GRANITE CONSTRUCTION INCORPORATED (NYSE:GVA) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
Company) issued a press release with respect to its earnings for
the quarter and year ended December 31, 2016, a copy of which is
attached as Exhibit 99.1 and incorporated herein by reference.
measures of EBITDA and Consolidated EBITDA Margin. Management
believes the non-GAAP measures of EBITDA and Consolidated EBITDA
Margin are useful in evaluating operating performance and are
regularly used by securities analysts, institutional investors and
other interested parties, and that such supplemental measures
facilitate comparisons between companies that have different
capital and financing structures and/or tax rates. However, the
reader is cautioned that any non-GAAP financial measures provided
by the Company are provided in addition to, and not as alternatives
for, the Company’s reported results prepared in accordance with
GAAP. Items that may have a significant impact on the Company’s
financial position, results of operations and cash flows must be
considered when assessing the Company’s actual financial condition
and performance regardless of whether these items are included in
non-GAAP financial measures. The methods used by the Company to
calculate its non-GAAP financial measures may differ significantly
from methods used by other companies to compute similar measures.
As a result, any non-GAAP financial measures provided by the
Company may not be comparable to similar measures provided by other
companies.
Operations and Financial Condition and shall not be deemed filed
for purpose of Section 18 of the Securities Exchange Act of 1934,
nor shall the information, including the Exhibit, be deemed
incorporated by reference in any filing of the Company, except as
shall be expressly set forth by specific reference in such filing.
furnished herewith:
|
Exhibit
Number
|
Description
|
|
99.1
|
Press Release of the Company, dated – February 17, 2017
|
About GRANITE CONSTRUCTION INCORPORATED (NYSE:GVA)
Granite Construction Incorporated is a heavy civil contractor and construction materials producer in the United States. The Company operates through three segments: Construction, Large Project Construction and Construction Materials. Its Construction segment performs construction management, as well as various civil construction projects with a portion of the work focused on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities and other infrastructure projects. The Company’s Large Project Construction segment focuses on large and complex infrastructure projects, which have a longer duration than its Construction segment work. The Company’s Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. GRANITE CONSTRUCTION INCORPORATED (NYSE:GVA) Recent Trading Information
GRANITE CONSTRUCTION INCORPORATED (NYSE:GVA) closed its last trading session down -1.55 at 53.41 with 1,863,855 shares trading hands.
