GVA - Granite Construction Non-GAAP EPS of $0.38 misses by $0.20 revenue of $768M misses by $51.76M

• Granite Construction press release ( NYSE: GVA ): Q2 Non-GAAP EPS of $0.38 misses by $0.20 .
• Revenue of $768M (-20.3% Y/Y) misses by $51.76M .
• For the 2022 fiscal year, the Company is revising adjusted EBITDA margin guidance to a range of 5.5% - 6.5% from a range of 6% - 8%. The remaining guidance below is unchanged:
• • Low single digit growth in revenue from continuing operations
• • SG&A expense from continuing operations in the range of 8.0% to 8.5% of revenue
• • Low-to-mid-20s effective tax rate range
• • Capital expenditures in the range of $100 million to $115 million

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