Knife River Corp

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Knife River Corp reports record revenue in Q1 2024, eyes growth through strategic initiatives

Knife River Corp's Q1 2024 showcased strong revenue growth but faced profitability challenges due to increased expenses. Strategic initiatives like the Competitive EDGE plan and acquisitions signal a focus on margin improvement and market expansion, positioning the company for a promising year ahead.

Knife River Corp achieves record Q2 earnings, eyes strategic growth

Knife River Corp's Q2 2024 performance reflects strong revenue growth, margin improvement, and operational efficiency gains, surpassing key financial targets.
The company's Competitive EDGE plan and strategic initiatives have bolstered its market position, driving increased demand and securing higher-margin contracts.
While challenges in maintaining pricing momentum and achieving targeted margins exist, Knife River Corp's focus on acquisitions and growth initiatives presents promising opportunities for expansion and market leadership.

Knife River Corp reports record Q3 earnings and strategic acquisitions

Knife River Corp's Q3 2024 earnings call highlighted robust financial results, driven by record revenue and profitability.
Strategic acquisitions and a focus on quality work and pricing optimization position the company for long-term growth.
While facing challenges in the Energy Services segment, Knife River remains proactive in addressing industry dynamics and pursuing opportunities.

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Knife River Corp. engages in the mines aggregates and markets crushed stone, sand, gravel, and related construction materials. It operates through the following segments: Pacific, Northwest, Mountain, Central, Energy Services, and Corporate Services. Its products include ready-mix concrete, asphalt and other value-added products. The company was founded in 1917 and is headquartered in Bismarck, ND.

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has entered into a definitive agreement to acquire Strata Corporation, a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata's projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits. Founded in 1910, Strata is an aggregates-based, vertically integrated company with over 75 aggre.

Knife River Enters Definitive Agreement to Acquire Strata Corporation

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that Glenn R. Pladsen has been named Vice President and Chief Excellence Officer, tasked with leading core elements of the company's “Competitive EDGE” strategy for long-term, profitable growth. The position takes effect Jan. 1, 2025. “EDGE” stands for EBITDA Margin Improvement, Discipline, Growth and Excellence. The “Excellence” pillar of EDGE helps support each of the other key initiatives. In his current rol.

Knife River Names Pladsen Vice President and Chief Excellence Officer

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Knife River Corporation (NYSE:KNF ) Q3 2024 Earnings Conference Call November 4, 2024 11:00 AM ET Company Participants Nathan Ring - CFO Brian Gray - President & CEO Conference Call Participants Kathryn Thompson - Thompson Research Trey Grooms - Stephens Garik Shmois - Loop Capital Ian Zaffino - Oppenheimer Sherif El-Sabbahy - Bank of America Merrill Lynch Chris Ellinghaus - Siebert Williams Shank John Ramirez - D.A. Davidson Operator Good morning, ladies and gentlemen, and welcome to the Knife River Corporation Third Quarter Results Conference Call.

Knife River Corporation (KNF) Q3 2024 Earnings Call Transcript

Knife River (KNF) came out with quarterly earnings of $2.60 per share, missing the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.58 per share a year ago.

Knife River (KNF) Lags Q3 Earnings and Revenue Estimates

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, today announced financial results for the third quarter ended September 30, 2024. PERFORMANCE SUMMARY     Three Months Ended   Nine Months Ended (In millions, except per share) 2024 2023 % Change   2024 2023 % Change Revenue $1,105.3 $1,090.4 1%   $2,241.8 $2,183.5 3% Gross profit $273.0 $269.4 1%   $455.7 $426.5 7% Net income $1.

Knife River Corporation Reports Third Quarter Financial Results

Knife River (KNF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Knife River (KNF) Reports Next Week: Wall Street Expects Earnings Growth

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its third quarter 2024 earnings conference call at 11 a.m. EST Monday, November 4, 2024. Financial results for the quarter will be released that morning before the NYSE market opens. A live webcast of the call, along with presentation slides, will be available in the Investors section of the Knife River website at inves.

Knife River Corporation Announces Third Quarter 2024 Results Conference Call

Knife River (KNF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Knife River (KNF) Upgraded to Buy: Here's What You Should Know

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Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of Knife River (KNF) and James Hardie (JHX). But which of these two stocks offers value investors a better bang for their buck right now?

KNF vs. JHX: Which Stock Is the Better Value Option?

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Knife River Corporation (NYSE:KNF ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Nathan Ring - Chief Financial Officer Brian Gray - President & Chief Executive Officer Conference Call Participants Brent Thielman - D.A. Davidson Trey Grooms - Stephens Inc. Kathryn Thompson - Thompson Research Group Timna Tanners - Wolfe Research Garik Shmois - Loop Capital Market Ian Zaffino – Oppenheimer Operator Good morning, ladies and gentlemen, and welcome to Knife River Second Quarter Results Conference Call.

Knife River Corporation (KNF) Q2 2024 Earnings Call Transcript

Knife River (KNF) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1 per share a year ago.

Knife River (KNF) Q2 Earnings and Revenues Beat Estimates

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, today announced financial results for the second quarter ended June 30, 2024. PERFORMANCE SUMMARY   Second Quarter (In millions, except per share)   2024     2023   % Change Revenue $ 806.9   $ 785.2   3 % Gross profit $ 176.2   $ 153.0   15 % Net income $ 77.9   $ 56.8   37 % Net income margin   9.7 %   7.2 %   Trailing-twelve-m.

Knife River Corporation Reports Second Quarter Financial Results

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its second quarter 2024 earnings conference call at 10 a.m. EDT Tuesday, Aug. 6, 2024. Financial results for the quarter will be released that morning before the NYSE market opens. A live webcast of the call, along with presentation slides, will be available in the Investors section of the Knife River website at investo.

Knife River Corporation Announces Second Quarter 2024 Results Conference Call

Knife River Corporation shares have surged 40.7% since October 2023, outperforming the S&P 500. Company's revenue and profitability have shown growth, with optimism from management for the future. Despite some challenges, Knife River Corporation remains undervalued compared to similar firms, with strong potential for growth due to population and construction trends.

Knife River Corporation: Squeezing Value From Stone

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that Patricia Chiodo has been appointed to the company's board of directors. Chiodo has extensive financial expertise and will serve on the board's Audit and Compensation committees. Until her retirement in 2022, she was chief financial officer of Verra Mobility Corporation. Prior to that, Chiodo was chief financial officer of RSC Holdings, a renter of construction and industrial equipment. She currently serves.

Patricia Chiodo Appointed to Knife River Corporation Board of Directors

Investors looking for stocks in the Building Products - Miscellaneous sector might want to consider either Knife River (KNF) or James Hardie (JHX). But which of these two companies is the best option for those looking for undervalued stocks?

KNF vs. JHX: Which Stock Should Value Investors Buy Now?

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Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of Knife River (KNF) and James Hardie (JHX). But which of these two stocks presents investors with the better value opportunity right now?

KNF or JHX: Which Is the Better Value Stock Right Now?

Knife River (KNF) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Knife River (KNF) Loses -14.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Knife River (KNF) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -9.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Knife River (KNF)

After losing some value lately, a hammer chart pattern has been formed for Knife River (KNF), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Knife River (KNF) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

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