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GRANITE CONSTRUCTION INCORPORATED
REVENUE AND BACKLOG ANALYSIS
( DOLLARS IN THOUSANDS)
BY MARKET SECTOR
REVENUE BACKLOG
THREE MONTHS ENDED
SEPTEMBER 30, VARIANCE SEPTEMBER 30, VARIANCE
2003 2002 AMOUNT PERCENT 2003 2002 AMOUNT PERCENT
---- ---- ------ ------- ---- ---- ------ -------
CONTRACTS
Federal $ 20,535 $ 18,972 $ 1,563 8.2 $ 81,616 $ 89,981 $(8,365) (9.3)
State 241,433 233,109 8,324 3.6 790,556 737,691 52,865 7.2
Local 159,976 177,107 (17,131) (9.7) 850,163 773,050 77,113 10.0
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Total public sector 421,944 429,188 (7,244) (1.7) 1,722,335 1,600,722 121,613 7.6
Private sector 74,725 79,253 (4,528) (5.7) 177,780 142,780 35,000 24.5
AGGREGATE SALES 83,531 75,287 8,244 11.0 -- -- -- --
$580,200 $583,728 $ (3,528) (0.6) $1,900,115 $1,743,502 $156,613 9.0
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BY GEOGRAPHIC AREA
REVENUE BACKLOG
THREE MONTHS ENDED
SEPTEMBER 30, VARIANCE SEPTEMBER 30, VARIANCE
2003 2002 AMOUNT PERCENT 2003 2002 AMOUNT PERCENT
---- ---- ------ ------- ---- ---- ------ -------
CALIFORNIA $218,247 $254,273 $ (36,026) (14.2) $ 311,264 $ 308,185 $ 3,079 1.0
WEST (EXCL. CA) 205,412 219,138 (13,726) (6.3) 310,053 496,460 (186,407) (37.5)
MIDWEST 20,313 19,507 806 4.1 44,703 106,743 (62,040) (58.1)
NORTHEAST 38,825 25,045 13,780 55.0 561,494 257,605 303,889 --
SOUTH 97,403 65,765 31,638 48.1 672,601 574,509 98,092 17.1
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$580,200 $583,728 $ (3,528) (0.6) $1,900,115 $1,743,502 $ 156,613 9.0
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