RTTNews | Mar 30, 2021 07:26AM EDT

07:25 Tuesday, March 30, 2021 (RTTNews.com) - Granite Construction Incorporated (GVA) reported a fourth quarter adjusted net income of $0.41 per share compared to an adjusted net loss of $0.27 per share, a year ago. Adjusted EBITDA increased to $56.6 million from $8.5 million.

Fourth quarter reported net income was $8.0 million, or $0.17 per share compared to a net loss of $19.4 million, or $0.42 per share, prior year. Gross profit increased to $106.6 million from $51.2 million.

Fourth quarter revenue increased 6.8% to $945.6 million compared to $885.6 million, last year.

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