Granite reports fourth quarter and fiscal year 2022 results

Watsonville, calif.--(business wire)--granite construction incorporated (nyse: gva) today announced results for the fourth quarter and year ended december 31, 2022. fiscal year 2022 results fiscal year 2022 net income totaled $83 million, or $1.70 per diluted share, and net income margin(2) was 2.5% compared to net income of $10 million, or $0.21 per diluted share, and net income margin(2) of 0.3% in the prior fiscal year. fiscal year 2022 adjusted net income(1) totaled $104 million, or $2.
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