Granite Construction Management
Management criteria checks 3/4
Granite Construction's CEO is Kyle Larkin, appointed in Sep 2020, has a tenure of 4.25 years. total yearly compensation is $4.22M, comprised of 21.9% salary and 78.1% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $8.52M. The average tenure of the management team and the board of directors is 4.1 years and 5.5 years respectively.
Key information
Kyle Larkin
Chief executive officer
US$4.2m
Total compensation
| CEO salary percentage | 21.9% |
| CEO tenure | 4.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4.1yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital
Dec 18
Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?
Nov 22Granite Construction: Infrastructure Spending And An Upgraded Business Model
Nov 15The Strong Earnings Posted By Granite Construction (NYSE:GVA) Are A Good Indication Of The Strength Of The Business
Nov 07Granite Construction: Still Cruising Higher
Oct 28Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Oct 05We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Sep 18Investors Interested In Granite Construction Incorporated's (NYSE:GVA) Earnings
Sep 04Granite Construction (NYSE:GVA) Is Experiencing Growth In Returns On Capital
Aug 22Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 47% Undervaluation?
Jul 29Granite Construction (NYSE:GVA) Is Paying Out A Dividend Of $0.13
Jun 16At US$61.29, Is It Time To Put Granite Construction Incorporated (NYSE:GVA) On Your Watch List?
Jun 04These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well
May 03With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For
Apr 13Granite Construction: Expect Higher Margins And Tailwinds To Spur Stock
Jan 17Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 38% Undervaluation?
Dec 20Granite Construction (NYSE:GVA) Has Some Difficulty Using Its Capital Effectively
Nov 16Granite Construction: Cheap Multiples, Mid And Long-Term Economics Not Supportive
Oct 27Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly
Oct 11Granite Construction (NYSE:GVA) Is Due To Pay A Dividend Of $0.13
Sep 17Is Now The Time To Put Granite Construction (NYSE:GVA) On Your Watchlist?
Sep 05Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Aug 18Granite Construction: Good Long-Term Growth Prospects At Attractive Valuation
Aug 07Why Granite Construction Incorporated (NYSE:GVA) Could Be Worth Watching
Apr 27Here's Why We Think Granite Construction (NYSE:GVA) Might Deserve Your Attention Today
Apr 06Granite Construction Q4 2022 Earnings Preview
Feb 15Is Granite Construction (NYSE:GVA) Using Too Much Debt?
Jan 27Granite Construction's Outperformance Can Continue
Dec 27Granite Construction bags $174M contract for work on Los Angeles airport runways
Dec 20Granite Construction bags $14M traffic flow improvement project from Caltrans
Dec 06An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued
Dec 06Granite Construction gets $30M contract from US Dept of Homeland Security
Nov 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$111m |
| Jun 30 2024 | n/a | n/a | US$90m |
| Mar 31 2024 | n/a | n/a | US$36m |
| Dec 31 2023 | US$4m | US$925k | US$44m |
| Sep 30 2023 | n/a | n/a | US$40m |
| Jun 30 2023 | n/a | n/a | US$51m |
| Mar 31 2023 | n/a | n/a | US$87m |
| Dec 31 2022 | US$2m | US$900k | US$83m |
| Sep 30 2022 | n/a | n/a | US$48m |
| Jun 30 2022 | n/a | n/a | US$14m |
| Mar 31 2022 | n/a | n/a | US$47m |
| Dec 31 2021 | US$2m | US$855k | US$10m |
| Sep 30 2021 | n/a | n/a | US$196m |
| Jun 30 2021 | n/a | n/a | US$70m |
| Mar 31 2021 | n/a | n/a | US$21m |
| Dec 31 2020 | US$905k | US$585k | -US$145m |
| Sep 30 2020 | n/a | n/a | -US$173m |
| Jun 30 2020 | n/a | n/a | -US$35m |
| Mar 31 2020 | n/a | n/a | -US$63m |
| Dec 31 2019 | US$679k | US$425k | -US$31m |
| Sep 30 2019 | n/a | n/a | -US$76m |
| Jun 30 2019 | n/a | n/a | -US$66m |
| Mar 31 2019 | n/a | n/a | -US$50m |
| Dec 31 2018 | US$871k | US$350k | US$582k |
| Sep 30 2018 | n/a | n/a | US$69m |
| Jun 30 2018 | n/a | n/a | US$59m |
| Mar 31 2018 | n/a | n/a | US$81m |
| Dec 31 2017 | US$692k | US$260k | US$34m |
Compensation vs Market: Kyle's total compensation ($USD4.22M) is below average for companies of similar size in the US market ($USD6.65M).
Compensation vs Earnings: Kyle's compensation has increased by more than 20% in the past year.
CEO
Kyle Larkin (52 yo)
4.3yrs
Tenure
US$4,224,356
Compensation
Mr. Kyle T. Larkin has been President of Granite Construction Incorporated since September 22, 2020. He is the Chief Executive Officer and Director of Granite Construction Incorporated since June 02, 2021....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | US$4.22m | 0.21% $ 8.5m | |
| Executive VP & CFO | less than a year | US$927.20k | 0.0036% $ 143.5k | |
| Executive VP & COO | 4yrs | US$1.82m | 0.070% $ 2.8m | |
| Executive Officer | less than a year | US$1.50m | 0.054% $ 2.2m | |
| Senior VP of Construction | 5.9yrs | US$1.52m | 0.063% $ 2.5m | |
| Senior VP of Corporate Finance & Treasurer | less than a year | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP | 6.3yrs | no data | no data | |
| Senior VP and Chief Marketing & Communications Officer | 4.1yrs | no data | no data | |
| Senior Vice President of Human Resources | 4.9yrs | no data | no data | |
| Senior Vice President of Construction | 4.1yrs | US$657.65k | 0.048% $ 1.9m | |
| Senior Vice President of Safety | 3.1yrs | no data | no data |
4.1yrs
Average Tenure
58yo
Average Age
Experienced Management: GVA's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$4.22m | 0.21% $ 8.5m | |
| Director | less than a year | no data | no data | |
| Independent Director | 3.5yrs | US$243.19k | 0.0034% $ 135.9k | |
| Independent Director | 7.8yrs | US$253.79k | 0.045% $ 1.8m | |
| Independent Director | 6.5yrs | US$251.79k | 0.039% $ 1.6m | |
| Independent Director | 7.8yrs | US$242.79k | 0.033% $ 1.3m | |
| Independent Chairman | 8.8yrs | US$387.42k | 0.0073% $ 290.1k | |
| Independent Director | 5.5yrs | US$245.29k | 0.025% $ 979.0k | |
| Independent Director | 3.5yrs | US$251.79k | 0.0063% $ 250.5k |
5.5yrs
Average Tenure
68.5yo
Average Age
Experienced Board: GVA's board of directors are considered experienced (5.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:05 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Granite Construction Incorporated is covered by 28 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adam Thalhimer | BB&T Capital Markets |
| Avram Fisher | BMO Capital Markets U.S. (Historical) |
| Alexander Rygiel | B. Riley Securities, Inc. |