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Granite reports Q4 and fiscal 2011 results

Tina Grady Barbaccia

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2011 was $0.48 compared to a loss per share of $(1.32) in the prior year period. Included in the fourth quarter of 2010 were restructuring charges of $107 million associated with the company's Enterpr compared to a net loss of $50 million for the fourth quarter of 2010. Diluted EPS for the quarter ended December 31 compared to a net loss of $59 million the prior year. Diluted earnings per share (EPS) for the year was $1.31 compared to a loss per share of $(1.56) in 2010. For the fourth quarter of 2011 construction material costs Granite Construction Inc. has reported a net income of $51 million for the full year 2011 Granite reported a net income of $19 million James H. Roberts Granite president and chief executive officer

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