Granite Construction Incorporated Announces Upward Revision of Fourth Quarter and Full Year 2006 Earnings
WATSONVILLE, Calif.,
The revised year-to-date 2006 net income is
A reconciliation between the results originally reported in our earningsrelease on
As Originally Adjustment As Revised Reported Total revenue $2,964,904 $4,700 $2,969,604 Gross profit 290,420 5,300 295,720 Income before provision for income taxes and minority interest 107,717 5,300 113,017 Minority interest 7,720 (1,550) 6,170 Net income 78,220 2,289 80,509 Net income per share: Basic 1.91 0.06 1.97 Diluted 1.89 0.05 1.94
Audited financial results will appear in Granite’s Form 10-K, which willbe filed on or before
Company Description
Granite, a member of the S&P 400 Midcap Index, the Domini 400 Social Indexand the Russell 2000, is one of the nation’s largest diversified heavy civilcontractors and construction materials producers. Granite Construction servespublic and private sector clients through its offices nationwide. For the 4thstraight year, Granite was named to FORTUNE’S List of 100 Best Companies toWork For. For more information about the company, please visit their websiteat www.graniteconstruction.com.
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