Granite Construction Q1 2026: Record Revenue & Growth

About this episode

Granite Construction reported a record revenue surge in Q1 2026, driven by strategic acquisitions and strong organic growth.

Granite Constructions Q1 2026 earnings soared with a 30% revenue surge to $912 million, driven by robust organic growth and strategic acquisitions. The acquisition of Kenny Sain Construction in Utah added $150 million in annual revenue and bolstered their infrastructure and materials sector. Construction revenue jumped 25% to $756 million, despite a single California highway project cancellation. Federal work, including tactical infrastructure, accounts for $1.3 billion of their committed projects, positioning them for 15% segment revenue long-term. Materials sales surged with $146 million, led by Warren Pavings strong performance. Granite is optimistic about diversifying into rail and data centers, with solid experience and teams pursuing deals. Despite oil price fluctuations, demand for aggregates and asphalt outpaces last year. Full-year guidance was raised significantly, with revenue now projected at $5.2 to $5.4 billion and EBITDA margins at 12.25% to 13.25%. SG&A leverage improves as they scale, and CapEx remains steady at $141 million. All indicators suggest sustained growth through strategic M&A and market focus, setting Granite up for continued success. Support…

Topics covered

• earnings report
• revenue growth
• construction industry
• strategic acquisitions
• market outlook

Keywords

• Granite Construction
• Kenny Sain Construction
• revenue growth
• construction revenue
• strategic acquisitions
• EBITDA margins
• market focus

Sponsors

Solipillow

Mentioned in this episode

Organizations: Granite Construction, Kenny Sain Construction, Warren Paving

Places: Utah, California, Federal

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