Dive Brief:

• Granite Construction CEO James H. Roberts says the company is on track and had a 2013 revenue of $2.3 billion, even though it lost $29.8 million in the last quarter of the year.
• Revenue for that quarter was up 18.5%, and the year was 8.8% higher than 2012, but the national contractor began a restructuring plan in 2010, including shedding 13% of the workforce. It took until the end of 2013 to finish the plan and absorb the last of the expense.
• Granite reported it was sitting on a backlog of $2.5 billion in work on Dec. 31, part of it because Granite is part of a consortium contracted to build the new Tappan Zee Bridge over the Hudson River north of New York City.

Dive Insight:

At this point, Granite has 2,000 salaried employees across the organization, and Roberts said the slimmed-down company plans top bid on $13 billion worth of projects this year. Part of the revenue gain last year, Roberts said, was from acquiring Kenny Construction, a deal announced in 2012.