
Granite (NYSE:GVA) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will

<p xmlns="http://www.w3.org/1999/xhtml">
Granite (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GVA">GVA</a>) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will be included in Granite’s second quarter 2026 CAP.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Located in West Point, Utah, the project will:

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Extend the recently completed West Davis Corridor by approximately three miles

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Enhance mobility and connectivity for the northern Davis County area

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Improve traffic flows in the corridor

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
Project scope includes construction of nine new bridges, two pedestrian crossings, approximately 70,000 tons of asphalt paving, and placement of more than one million cubic yards of borrow material.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"This project represents an important step in continuing the buildout of the West Davis Corridor, improving access and mobility for the growing northern Davis County region," said Jason Klaumann, Granite Regional Vice President. "It aligns with our core strengths in structures, paving, and materials, and our home market strategy."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Granite’s Wells Pit will supply 400,000 cubic yards of borrow and 350,000 tons of mechanically stabilized earth (MSE) fill and Granite’s West Haven AC Plant will provide 70,000 tons of Hot Mix Asphalt.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Granite</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Granite is America’s Infrastructure Company&#x2122;. Incorporated since 1922, Granite (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GVA">GVA</a>) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fgraniteconstruction.com&amp;esheet=54558415&amp;newsitemid=20260624941807&amp;lan=en-US&amp;anchor=graniteconstruction.com&amp;index=1&amp;md5=38a3a3def8bbf201f65258070944696b" shape="rect">graniteconstruction.com</a>, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260624941807r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260624941807/en/" rel="nofollow">https://www.businesswire.com/news/home/20260624941807/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
<b xmlns="http://www.w3.org/1999/xhtml">Granite Contacts 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Media
<br xmlns="http://www.w3.org/1999/xhtml"></br>Erin Kuhlman 831-768-4111

</p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
Investors
<br xmlns="http://www.w3.org/1999/xhtml"></br>Wenjun Xu - 831-761-7861

</p>

Granite Awarded West Davis Corridor Expansion Project in Utah

Granite Wins $116.9 Million Utah West Davis Corridor Contract, Boosting Backlog

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Granite (NYSE:GVA) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Granite was awarded a $116.9 million West Davis Corridor expansion by Utah DOT, in West Point, Utah. The project extends about 3 miles, adds nine bridges and 70,000 tons of asphalt, with more than one million cubic yards of borrow material. It boosts Granite&#039;s backlog and ties to its Q2 2026 CAP, underscoring Utah market strength.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Granite wins $116.9M West Davis Corridor expansion in Utah.</li><li>Contract included in Granite’s Q2 2026 CAP.</li><li>Extends corridor by about 3 miles in West Point, UT.</li><li>Project includes 9 new bridges and 70k tons asphalt.</li><li>Wells Pit to supply 400k cubic yards borrow; 350k tons MSE fill.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Granite Construction Inc. (GVA)</strong>: Award expands backlog and strengthens Utah exposure; positive near-term visibility.</li><li><strong>Utah Department of Transportation (UDOT)</strong>: Contract issuer; public agency signaling ongoing state infrastructure activity affecting contractors.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: A meaningful contract win for a leading U.S. infrastructure contractor; boosts backlog, underscores Utah exposure, and reinforces Granite&#039;s home-market strategy, potentially guiding sentiment and valuation.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Backlog increases by approximately $116.9 million, aiding near-term visibility.</li><li>Utah exposure reinforces Granite&#039;s home-market strategy.</li><li>Large-scale scope implies potential margin benefit if on-schedule execution.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Contract value: approximately $116.9 million.</li><li>Location: West Point, Utah; West Davis Corridor expansion (SR-177).</li><li>Scope: extend ~3 miles; 9 new bridges; 2 pedestrian crossings.</li><li>Paving: ~70,000 tons of asphalt; borrow: &gt;1,000,000 cubic yards.</li><li>Materials: Wells Pit to supply 400,000 cu yds borrow and 350,000 tons MSE fill; West Haven AC Plant to supply 70,000 tons HMA.</li><li>Timing: included in Granite&#039;s Q2 2026 CAP.</li><li>Quote: Jason Klaumann, Regional VP, notes alignment with core strengths.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 6–12 months as backlog and near-term revenue visibility improve.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Granite (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GVA">GVA</a>) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will be included in Granite’s second quarter 2026 CAP.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Located in West Point, Utah, the project will:

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Extend the recently completed West Davis Corridor by approximately three miles

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Enhance mobility and connectivity for the northern Davis County area

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
Improve traffic flows in the corridor

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
Project scope includes construction of nine new bridges, two pedestrian crossings, approximately 70,000 tons of asphalt paving, and placement of more than one million cubic yards of borrow material.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"This project represents an important step in continuing the buildout of the West Davis Corridor, improving access and mobility for the growing northern Davis County region," said Jason Klaumann, Granite Regional Vice President. "It aligns with our core strengths in structures, paving, and materials, and our home market strategy."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Granite’s Wells Pit will supply 400,000 cubic yards of borrow and 350,000 tons of mechanically stabilized earth (MSE) fill and Granite’s West Haven AC Plant will provide 70,000 tons of Hot Mix Asphalt.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Granite</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Granite is America’s Infrastructure Company&#x2122;. Incorporated since 1922, Granite (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GVA">GVA</a>) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fgraniteconstruction.com&amp;esheet=54558415&amp;newsitemid=20260624941807&amp;lan=en-US&amp;anchor=graniteconstruction.com&amp;index=1&amp;md5=38a3a3def8bbf201f65258070944696b" shape="rect">graniteconstruction.com</a>, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260624941807r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260624941807/en/" rel="nofollow">https://www.businesswire.com/news/home/20260624941807/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
<b xmlns="http://www.w3.org/1999/xhtml">Granite Contacts 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Media
<br xmlns="http://www.w3.org/1999/xhtml"></br>Erin Kuhlman 831-768-4111

</p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
Investors
<br xmlns="http://www.w3.org/1999/xhtml"></br>Wenjun Xu - 831-761-7861

</p>

Granite was awarded a $116.9 million West Davis Corridor expansion by Utah DOT, in West Point, Utah. The project extends about 3 miles, adds nine bridges and 70,000 tons of asphalt, with more than one million cubic yards of borrow material. It boosts Granite's backlog and ties to its Q2 2026 CAP, underscoring Utah market strength.

Granite Awarded West Davis Corridor Expansion Project in Utah

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

Related News