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Granite Construction Expects 2024 Revenue Of $3.8B-$4B Vs. $3.85B Consensus; Sees Adjusted EBITDA Margin Of 9.0%-1.0%

Author: Benzinga Newsdesk | February 22, 2024 07:58am

Outlook

Our guidance for 2024 is described below:

  • Revenue in the range of $3.8 billion to $4.0 billion
  • Adjusted EBITDA margin in the range of 9.0% to 11.0%
  • SG&A expense in the range of 7.5% to 8.0% of revenue
  • Mid-20s effective tax rate for adjusted net income
  • Capital expenditures of approximately $130 million to $150 million

Posted In: GVA


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