Earnings Call Summary | Granite Construction(GVA.US) Q1 2024 Earnings Conference
Earnings Call Summary | Granite Construction(GVA.US) Q1 2024 Earnings Conference
The following is a summary of the Granite Construction Incorporated (GVA) Q1 2024 Earnings Call Transcript:
以下是花崗岩建築公司（GVA）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
In Q1 2024, Granite Construction Inc. reported a revenue increase of $112 million (20%).
Gross profit saw a significant increase of $22 million (68%), while the adjusted net loss improved by $5 million.
The company saw increased revenue in both its major segments, with construction segment increasing by $92 million (18%) and material segment by $20 million.
Significant improvement in operating cash flow with a $101 million increase, with the company anticipating to meet its target of 7% of revenue for 2024.
There was a decrease in total debt by $102 million due to full paydown of the revolver, however, cash and marketable securities decreased by $116 million.
Adjusted EBITDA margin for 2024 has been revised upwards from 9% - 11% to 9.5% - 11.5%.
2024年第一季度，Granite Construction Inc.報告收入增加了1.12億美元（20％）。
毛利大幅增長了2200萬美元（68％），而調整後的淨虧損增加了500萬美元。
該公司的兩個主要板塊的收入均有所增加，建築板塊增長了9200萬美元（18％），材料板塊增長了2000萬美元。
運營現金流顯著改善，增長1.01億美元，該公司預計將實現2024年收入7％的目標。
由於全額償還了左輪手槍，債務總額減少了1.02億美元，但是，現金和有價證券減少了1.16億美元。
調整後的2024年息稅折舊攤銷前利潤率已從9％-11％上調至9.5％至11.5％。
Business Progress:
業務進展：
Reorganization of operations was undertaken in Q1 to better align with the reportable segments of construction and materials.
The Material segment growth was driven primarily by acquisitions and an increase in sales volumes and prices.
The company intends to continue its strategic investment in the material segment with a planned budget of around $50M for 2024.
Agile pricing revisions have paved the way for 10% increase in aggregates and 5% increase in asphalt prices.
Granite Construction is exploring further expansion through M&A into new geographies as a strategy to increase shareholder value in 2024.
An upward revision in the Adjusted EBITDA margin range points to an improved business outlook for 2024.
在第一季度進行了業務重組，以更好地與應報告的建築和材料領域保持一致。
材料板塊的增長主要是由收購以及銷量和價格的增長推動的。
該公司打算繼續在材料領域進行戰略投資，2024年的計劃預算約爲5000萬美元。
敏捷定價修訂爲總量上漲10％和瀝青價格上漲5％鋪平了道路。
Granite Construction正在探索通過併購向新的地區進一步擴張，以此作爲在2024年增加股東價值的戰略。
調整後的息稅折舊攤銷前利潤率區間向上修正表明2024年的業務前景有所改善。
More details: Granite Construction IR
更多詳情： 花崗岩建築 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。