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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Knife River (KNF) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

What Makes Knife River (KNF) a Good Fit for 'Trend Investing'

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) (the “Company” or “Knife River”) announced today the pricing of the previously announced secondary public offering (the “Offering”) of 5,142,383 shares of its common stock (the “KNF Shares”) currently owned by MDU Resources Group, Inc., the Company's former parent (“MDU Resources”). The KNF Shares will be offered at a public offering price of $54.00 per share. Knife River is not selling any shares of common stock and will not.

Knife River Corporation Announces Pricing of Secondary Offering of Common Stock

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) (the “Company” or “Knife River”) announced today the launch of a secondary public offering (the “Offering”) of 5,142,383 shares of its common stock (the “KNF Shares”) currently owned by MDU Resources Group, Inc., the Company's former parent (“MDU Resources”). Knife River is not selling any shares of common stock and will not receive any proceeds from the sale of the KNF Shares in the Offering or from the debt-for-equity exchan.

Knife River Corporation Announces Launch of Secondary Offering of Common Stock

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, 2023. Third Quarter Financial Highlights (In millions, except per share) 2023 2022 %Change Revenue $1,090.4 $975.4 12% Gross profit $269.4 $184.5 46% Net income $146.7 $99.7 47%         EBITDA $241.4 $172.1 40% EBITDA margin 22.1% 17.6%           Adjusted.

Knife River Corporation Reports Third Quarter Earnings

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 2023 earnings conference call at 10 a.m. EDT Monday, November 6, 2023. 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 Schedules Webcast of Third Quarter 2023 Earnings Conference Call

Knife River (KNF) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Here's Why 'Trend' Investors Would Love Betting on Knife River (KNF)

Knife River Corporation, a spinoff of MDU Resources Group, is a leading provider of crushed stone, sand, and gravel in the US. The company has seen growth in revenue over the past few years, driven by higher volume and pricing for its products. Management is optimistic about future profitability, with plans to increase the EBITDA margin and the potential for increased demand from government infrastructure spending.

Knife River Corporation: An Appealing New Option In The Aggregates Business

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) has named Robert Van Til president of its South Region, which includes aggregate, asphalt, ready-mix concrete and contracting services operations in the Bryan/College Station and Waco markets in Texas. South Region operations also include the Honey Creek quarry, northwest of Austin, Texas. Van Til, a Texas native, begins August 28. He comes to Knife River with a wealth of experience in the construction materials industry, incl.

Knife River Names Robert Van Til President of South Region

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, 2023. Second Quarter Financial Highlights (In millions, except per share) 2023 2022 % Change Revenue $785.2 $711.8 10% Gross profit $153.0 $103.3 48% Net income $56.8 $38.6 47%         EBITDA $125.1 $87.3 43% EBITDA margin 15.9% 12.3%           Adjusted EBITD.

Knife River Corporation Reports Second Quarter Earnings

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 2023 earnings conference call at 10 a.m. EDT Tuesday, August 8, 2023. 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 Schedules Webcast of Second Quarter 2023 Earnings Conference Call

Crane NXT Co

Madison Square Garden Entertainment

Spin-off stocks signify newly independent companies separated from their parent or holding companies. The objective is to execute their unique strategies and capture market opportunities.

Unlock Hidden Potential: The Top 3 Spin-Off Stocks to Watch in 2023

GE HealthCare Technologies Inc

Vitesse Energy Inc

Spinoffs are known for being a mixed bag from an investor's viewpoint. Some of them can unlock the true value of businesses by allowing the spinoff and the parent company to focus on their niches rather than being hampered by underinvestment and undervaluation as part of a bulkier corporation.

Spinoffs Roundup: These Companies Could Unlock Value in 2023

MDU Resources Group

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) successfully completes its spinoff from MDU Resources Group, Inc. (NYSE: MDU); to start trading on the NYSE today.

Knife River Corporation Completes Spinoff from MDU Resources

Bank of Hawaii

NEW YORK , May 25, 2023 /PRNewswire/ -- Knife River Corp. (NYSE: KNF) will be added to the S&P MidCap 400 prior to the open of trading on Thursday, June 1 following its spin-off from S&P MidCap 400 constituent MDU Resources Group Inc. (NYSE: MDU). Effective prior to the open of trading on Friday, June 2, S&P MidCap 400 constituent Bank of Hawaii Corp. (NYSE:BOH) will replace HomeStreet Inc. (NASD:HMST) in the S&P SmallCap 600.

Knife River Set to Join S&P MidCap 400; Bank of Hawaii to Join S&P SmallCap 600

News for Knife River Corp Stock (KNF)