Granite Construction wins USD 324.8 million tunnel project as GVA stock trades at EUR 106.00

Published on 10/06/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue rose 29.00 percent to USD 1.5 billion. GVA stock costs EUR 106.00 on October 6, 2026 versus EUR 105.50, plus 0.47 percent.

GVA, US3873281071, Illustration mit AI erstellt.

Granite Construction (ISIN US3873281071) won a USD 324.8 million Big Creek Tunnel project in Ohio on October 1, 2026, as Business Wire reported. GVA stock was at EUR 106.00 at Lang & Schwarz on October 6, 2026 at 12:20 p.m. CEST, plus 0.47 percent versus the prior close of EUR 105.50.

Ohio tunnel adds project visibility

The Granite-Super joint venture will build the Big Creek Tunnel for the Northeast Ohio Regional Sewer District, with the contract included in Granite's third-quarter 2026 CAP. Construction is scheduled to begin in fall 2026 and is expected to finish in winter 2030, according to Business Wire.

The scope includes 22,300 linear feet of 20-foot-diameter tunnel and 3,115 linear feet of ancillary tunnels. The project is part of a USD 3.0 billion, 24-year water-quality program, and the completed tunnel is designed to eliminate 550 million gallons of combined sewer releases annually, the same release said.

Second-quarter growth raises the bar

Granite's second-quarter 2026 revenue rose 29.00 percent year over year to USD 1.5 billion, while gross profit increased 20.00 percent to USD 239.0 million, according to the Yahoo Finance transcript dated July 30, 2026. Adjusted net income increased by USD 15.0 million to USD 101.0 million, and adjusted EBITDA rose by USD 34.0 million to USD 186.0 million.

Management also raised 2026 revenue guidance to USD 5.3 billion-USD 5.5 billion from USD 5.2 billion-USD 5.4 billion. CAP increased by USD 250.0 million sequentially to USD 7.4 billion in the second quarter, giving the project award a larger backlog context, the Yahoo Finance transcript said.

Stock stays below its yearly high

Granite Construction is listed on the NYSE under ticker GVA, and the company's primary business combines civil infrastructure construction with construction materials. Its 52-week range was USD 97.26 to USD 162.08 as of October 5, 2026, while market capitalization was USD 5.2 billion on the same date.

For investors, the key comparison is the balance between expanding CAP and the earnings pressure visible in the latest quarter. Granite reported adjusted second-quarter performance improvements, but the finance data record also shows GAAP net income of minus USD 271.6 million for the period ended June 30, 2026, making the adjusted results and rising guidance especially important measures for assessing execution.

GVA stock trades at EUR 106.00

At Lang & Schwarz, GVA stock was trading at EUR 106.00 on October 6, 2026 at 12:20 p.m. CEST, up 0.47 percent versus the prior close of EUR 105.50. The company had a market capitalization of USD 5.2 billion and a 52-week range of USD 97.26 to USD 162.08 as of October 5, 2026.