Granite Corporation (NYSE: GVA) reported its financial results for the quarter ending on June 30, 2026. The company disclosed a net loss attributed to Granite of $278 million, which translates to $(6.36) per diluted share. This stands in contrast to the previous year's same quarter, where Granite reported a net income of $72 million, or $1.42 per diluted share. The significant net loss was primarily influenced by a $360 million non-operating loss related to convertible debt transactions linked to Granite's 3.75% convertible notes.