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GRANITE CONSTRUCTION INC FILES (8-K) Disclosing Results of Operations and Financial Condition, Financial Statements and Exhibits

August 1, 2014

Item 2.02. Results of Operations and Financial Condition.

On August 1, 2014, Granite Construction Incorporated (the "Company") issued a press release with respect to its earnings for the quarter ended June 30, 2014, a copy of which is attached as Exhibit 99.1 and incorporated herein by reference.

The press release referred to above contains certain non-GAAP financial measures. These measures include EBITDA and Consolidated EBITDA Margin. Management believes that these non-GAAP financial measures are useful in evaluating operating performance and are regularly used by securities analysts, institutional investors and other interested parties, and that such supplemental measures facilitate comparisons between companies that have different capital and financing structures and/or tax rates. However, the reader is cautioned that any non-GAAP financial measures provided by the Company are provided in addition to, and not as alternatives for, the Company's reported results prepared in accordance with GAAP. Items that may have a significant impact on the Company's financial position, results of operations and cash flows must be considered when assessing the Company's actual financial condition and performance regardless of whether these items are included in non-GAAP financial measures. The methods used by the Company to calculate its non-GAAP financial measures may differ significantly from methods used by other companies to compute similar measures. As a result, any non-GAAP financial measures provided by the Company may not be comparable to similar measures provided by other companies.

The information set forth is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition" and shall not be deemed "filed" for purpose of Section 18 of the Securities Exchange Act of 1934, nor shall the information, including the Exhibit, be deemed incorporated by reference in any filing of the Company, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits. The following exhibits are attached hereto and furnished herewith:

Exhibit Description Number 99.1 Press Release of the Company, dated August 1, 2014


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Source: Edgar Glimpses

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