Granite Construction Inc. is a civil construction company and aggregate producer, a member of the S&P 600 Index based and founded in

Watsonville, California Watsonville is a city in Santa Cruz County, California, in the Monterey Bay Area of the Central Coast (California), Central Coast of California. The population was 52,590 at the 2020 United States census, 2020 census. Predominantly Latino and ...

, and is the parent corporation of Granite Construction Company. The company is both a heavy civil construction contractor and

construction aggregate Construction aggregate, or simply aggregate, is a broad category of coarse- to medium-grained particulate material used in construction. Traditionally, it includes natural materials such as sand, gravel, crushed stone. As with other types of ag ...

manufacturer Manufacturing is the creation or Production (economics), production of goods with the help of equipment, Work (human activity), labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary se ...

, owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 to 2021 for misrepresenting revenue, and as a result paid fines to settle disputes with shareholders, and avoided delisting from the NYSE. Incorporated in 1922 and

publicly traded A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

since 1990, Granite Construction Company is composed of a construction materials division, and three construction operating divisions (California Group, Mountain Group and Central Group). Under each group are numerous regional offices, quarries,

asphalt Asphalt most often refers to: * Bitumen, also known as "liquid asphalt cement" or simply "asphalt", a viscous form of petroleum mainly used as a binder in asphalt concrete * Asphalt concrete, a mixture of bitumen with coarse and fine aggregates, u ...

and concrete plants. Granite's California Group comprises five regions, based on geographically limited areas within the state. Granite's Central Group comprises six regions, representing states and specific markets outside of California: Arizona, Texas, Florida, Illinois, and Federal Division based in Colorado. Granite's Mountain Group comprises five regions, representing states and specific markets in Alaska, Washington, Oregon, Idaho, Nevada, Utah and the Water/Mineral Division. Granite Construction works in both public and private sector transportation infrastructure projects that include: roads and highways, bridges, dams, water reservoirs, railroads, seaports, and airports. The materials division produces construction materials such as sand, gravel, ready-mix and

asphalt concrete Asphalt concrete (commonly called asphalt, blacktop, or pavement in North America, and Tarmacadam, tarmac or bitumen macadam in the United Kingdom and the Republic of Ireland) is a composite material commonly used to surface road surface, roads ...

. As of 2022, Granite was ranked 28th on ENR's Top 400 Contractors (by overall revenue), dropping from 25th in 2021.

References

External links

Official Granite Construction website

Company information
–

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

. Construction and civil engineering companies of the United States Companies based in Santa Cruz County, California Watsonville, California Construction and civil engineering companies established in 1922 1922 establishments in California Companies listed on the New York Stock Exchange {{California-stub