Knife River Earnings Reports

Knife River Corporation achieved record Q4 revenue of $657.2 million, driven by price increases in aggregates, ready-mix, and asphalt. Net income grew 12% to $23.3 million, with an operating margin of 6.7%. The company continued its margin expansion strategy and made strategic acquisitions, including the pending $454 million acquisition of Strata Corporation.

Knife River Corporation reported record third-quarter revenue of $1.1 billion, a 1% increase year-over-year, driven by price increases in aggregates and ready-mix product lines and increased contracting services revenues. Net income also reached a record $148.1 million, up from $146.7 million in the prior year. The company narrowed its full-year guidance for 2024 revenue to between $2.85 billion and $2.95 billion, and adjusted EBITDA to between $445 million and $465 million.

Knife River Corporation reported record second quarter results, with revenue reaching $806.9 million and net income at $77.9 million. The company's performance was driven by favorable market conditions, pricing initiatives, disciplined bidding, and solid project execution. Due to the strong performance and visibility into the second half of the year, Knife River raised its full-year guidance for revenue and Adjusted EBITDA.

Knife River Corporation reported a record first quarter revenue of $329.6 million, a 7% increase from the prior-year period. The company experienced a seasonal net loss of $47.6 million, compared to a net loss of $41.3 million in the prior-year period. Adjusted EBITDA for the quarter was a loss of $17.7 million, compared to a loss of $13.7 million in the prior-year period.

Knife River Corporation reported a 20% increase in revenue for the fourth quarter of 2023, reaching $646.9 million. Net income increased by 15% to $20.7 million, and Adjusted EBITDA rose by 10% to $72.4 million. The company's strong performance was attributed to price increases across all core product lines and an extended construction season.

Knife River Corporation reported record third-quarter results, with revenue reaching $1,090.4 million, net income at $146.7 million, and Adjusted EBITDA at $247.5 million. The company's 'Competitive EDGE' strategy and strong market conditions drove these results. Due to the strong results for the first nine months of the year, the company raised and narrowed its full year guidance for revenue and Adjusted EBITDA.

Knife River Corporation announced record second quarter results with all-time highs in revenue, net income, and EBITDA. The company reported revenue of $785.2 million, a 10% increase from the prior-year period, and net income of $56.8 million, a 47% increase year-over-year. Based on strong first half results, the company raised its full year revenue guidance to $2.6 - $2.8 billion and EBITDA guidance to $320 - $370 million.