WATSONVILLE, Calif., 2月14日 /PRNewswire-FirstCall/ -- Granite建设合并 (NYSE: GVA) today announced financial results forthe fourth quarter and full year ended 二六年十二月三十一日. Revenue for thequarter totaled 7.152亿美元 compared with 6.796亿美元 for the fourthquarter ended 二五年十二月三十一日. Revenue for the year totaled 29.6亿美元compared with 26.4亿美元 in 2005.

The 公司 reported net income for the quarter of 060万美元, or 0.02美元per diluted share, including 1800万美元 for a write down of goodwillrelated to the Heavy 建设 Division’s Granite Northeast operation. Ona pro forma non-GAAP basis, excluding this goodwill charge and the related taxbenefits, net income for the fourth quarter 2006 was 1160万美元, or 0.28美元per diluted share, compared with 3580万美元, or 0.86美元 per diluted share forthe same period last year. Pro forma non-GAAP net income for fiscal year 2006was 8920万美元, or 2.15美元 per diluted share, compared with 8320万美元, or2.02美元 per diluted share in the prior year.

下表将GAAP净收入与形式非GAAP基础上的净收入进行了比较（以千为单位）：

                               Three months ended          Years ended                                  December 31,             December 31,                                2006        2005         2006        2005    GAAP net income              $628     $35,812      $78,220     $83,150    Goodwill impairment     charge                    18,011          --       18,011          --    Tax benefit of goodwill     impairment charge         (7,006)         --       (7,006)         --    Non-GAAP net income       $11,633     $35,812      $89,225     $83,150    Non-GAAP diluted     earnings per share          0.28        0.86         2.15        2.02

“我很高兴地向大家报告，2006年是分公司又一个破纪录的年份，”总裁兼首席执行官William G. Dorey说。 “我为我们的团队今年在建筑和骨料业务方面所取得的成就感到非常自豪。 多亏了西部的温和天气，我们才得以在这个季节工作到很晚，并为这一年画上了一个圆满的句号。 更重要的是，我们成功地利用了我们认为有史以来最好的建筑市场之一。”

“不幸的是，我们HCD的第四季度和2006年全年财务业绩远远低于我们的预期。 正如我们今天发布的运营调整公告所概述的那样，我们正在对运营结构进行关键的战略变革，这将使我们能够更有效地管理我们大型、复杂的项目，并从中获利。 我们致力于在这项业务的各个方面加倍努力，以便我们能够成功地抓住这项工作的利润潜力。”

He added, "As our financial results reflect, we are writing down the 1800万美元 of goodwill from the 2001 acquisition of 纽约哈尔玛建筑公司 While our performance to date does not support our original investment,we remain confident in our new management team and believe that the 纽约market will continue to present profitable opportunities for us goingforward."

经营业绩-季度和年初至今

2006年第四季度，总毛利占收入的百分比从去年同期的15.6%下降到7.2%。

Other income for the quarter ended 二六年十二月三十一日 was positivelyimpacted primarily by interest income which increased 260万至740万美元 as a result of higher average yield on a higher level of interest-bearing investments.

Total gross profit as a percent of revenue for the year ended 2006年12月31日 decreased to 9.8% compared with 12.1% last year. Operating income forthe year decreased to 8330万美元 compared with 1.349亿美元 for the sameperiod in 2005. Total company backlog at 二六年十二月三十一日 was essentiallyflat at 23亿美元.

分段结果

Branch Division revenue for the quarter totaled 4.723亿美元, anincrease of 7040万美元 or 18% over the same period in 2005. Backlog forthe Branch Division increased to 8.076亿美元 compared with 7.283亿美元for the fourth quarter 2005. 2006年第四季度毛利润占收入的百分比从2005年第四季度的19.1%增加到21.6%，这是由于我们建筑工作的盈利能力和建筑材料的销售达到了创纪录的水平。 Branch Division operating incomeincreased 2750万美元 for the quarter to a record 7940万美元 comparedwith 5180万美元 for the fourth quarter last year. The increase includesapproximately 480万美元 for the partial reversal of a previously recordedlegal provision related to settlement of a civil lawsuit in 内华达.

For the year ended 二六年十二月三十一日, Branch Division revenue totaled 18亿美元 compared with 16亿美元 for the same period last year. Grossprofit as a percent of revenue for the year ended 二六年十二月三十一日 increasedto 19.7% compared with 16.0% last year. Operating income for the divisionincreased to a record 2.645亿美元 for the same period compared with 1.537亿美元 in 2005.

HCD revenue for the quarter totaled 2.426亿美元 versus 2.607亿美元for the same period last year. HCD backlog decreased to 14亿美元 comparedwith 16亿美元 as of year end 2005. 毛利率占收入的比例为亏损21.0%，而上一季度为盈利6.8%。 Thisdecrease reflects a net reduction in gross profit of approximately 7000万美元 resulting from changes in estimates of project profitability comparedwith a net increase of 150万美元 from such changes in the fourth quarterlast year. Largely as a product of these estimate changes in the fourthquarter 2006, operating loss for HCD totaled 7650万美元 compared withoperating income of 430万美元 for the same period in 2005.

The two largest downward forecast adjustments affecting the fourth quarterwere on the State Route 22 Design-Build project in 南加州 and theUS-20 Design-Build project in 俄勒冈州. 公司相信，这两个项目的额外收入有强有力的合同支持，并希望通过与业主谈判收回这些成本。但是，不能保证恢复，也没有额外的收入确认反映在我们的财务业绩中。

For the year ended 二六年十二月三十一日, HCD revenue totaled 11亿美元compared with 10亿美元 for the same period last year. Gross margin as apercent of revenue for the year ended 二六年十二月三十一日 was a loss of 8.5%compared with a profit of 4.9% last year. Operating loss for HCD totaled1.426亿美元 in 2006 compared with operating income of 1250万美元 in2005.

商业前景

分公司2007年的前景非常乐观。 在健康的资金水平和强劲的当地经济的推动下，这些分支机构继续经历着多年来他们所见过的最好的公共部门建筑市场之一。 由于公共和私营部门对骨料的需求依然强劲，预计2007年建筑材料的定价将保持健康。

该公司目前预计HCD将在2007年实现收支平衡，随后随着现有积压的订单被处理掉，以及组织重组的好处得以实现，营业利润率将恢复到可接受的水平。

财务业绩

本公告中的财务信息反映了公司以完成年度审计为前提的初步结果。 Auditedfinancial results will appear in Granite’s Form 10-K, which will be filed onor before 二零零七年三月一日.

非公认会计准则财务数据的使用

In addition, to supplement the GAAP financial information, we haveprovided non-GAAP net income and earnings per share information that excludethe 1800万美元 (1100万美元 net of tax) non-cash write down of goodwill.The goodwill impairment was primarily due to our recent reevaluation of ourstrategy in 纽约, which was largely driven by continuing losses. 我们之所以提供这些信息，是因为我们认为这样做可以将我们的持续经营业绩与历史业绩进行更有意义和一致的比较。 今天发布的新闻稿中包含了一个表，用于协调GAAP财务信息和非GAAP信息。

电话会议

Granite will conduct a conference call today at 太平洋时间下午2:30/ 美国东部时间下午5:30to discuss its financial results and organizational realignment. Theconference call will be webcast live and can be accessed at/investor-relations. The live conferencecall may also be accessed by calling (877) 864-2735 in the U.S. and 加拿大 and(706) 634-7039 for international listeners. A replay will be availableapproximately two hours after the live call through 3月2日星期五 bycalling (800) 642-1687 or (706) 645-9291. 现场通话和重播的会议ID都是6555946。

公司描述

十大博彩正规平台是标准普尔400中型股指数、多米尼400社会指数和罗素2000指数的成份股，是美国最大的多元化重型民用承包商和建筑材料生产商之一。 十大博彩正规平台通过其遍布全国的办事处为公共和私营部门客户提供服务。 Granite连续第四年入选《财富》100家最适合工作的公司。 For more information about the company, please visit their websiteat www.zkyk.net.

本新闻稿包含《1933年证券法》（经修订）第27A条和《1934年证券交易法》（经修订）第21E条所指的前瞻性陈述，这些陈述代表了我们管理层对未来事件的信念和假设，例如与公司未来业绩存在投标机会和经济条件相关的陈述。 此外，前瞻性陈述包括可以通过使用前瞻性术语，如“相信”、“预期”、“出现”、“可能”、“将”、“应该”、“寻找”或“预期”，或其否定或类似术语，或通过战略讨论来识别的陈述。 所有此类前瞻性陈述均受风险和不确定性的影响，这些风险和不确定性可能导致运营、财务状况和其他事件的实际结果，以及这些事件发生的时间，与此类前瞻性陈述中明示或暗示的内容存在重大差异。 具体的风险因素包括，但不限于，适用的联邦和州立法拨款委员会组成的变化； 联邦和州对基础设施支出的拨款变化； 经济状况：经济的总体状况； 工作效率；项目估算的准确性； 天气条件; 竞争和价格压力； 以及各州的公民投票和倡议。 您不应不相信这些前瞻性陈述，这些陈述仅在本新闻稿发布之日起发表。 您还应了解，除了本新闻稿中讨论、提及或引用的因素外，许多重要因素可能导致我们的结果与前瞻性陈述中表达的结果存在重大差异。 鉴于这些风险和不确定性，重要的是要意识到本新闻稿中讨论的前瞻性事件可能不会发生。 我们没有义务公开修订和更新任何前瞻性陈述，以使其符合实际结果或公司预期的变化。

For further information regarding risks and uncertainties associated withGranite’s business, please refer to the "Management’s Discussion and Analysisof Financial Condition and Results of Operation" and "Risk Factors" sectionsof Granite’s SEC filings, including, but not limited to, its annual report onForm 10-K and quarterly reports on Form 10-Q, copies of which may be obtainedby contacting Granite’s investor relations department at (831) 724-1011 or atGranite’s website at /.

                       GRANITE CONSTRUCTION INCORPORATED                        COMPARATIVE FINANCIAL SUMMARY              (Unaudited - In Thousands, Except Per Share Data)                             Three Months Ended                                December 31,                  Variance    Operations                2006         2005       Amount      Percent    Revenue      建设        $608,624     $583,831      $24,793          4.2      Material sales      $106,603      $95,721      $10,882         11.4        Total revenue     $715,227     $679,552      $35,675          5.2    Cost of revenue      建设        $581,661     $501,690     $(79,971)       (15.9)      Material sales       $82,423      $71,838     $(10,585)       (14.7)        Total cost of         revenue          $664,084     $573,528     $(90,556)       (15.8)      Gross profit         $51,143     $106,024     $(54,881)       (51.8)        Gross profit as a         percent of         revenue              7.2%        15.6%        (8.4%)          --    General and     administrative     expenses              $48,530      $53,767       $5,237          9.7      G&A expenses as a       percent of       revenue                6.8%         7.9%         1.1%           --    Provision for legal     judgment              $(4,800)          --       $4,800           --    Impairment of     goodwill              $18,011           --     $(18,011)          --    Gain on sales of     property and     equipment                $891       $3,579      $(2,688)       (75.1)    Other income (expense)      Interest income       $7,380       $4,753       $2,627         55.3      Interest expense       $(387)     $(1,531)      $1,144         74.7      Equity in income       of affiliates          $636       $1,489        $(853)       (57.3)      Other, net             $(96)       $1,806      $(1,902)        ****        Total other         income             $7,533       $6,517       $1,016         15.6    Income (loss) before     provision for     (benefit from)     income taxes and     minority interest     $(2,174)     $62,353     $(64,527)        ****    Minority interest         $951      $(8,447)      $9,398         ****    Net income                $628      $35,812     $(35,184)       (98.2)    Net income per share:      Basic                  0.02美元        $0.88       $(0.86)       (97.7)      Diluted                0.02美元        0.86美元       $(0.84)       (97.7)    Weighted average     shares of common     stock:      Basic                 40,935       40,676          259          0.6      Diluted               41,581       41,417          164          0.4                              Year Ended                              December 31,                 Variance    Operations             2006          2005         Amount      Percent    Revenue      建设      $2,554,745   $2,307,062     $247,683         10.7      Material sales      $410,159     $334,290      $75,869         22.7        Total revenue   $2,964,904   $2,641,352     $323,552         12.2    Cost of revenue      建设      $2,361,155   $2,060,680    $(300,475)       (14.6)      Material sales      $313,329     $261,300     $(52,029)       (19.9)        Total cost of         revenue        $2,674,484   $2,321,980    $(352,504)       (15.2)    Gross profit          $290,420     $319,372     $(28,952)        (9.1)      Gross profit as       a percent of       revenue                9.8%        12.1%        (2.3%)          --    General and     administrative     expenses             $204,281     $183,392     $(20,889)       (11.4)      G&A expenses       as a percent       of revenue             6.9%         6.9%           --           --    Provision for     legal judgment        $(4,800)      $9,300      $14,100         ****    Impairment of     goodwill              $18,011           --     $(18,011)          --    Gain on sales of     property and     equipment             $10,408       $8,235       $2,173         26.4    Other income     (expense)      Interest income      $24,112      $11,573      $12,539         ****      Interest expense     $(4,492)     $(6,932)      $2,440         35.2      Equity in income       of affiliates        $2,157       $1,497         $660         44.1      Other, net            $2,604       $1,258       $1,346         ****        Total other         income            $24,381       $7,396      $16,985         ****    Income (loss)     before provision     for (benefit from)     income taxes and     minority interest    $107,717     $142,311     $(34,594)       (24.3)    Minority interest       $7,720     $(17,748)     $25,468         ****    Net income             $78,220      $83,150      $(4,930)        (5.9)    Net income per share:      Basic                  $1.91        $2.05       $(0.14)        (6.8)      Diluted                $1.89        2.02美元       $(0.13)        (6.4)    Weighted average     shares of common     stock:      Basic                 40,874       40,614          260          0.6      Diluted               41,471       41,249          222          0.5    **** Represents percentages greater than 100%                      GRANITE CONSTRUCTION INCORPORATED                    CONDENSED CONSOLIDATED BALANCE SHEETS         (Unaudited - In thousands, except share and per share data)                                                 December 31,     December 31,                                                    2006              2005                                      Assets    Current assets       Cash and cash equivalents                  $204,893          $199,881       Short-term marketable securities            141,037            68,540       Accounts receivable, net                    492,229           476,453       Costs and estimated earnings in        excess of billings                          15,797            43,660       Inventories                                  41,529            33,161       Real estate held for sale                    55,888            46,889       Deferred income taxes                        38,237            22,996       Equity in construction joint        ventures                                    31,912            27,408       Other current assets                         63,144            57,960           Total current assets                  1,084,666           976,948    Property and equipment, net                    429,966           397,111    Long-term marketable securities                 48,948            32,960    Investment in affiliates                        21,471            15,855    Other assets                                    50,798            49,356                 Total assets                   $1,635,849        $1,472,230    Liabilities and Shareholders’ Equity    Current liabilities       Current maturities of long-term        debt                                       $28,660           $26,888       Accounts payable                            257,612           232,807       比林斯 in excess of costs and        estimated earnings                         292,543           208,883       Accrued expenses and other current        liabilities                                189,928           140,569           Total current liabilities               768,743           609,147    Long-term debt                                  78,576           124,415    Other long-term liabilities                     58,419            46,556    Deferred income taxes                           22,324            37,325    Minority interest in consolidated     subsidiaries                                   15,532            33,227    Shareholders’ equity       Preferred stock, 0.01美元 par value,        authorized          3,000,000 shares; none           outstanding                                  --                --       Common stock, 0.01美元 par value,        authorized 150,000,000       shares in 2006 and 100,000,000        shares in 2005;          issued and outstanding           41,833,559 shares in          2006 and 41,682,010 shares in           2005                                        418               417       Additional paid-in capital                   78,620            80,619       Retained earnings                           610,586           549,101       Accumulated other comprehensive        income                                       2,631             1,602       Unearned compensation                            --           (10,179)           Total shareholders’ equity              692,255           621,560                 Total liabilities and                  shareholders’ equity          $1,635,849        $1,472,230                                                 December 31,     December 31,    Financial Position                              2006               2005       Working capital                            $315,923          $367,801       Current ratio                                  1.41              1.60       Debt to total capitalization                   0.13              0.20       Total liabilities to equity ratio              1.36              1.37                      GRANITE CONSTRUCTION INCORPORATED                         REVENUE AND BACKLOG ANALYSIS                      (Unaudited - Dollars In Thousands)                                 BY MARKET SECTOR                                                   Revenue                                Year Ended December 31,          Variance                                 2006            2005         Amount  Percent      Public Sector           $2,021,301      $1,808,026     $213,275  11.8      Private Sector             533,444         499,036       34,408   6.9      总 sales            410,159         334,290       75,869  22.7                              $2,964,904      $2,641,352     $323,552  12.2                                                    Backlog                                     December 31,                 Variance                                 2006            2005          Amount  Percent      Public Sector           $2,066,950      $2,083,824      $(16,874)  (0.8)      Private Sector             189,037         247,716       (58,679) (23.7)                              $2,255,987      $2,331,540      $(75,553)  (3.2)                                BY GEOGRAPHIC AREA                                                   Revenue                                      Year Ended December 31,     Variance                                         2006        2005      Amount  Percent      加州                      $1,294,323  $1,028,041  $266,282   25.9      West (Excl. CA)                    866,092     788,682    77,410    9.8      Midwest                             58,726      92,931   (34,205) (36.8)      Northeast                          281,552     324,477   (42,925) (13.2)      Southeast                          244,233     176,088    68,145   38.7      South                              219,978     231,133   (11,155)  (4.8)                                      $2,964,904  $2,641,352  $323,552   12.2                                                     Backlog                                           December 31,          Variance                                         2006        2005      Amount  Percent       加州                       $559,169    $598,914  $(39,745)  (6.6)       West (Excl. CA)                   516,614     585,269   (68,655) (11.7)       Midwest                           443,909      76,464   367,445   ****       Northeast                         248,605     491,944  (243,339) (49.5)       Southeast                         272,881     224,549    48,332   21.5       South                             214,809     354,400  (139,591) (39.4)                                      $2,255,987  $2,331,540  $(75,553)  (3.2)     **** Represents percentages greater than 100%

源 十大博彩正规平台公司