Company Directory - Granite Construction Incorporated
Company Details - Granite Construction Incorporated
Granite Construction Incorporated
WebsiteGranite Construction Incorporated is a leading construction company specializing in a wide range of infrastructure projects, including highways, bridges, and other transportation systems. With a focus on safety, sustainability, and innovation, Granite leverages advanced construction techniques and materials to deliver high-quality projects. The company is recognized for its commitment to community engagement and environmental stewardship.
CCI Score
CCI Score: Granite Construction Incorporated
1.52
-2.39%
Latest Event
Granite JV Awarded $158M Guam Defense System Project
Granite Construction announced on July 17 that its joint venture with Obayashi Corporation secured a $158 million contract for the Guam Defense System Project, marking a significant defense-related infrastructure engagement.
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OBJECTOR
Granite Construction Incorporated is currently rated as an Objector.
Latest Events
- JUL172025
Granite Construction announced on July 17 that its joint venture with Obayashi Corporation secured a $158 million contract for the Guam Defense System Project, marking a significant defense-related infrastructure engagement.
- APR022025
Granite Construction amended its Human Rights Policy Statement on April 2, 2025, reaffirming its commitment to upholding the principles of the United Nations Universal Declaration of Human Rights, protecting employees' rights, and supporting collective bargaining and non-discrimination practices throughout its operations and supply chain.
+80
Labor Relations and Human Rights Practices
July 22
The updated Human Rights Policy Statement emphasizes Granite Construction's commitment to ethical business practices and respect for human rights, including upholding collective bargaining rights and non-discrimination. This proactive stance strengthens worker rights and opposes authoritarian norms, warranting a positive score under Labor Relations and Human Rights Practices.
- MAY012024
On May 1, 2024, Granite Construction published its 2023 Sustainability Report, detailing the company’s commitment to social responsibility, environmental stewardship, safety, inclusive diversity, and ethical governance. The report emphasizes strategic partnerships and community engagement, aligning with progressive values and responsible business practices.
+80
Business Practices and Ethical Responsibility
July 22
The sustainability report highlights Granite Construction's proactive commitment to ethical governance, environmental stewardship, and inclusive diversity, which are hallmarks of progressive and anti-authoritarian corporate practices. These efforts serve as a counterbalance to authoritarian and fascist tendencies by emphasizing community well-being and responsible business practices.
- SEP172023
Granite Construction’s Sustainability Manager, Raven Adams, was honored at the United Nations Global Compact Network USA event on September 17, 2023, receiving the 2023 USA Sustainable Development Goals Pioneer award. The award recognizes the company’s commitment to human rights, labor standards, environmental stewardship, and anti-corruption practices.
+70
Business Practices and Ethical Responsibility
July 22
The award highlights Granite Construction's proactive approach to sustainability and ethical business practices. Being recognized by the United Nations Global Compact Network USA underscores the company’s commitment to human rights, environmental stewardship, and anti-corruption principles. This stands as a positive indicator of progressive values and corporate social responsibility, aligning with anti-fascist and inclusive practices.
- APR182023
OpenSecrets' PAC profile reveals that Granite Construction engages in political lobbying by contracting public relations firms that employ former White House and Congressional staffers, based on FEC data. This activity indicates the company’s involvement in channeling political contributions and influencing policy, reflecting practices that may entrench established power structures.
-30
Political Contributions and Lobbying Efforts
July 22
Granite Construction's use of political contributions and specialized lobbying firms, including those staffed by former high-level political aides, suggests an active engagement in influencing policy. This practice raises concerns about corporate complicity in supporting entrenched power structures and undermining democratic accountability.
- NOV152022
Granite Construction, Inc. and its former Senior Vice President were charged by the SEC for allegedly inflating financial performance by misreporting increased construction costs. The company self-reported the issue, undertook remedial actions including redesigning internal accounting controls, and agreed to pay a $12 million civil penalty, while former executives faced bonus clawbacks.
-50
Business Practices and Ethical Responsibility
July 22
The SEC charges reveal significant ethical lapses in corporate practice. Granite Construction's financial misreporting undermines transparency and accountability, key components of ethical business practice. While the company's self-reporting and subsequent remediation represent some accountability, the overall misconduct and harm to investor trust warrant a negative rating. This event reflects poor business practices that can erode democratic oversight and corporate responsibility.
- JAN012022
Granite Construction’s PAC donated $82,000 to a range of federal candidates during the 2021-2022 election cycle, illustrating the company’s engagement in political financing.
-50
Political Contributions and Lobbying Efforts
July 22
The corporate PAC donation of $82,000 to various federal candidates—spanning both major parties—raises concerns about the use of corporate funds to influence the political process. Such contributions can facilitate regulatory capture and undermine democratic accountability, aligning with broader authoritarian dynamics that concentrate power among corporate elites.
Granite Construction PAC Contributions to Federal Candidates
- AUG252019
Granite Construction Co. agreed to pay $12 million to settle SEC fraud charges related to alleged manipulation of financial records on heavy civil construction projects, and several former executives returned bonuses amid internal control enhancements.
-60
Business Practices and Ethical Responsibility
July 22
The SEC settlement was driven by fraudulent practices, including deliberate manipulation of cost recognition and revenue figures. This behavior reflects serious lapses in ethical business practices and corporate governance, undermining accountability and transparency.
Ex-Granite Senior VP Cited As Firm Reaches $12M SEC Fraud Settlement
- NOV242015
Granite Construction, through its subsidiary Granite Construction Northeast, entered a non-prosecution agreement and agreed to pay over $8 million to resolve a criminal investigation into a scheme that defrauded the Disadvantaged Business Enterprise program, undermining opportunities for minority-owned businesses. The company also committed to comprehensive corporate reforms and enhanced compliance measures.
-70
Business Practices and Ethical Responsibility
July 22
Granite Construction's subsidiary was involved in a fraudulent DBE scheme that exploited a program meant to support disadvantaged businesses. Although the company accepted responsibility and implemented corrective reforms, the initial fraudulent practices significantly harmed the opportunities for minority-owned firms, reflecting unethical business practices.
- FEB082013
Granite Construction settled with the U.S. government by agreeing to pay $367,500 to resolve allegations of inflated billing on federal construction projects between 2006 and 2008. The settlement followed a DOJ and DOT investigation that found the company had included unwarranted charges in change orders linked to insurance rates. This event highlights ethical shortcomings in Granite Construction’s business practices.
-50
Business Practices and Ethical Responsibility
July 22
The settlement over false claims indicates unethical business practices. By inflating change orders and overcharging the government, Granite Construction compromised accountability and transparency in federal contracting. This behavior undermines public trust and diverts taxpayer dollars, reflecting poorly on the company's ethical responsibility.
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Irving, United States
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Saudi Arabia
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Australia
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San Francisco, United States
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Tokyo, Japan
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Mumbai, India
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Corporate Financials
- Revenue
- 2022
- $5.02B
- Total Assets
- 2022
- $2.76B
- Operating Income
- 2022
- $482.00M
- Total Equity
- 2022
- $686.00M
Industries
- 236220
- Commercial and Institutional Building Construction
- 237310
- Highway, Street, and Bridge Construction
- 238910
- Site Preparation Contractors