Granite Construction has raised its 2026 revenue guidance to between US$5.3 billion and US$5.5 billion and appointed industry veteran George L. Nash, Jr. to its board. The company also signaled an active acquisition pipeline supported by strong cash generation and balance sheet flexibility. The announcement came alongside second-quarter results that included a US$278.2 million quarterly loss. Management expressed confidence in the current backlog and M&A pipeline despite ongoing unprofitability. The board addition brings project management expertise as the company navigates complex projects and integration challenges.
Granite Construction IncorporatedRaises 2026 revenue guidance and signals active M&A pipeline with strong cash generation.
