WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that its wholly owned subsidiary, Layne, A Granite Company, has been awarded an approximately $13 million contract by the Lewis and Clark Regional Water System (LCRWS) to construct two high-capacity horizontal collector wells within an existing wellfield adjacent to the Missouri River near Vermillion, South Dakota. The project is funded by federal and member sources and will be included in Granite’s third quarter CAP. “Thi
Related Questions
Will the contract lead to additional follow‑on work or maintenance contracts that could provide recurring revenue?
What is the expected timeline for project completion and when will revenue be recognized in the financial statements?
What is the expected impact on Granite’s debt ratios or cash reserves after accounting for this $13 million project?
How will the $13 million contract affect Granite's earnings per share and revenue guidance for the upcoming quarters?
What portion of the $13 million is funded by federal sources versus member contributions, and what are the implications for cash flow?
Will the inclusion of this contract in the third‑quarter CAP materially move the company's projected EBITDA or net income?
Are there any risks associated with the high‑capacity horizontal collector wells—such as regulatory, environmental or construction delays—that could impact profitability?
How does this contract compare in size and margin to Granite’s recent contracts and to competitors' similar water infrastructure projects?
How does this contract influence Granite’s market share in the water infrastructure sector and its positioning for future government‑funded projects?
How might this news affect analyst ratings, target price revisions, and short‑term trading sentiment for GVA?