meeting our clients' high expectations for safety, quality and service, MasTec delivers the confidence they need to hire us again and again. MasTec and our subsidiaries are currently certified as a Minority-Controlled Company by the National Minority Suppliers Development Council (NMSDC) and as a Minority Business Enterprise (MBE) by the California Public Utilities Commission's Supplier Clearinghouse. These certifications allow MasTec to be recognized as a minority contractor throughout the United States and across a range of industries that we serve

KBR, Inc. Oil & Gas - Houston, TX

KBR is headquartered in Houston, Texas, also known as the energy capital of the world. The Company employs approximately 27,000 people worldwide in locations that include the U.S., Australia, Africa, the U.K., Asia and the Middle East. KBR delivers a wide range of services through its Downstream; Gas Monetization; Infrastructure and Minerals; International Government, Defense and Support Services; North American Government and Logistics; Oil and Gas; Power and Industrial; Services; Technology; and Ventures business segments, and differentiates itself as a technology-driven engineering, procurement and construction (EPC) company. KBR has built a proud history and a leading market position in the government and infrastructure sectors by being a low-cost, high-efficiency and absolutely reliable service provider. Not only is KBR the largest contractor for the United States Army and a top-ten contractor for the U.S. Department of Defense, it is currently the world's largest defense services provider. KBR is also an industry leader in transforming hydrocarbon resources into value across all sectors of the energy and chemicals industries. By designing and constructing energy and petrochemical projects that offer the latest and best process and design technologies, we have established a solid position as a partner to oil and gas operators in meeting the ever-increasing demand for energy

Awards & Honors
Rank #874
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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