文章核心观点 - 公司的合资公司GKJV-II获得了密歇根州交通部的合同,负责拆除和重建密歇根州的Lafayette Bascule Bridge,合同金额约1.13亿美元 [1][2] - 公司的在手订单(CAP)在2024年第一季度达到55亿美元,同比增长7.7%,体现了公司在公共和私人市场的良好表现,以及联邦基础设施法案带来的增长动力 [4][5][6] - 公司专注于高质量的在手订单,其中最佳价值项目占46%,体现了公司的战略决策 [5] - 公司股价在过去一年内上涨45.8%,优于行业46%的涨幅,反映了公司在建筑和材料业务上的卓越运营和战略决策 [7] 公司表现 - 公司在手订单(CAP)在2024年第一季度达到55亿美元,同比增长7.7% [4] - 其中加州地区的CAP达到24亿美元,同比增长26%,体现了当地市场机会和资金充足 [6] - 公司专注于高质量的在手订单,其中最佳价值项目占46% [5] - 公司股价在过去一年内上涨45.8%,优于行业46%的涨幅 [7] 行业机遇 - 公司受益于积极的公共资金环境和稳健的私人市场 [4] - 联邦基础设施法案带来了更多增长机会 [4] - 公司正寻求更多的竞标机会以增加在手订单 [6]

Granite Construction Incorporated (GVA) has secured a $16 million contract from the City of Salinas to upgrade a major traffic route between residential areas and Highway 101. The project will widen East Boronda Road into a four-lane roadway and construct a multi-lane roundabout at the McKinnon Street intersection, significantly improving traffic flow and safety.The enhancements include bioretention facilities, buffered bike lanes, bus pullouts, sidewalks, ADA-compliant ramps, storm drain lines, sanitary se ...

Granite Construction Incorporated (GVA) received an approximately $15 million contract to rehabilitate pavement along State Route 41 (SR41), located near Stratford, from the California Department of Transportation (Caltrans). Per the deal, Granite will remove and replace failed pavement areas at SR41 with 49,400 tons of Hot Mix Asphalt (HMA) and then place a surface course of 19,100 tons of Rubberized HMA or RHMA. The RHMA will be supplied by GVA’s Coalinga plant in Fresno County, CA. The scope of work also ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Granite Construction (GVA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Granite Construction is a member of our Construction group, which includes 94 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Za ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

Granite Construction Incorporated (GVA) is all set to rehabilitate pavement along Highway 162 in Mendocino County with a $36 million contract received from the California Department of Transportation (Caltrans). Per the deal, Granite will furnish and place 150,000 tons of conventional and rubberized hot mix asphalt to rebuild the structural section of the roadway. This will improve 25 miles of roadway that connect to the Covelo- Round Valley area. The rubberized surface course will use recycled tires and pr ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

财务数据和关键指标变化 - 2024年第一季度收入同比增长20%,达到$712百万 [29] - 毛利润同比增长68%,达到$54百万 [29] - 经调整净亏损同比改善$5百万 [29] - 经调整EBITDA同比改善$18百万 [29] - 经营活动现金流同比改善$101百万,达到$24百万 [29][34] 各条业务线数据和关键指标变化 建筑分部 - 收入同比增长18%,达到$595百万,主要来自加州、犹他州和中西部地区 [30] - 毛利率为9.5%,同比改善主要由于负面净修订和估计减少 [30][31] 材料分部 - 收入同比增长35%,达到$77百万,主要由于收购业务以及销售价格和销量增加 [32][33] - 毛利润同比增加$2百万,但仍为$3百万的毛损,主要由于收购业务的损失 [32][33] 各个市场数据和关键指标变化 - 公共和私营市场需求持续强劲,加州和各地区市场表现良好 [41][42] - 已中标合同金额(CAP)保持在$5.5十亿,较2023年同期大幅增加 [41][42] 公司战略和发展方向及行业竞争 - 公司重组运营结构,将建筑和材料业务分开管理,以更好地发挥各自的专业优势 [11][12][13][14][15][16][17] - 计划在2024年进一步通过收购扩大材料业务,包括在新地区的拓展 [27][37] - 持续加大在自动化、新厂建设等方面的投资,以提高材料业务的效率和盈利能力 [26] 管理层对经营环境和未来前景的评论 - 2024年第一季度开局良好,收入、利润和现金流均大幅改善,为全年目标奠定了良好基础 [41][42][43][44] - 公共和私营市场需求持续强劲,为公司未来增长提供支撑 [41][42] - 公司有信心完成2024年的业绩目标,并在2025年继续实现有机增长 [24][41][42][43] 问答环节重要的提问和回答 问题1 **Brent Thielman 提问** 询问新旧项目组合的表现差异 [50][51] **Kyle Larkin 回答** 新项目组合表现良好,不再受到历史项目的拖累,收入和利润均有大幅改善 [51][52] 问题2 **Brent Thielman 提问** 询问材料业务近期投资的影响 [52] **Kyle Larkin 回答** 材料业务的自动化、新厂建设等投资正在逐步发挥作用,未来将带来更多的效率和盈利提升 [53][54][55] 问题3 **Unidentified Analyst 提问** 询问材料业务的价格和销量情况 [59] **Kyle Larkin 回答** 骨料价格上涨10%,沥青价格上涨5%,销量保持相对稳定 [60][61]