us you morning you Lisa everyone. good joining want to for thank today. all thank Well, and I
our review to on will I discuss markets call touch to group. infrastructure businesses. I our market-focused made to to first progress Before our Civil capitalizing Jigisha on how businesses want in detail, I results the end are well-funded hand Heavy remaining operating in core challenges our grow also and
want accomplishments both As and strong some core we to value that and acknowledge evolving reflect also of the the culture. positive I started, values strength of Granite's get Granite's
and Work For is the to a great recognized second based certification to by feedback. Place been a year, work. developed place certified consecutive rigorous that data-driven employee on has Granite is methodology This as Great validated
a proud begins be Granite place people. the to to as very employees. our our powerful our most with work again have once great certified one at as are Everything is We we with partnership
our of also employees approaching care the another new record that for history and the year lowest reach deeply with improving again in safety We and appreciate are can recognize continuously once our is company. year-to-date another, tracking the one of showing at rate employees safety XXXX incident taking when heights we performance. Granite our rapidly
helping dramatically, the results safety just improved reach best in Even our industry businesses more year's standards year we a last performance portion this these where include acquired has time. of impressive, company over
has hours very second place Civil over Excellence first Granite consecutive Associated this that Contractor Heavy won highway Awards. for California's We are at the Safety million recognized category to been This Construction also year proud prestigious in three award. the that we for General worker announce of the is
and perspectives new and reflects a innovation. who President want Granite's that of welcome our diverse to accretive These I belief support teams recently I Jorge are our Quezada outcomes and positive position to also Vice backgrounds, joined to as guiding And work. This Inclusion. company. experiences us to Granite. we enhance creativity want safe their Diversity congratulate for Jorge commitment reflect as
are work will and the success. that of We evolution contributor be Jorge's to culture an future important Granite's confident
third Moving trend foreseeable to positive will trend profitability is trends. and cash fuel divergent future for performance improved view reflect with to very this our strong flow markets. One Granite's quarter in in results beyond. operational the up anticipate XXXX healthy performance. our We now and core operational
In group Heavy strategic coming operating heels Civil off review. of challenged, be continues contrast, the our to particularly our
on in in risk large build are we balance the price of this performance business. we laser design turning wrestling fixed is that not While alone pervasive are the the and on industry focused projects, around with
our level rightsize operating this Civil complete, not trend. group decisive now the this business action This an are reverse the With business of our strategic acceptable overall with and review at to is Heavy we taking will immediate actions organization.
by Heavy our and opportunities our in XX-year led has effort focused operating veteran operations Granite group headed be XXXX. group Dave's risks of who on Richards, Civil Heavy successful immediate is highly since now operating assessing will portfolio. Northwest Civil Dave Management our
operational assessments considerations forecast extensive incremental scrutiny, in assessment, and He scale additional set. strategic opportunity potential lead of and in charge fundamentals of will bid review projects team our his and of the
group more power businesses. responsibilities at include over divisions. and Granite oversight resulted in has of in Construction group federal two-decade leads California and a proven and than leadership in of all the His Kyle areas our the strong Northwest XXXX, vertically Materials of and group, career the California today who performance record Larkin, tunnel took integrated consistent operations. Kyle's
into operational align will opportunities using operating and effort with from proven businesses it Granite consistent, drive Kyle approach our time, alignment scale portfolio results. our same through operational integrated be of entire the of strategic to lead with playbook. tools and processes profitable some and Granite's teams all the take how to Though will we Dave the will capabilities
improved successful key and results experience align our is We practices in drive Construction using leadership believe and operations to model. Materials their integrated and our proven followed vertically
plagued we have us of that ago, Civil time. more review for of have this mitigated Heavy some the two into Our than highlighted business business changes the part fully our strategic that introduced challenges years not
Granite's mindful to must be portfolio, value opportunities at balance While that scale in we significant capabilities and these existing with projects our believe we alignment have strategic in resources.
some strategic owner narrowing in real Our focus geographic resulted related market very practical including considerations. our has and review a of
large We New share have existing clients and currently And value lack risk. where as contracting while builders primary mitigate avoidance to risk and to York Granite taking design current do capture future dispute ceased strategic resolution allow competitive, and appropriately. is to for that are jobs a build clients not our we processes markets in and methods opportunities, focus advantages bidding enhance in action dispute such
reduction where build group, XP and risk $X $XXX primarily below projects targeting projects; or limiting fixed no scoped years reduced project estimating elimination than pure Granite We overlaid and also geographic an project XX% we've which scope finally, billion four work project parameters of price company implemented have refined more design include: of of for targeting limitation to below has project alignment revenue. Civil or million; regional the risk of footprints established to our and and mitigation Heavy overall reduction duration and we're approach presence; less; intentional pricing; to
be its performance scale. our risk again has a Granite future nearly by history projects profitable balancing century-long of and written will at success consistently resources, component believe and consistent key we on opportunities
We and industry disputes partners having put, framework acting and this anticipated good projects. not resolution of And timely. on work. not our unfortunately, in believe this to are risk and not projects we on owners does existing not could the faith Simply the are changes into have they price scale of for incremental
to of third demands beyond costs well due contracts. disputed most have on unanticipated the the of Civil couple to of at these entered costs project grown owner for reasonable In were the respond to time and quarter past job. years, Heavy increased the expectation The the we any many into issues contract
project of The with successful gap of In disputed between compensation widening. revenue and many cost and is cases translated withheld milestones. projects this has work into ever recognition despite completion associated
cover with are the owners, significantly -- recover the pursuing We revenue process. claim to recognition claims lags vigorously cost to reclaim but the process
of in share our most claim with This due and the things be losses is One misalignment to process which the dispute resolution. between opportunities the shortly conservative area we carries this project timing hope over unfortunate and proves with outlook for revenues which of also you to amplifies to costs. Jigisha will the business how
Jigisha positive spend couple allowed trends minutes the our a to more talking the hand I to earnings that in me with generate quarter. the before Now, results, us let about call
quarter Strong long-term positive The backlog the the strongest and business third by sunshine growth yielding profitability. performance decade. our in in our and vertically integrated combined to in successful a fuel outlook for a recipe over environment well continues
remains demand West, incremental California, across end Granite as market activity and broad-based strong markets, across Most are supporting public funding solid the geographies in trends key and and geographies Midwest. investment the importantly, private
with of quarters up and billion $X activity the target CAP, we year. million. about third of billion more bidding or a over three XX% from $XXX project Projects with range least We well per in continue $X.X sizes Committed to quarter, finished $X than of billion last Through month or project below at Awarded
must shorter Heavy composition dollars opportunities to of and Civil organization. performance result Today, years, over has we diversification of the entire of distraction our improve is expected the backlog flow our reduce risk reduction duration a understand group few strategy. lower With a recurring on the and of value shifting stepped-up billions contracts we that underperformance operational steady created next value-creating
outlook. to discuss Jigisha? the to and I with Jigisha now And results will turn that, call over our financial our
