Its focus is primarily in the West, Southwest, and Southeast serving both public and private sector clients. Within the public sector, the Company concentrates on infrastructure projects, including the construction of roads, highways, bridges, dams, tunnels, canals, mass transit facilities and airports. Within the private sector, the Company performs site preparation services for buildings, plants, subdivisions and other facilities. The principal operating company, Granite Construction Company, is organized into two business segments, the Branch Division and the Heavy Construction Division. Revenues reflect growth in the market for residential and commercial site development.
Net income reflects a decreased gross profit margin and decreased interest income.
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