Granite (GVA) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 12, 2026 astatine 11:33 AM CST 35 min read

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Thursday, Feb. 12, 2026 astatine 11 a.m. ET

• President and Chief Executive Officer — Kyle T. Larkin

• Executive Vice President and Chief Financial Officer — Staci M. Woolsey

• Vice President of Investor Relations — Michael W. Barker

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Operator: Good morning. My sanction is Bailey, and I volition beryllium your league facilitator today. At this time, I would similar to invited everyone to the Granite Construction Incorporated 2025 Fourth Quarter Conference Call. This telephone is being recorded.

Operator: All lines person been placed connected mute to forestall immoderate inheritance noise.

Operator: After the speakers' remarks, determination volition beryllium a question and reply period. Participants today, it is present my pleasance to crook the level implicit to Vice President of Investor Relations, Michael W. Barker.

Michael W. Barker: Good morning, and convey you for joining us. I americium pleased to beryllium present contiguous with President and Chief Executive Officer, Kyle T. Larkin, and Executive Vice President and Chief Financial Officer, Staci M. Woolsey. Please enactment that today's net presumption volition beryllium disposable connected the Events and Presentations leafage of our Investor Relations website. We statesman contiguous with a little treatment regarding forward-looking statements and non-GAAP measures. Some of the treatment contiguous whitethorn see forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are estimates reflecting the existent expectations and champion judgement of elder absorption regarding aboriginal events, occurrences, opportunities, targets, growth, demand, strategical plans, circumstances, activities, performance, shareholder value, outcomes, outlook, guidance, objectives, committed and awarded projects oregon CAP, and results. Actual results whitethorn disagree materially from statements made today. Please notation to Granite Construction Incorporated’s astir caller 10-Ks and 10-Q filings for a much implicit statement of hazard factors that could impact these forward-looking statements. The institution assumes nary work to update forward-looking statements, but arsenic required by law. Certain non-GAAP measures whitethorn beryllium discussed during today's call, from clip to clip by the company's executives.

These include, but are not constricted to, adjusted EBITDA, adjusted EBITDA margin, adjusted nett income, adjusted net per share, and currency gross profit. The required disclosures regarding our non-GAAP measures are included arsenic portion of our net property releases and successful institution presentations, which are disposable connected our website graniteconstruction.com, nether Investor Relations. Now I would similar to crook the telephone implicit to Kyle T. Larkin. Good morning. Before we crook to the conception discussions, I would similar to sermon the advancement we person been making to present connected our strategical priorities. In 2025, we proceed to absorption connected bidding and gathering the close work, investing successful our materials business, and expanding our geographic footprint done targeted M&A.