What trends can investors expect from GVA's earnings in 2025?

**Granite Construction's earnings in 2025 are poised for growth**, and investors can expect the following trends:

1. **Revenue and Profitability Increase**: Granite Construction is expected to build upon its recent success, with revenue anticipated to grow further. The company's adjusted earnings per share (EPS) and revenue estimates for fiscal 2025 indicate a positive outlook, reflecting enhanced profitability.
2. **Strong Cash Flow and Operational Efficiency**: The company's cash flow has already seen a significant increase, with operating cash flow rising by 148% to $456 million for the year ending 2024. This trend is likely to continue, supporting the company's expansion plans and returning value to shareholders.
3. **Strategic Investments and M&A Activity**: Granite Construction plans to invest strategically and pursue mergers and acquisitions to grow its business in 2025. The company aims to strengthen its Western and Southeastern footprints by completing two or three deals annually.
4. **Regional Expansion and Market Penetration**: The company's focus on expanding its Western and Southeastern regions is expected to yield results in 2025, leading to increased market share and revenue growth.
5. **Financial Health and Margin Improvement**: Granite Construction has improved its cash gross profit margin to 21.4% for the full year, up by 240 basis points year-over-year. This improvement in margins is a positive indicator of the company's financial health and its ability to generate higher profits from its operations.
6. **Earnings Guidance and Analyst Confidence**: The company's 2025 revenue guidance suggests a continued upward trajectory, with expectations of growing to a significant amount. Analysts' expectations for earnings and revenue indicate confidence in Granite Construction's ability to perform well in 2025.

Overall, investors can anticipate that Granite Construction's earnings in 2025 will be marked by continued growth, improved profitability, and strategic expansions, which should support positive returns for investors.