This modification is a routine change order on an existing contract and does not signal a shift in Granite's backlog or margin trajectory. Monitor future quarterly results for any broader impact from geotechnical issues on project profitability.
Price Chart
Executive Summary
Granite Construction received a $32.4 million contract modification from the U.S. Army Corps of Engineers for additional work on the Sacramento Weir Widening project due to unforeseen geotechnical conditions. The award is approximately 0.56% of the company's annualized revenue, representing a routine but notable addition to an existing project.
Key Financial Metrics
Key Facts
- Modification P00015 to contract W91238-23-C-0014 valued at $32,368,584
- Total cumulative contract value now $239,133,774
- Work on new northern abutment for Sacramento Weir Widening project
- Fiscal 2027 civil construction funds fully obligated at award
- Estimated completion date: Nov. 29, 2027
- Award is 0.56% of Granite's annualized revenue of $5.82 billion
Financial Impact
$32.4 million modification, representing 0.56% of annualized revenue
Risk Factors
- Unforeseen geotechnical conditions may indicate further cost overruns or delays on the project
- Contract modification is small relative to total revenue; limited stock price impact expected
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-W9123823C0014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | GOVT-CONTRACT | $111.74 $109.51 | ▼ −2.00% | ▼ −2.33% | $110.72 (−0.91%) |
Oct 12, 2026 15d ago | Institutional Cluster | $112.47 $113.15 | ▲ +0.60% | ▲ +0.62% | $110.72 (−1.55%) |
Aug 13, 2026 10w ago | 8-K | $127.10 $128.02 | ▲ +0.72% | ▲ +1.20% | $110.72 (−12.88%) |
Aug 7, 2026 11w ago | 8-K | $128.32 $125.97 | ▼ −1.83% | ▼ −1.80% | $110.72 (−13.71%) |
Aug 4, 2026 12w ago | 8-K | $122.11 $123.33 | ▲ +1.00% | ▲ +1.20% | $110.72 (−9.32%) |
Jul 30, 2026 12w ago | 8-K | $114.92 $120.97 | ▲ +5.26% | ▲ +4.56% | $110.72 (−3.65%) |
Jun 15, 2026 19w ago | Insider Cluster | $145.18 $143.34 | ▼ −1.27% | ▼ −0.02% | $110.72 (−23.73%) |
Jun 8, 2026 20w ago | Insider Cluster | $140.05 $135.76 | ▼ −3.06% | ▼ −1.49% | $110.72 (−20.94%) |
Jun 8, 2026 20w ago | Insider Cluster | $140.05 $135.76 | ▼ −3.06% | ▼ −1.49% | $110.72 (−20.94%) |
Jun 8, 2026 20w ago | Insider Cluster | $140.05 $135.76 | ▼ −3.06% | ▼ −1.49% | $110.72 (−20.94%) |
US Market Status
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