KNIFE RIVER

Knife River Corporation Reports First Quarter Financial Results

Retrieved on: 
Tuesday, May 7, 2024
Commercial Building & Real Estate, Construction & Property, Landscape, Building Systems, Other Natural Resources, Mining, Minerals, Other Construction & Property, Natural Resources, Residential Building & Real Estate, Heart, Corporate services, MDU Resources, Transport, Acquisition, Ratio, Energy, Adjustment, GAAP

For more information on all non-GAAP measures and a reconciliation to the nearest GAAP measure, see the section entitled "Non-GAAP Financial Measures."

Key Points: 
  • For more information on all non-GAAP measures and a reconciliation to the nearest GAAP measure, see the section entitled "Non-GAAP Financial Measures."
  • A seasonal loss in the first quarter is typical for our business, as construction activity in many of our northern markets doesn't ramp up until the second quarter.
  • "Additionally, on April 3, Knife River acquired a small ready-mix operation in South Dakota, providing infill growth between our successful Sioux Falls and Yankton locations.
  • This was Knife River’s 85th acquisition and we expect it to be a sign of more deals to come.

Knife River Corporation Announces First Quarter 2024 Results Conference Call

Retrieved on: 
Tuesday, April 16, 2024
Mining, Minerals, Other Construction & Property, Residential Building & Real Estate, Natural Resources, Commercial Building & Real Estate, Other Manufacturing, Construction & Property, Other Transport, Engineering, Urban Planning, Transport, Landscape, Manufacturing, EDT, MDU Resources

Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its first quarter 2024 earnings conference call at 10 a.m. EDT Tuesday, May 7, 2024.

Key Points: 
  • Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its first quarter 2024 earnings conference call at 10 a.m. EDT Tuesday, May 7, 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 investors.kniferiver.com or at https://events.q4inc.com/attendee/997203803 .
  • To participate in the live conference call:

Knife River Corporation Announces Fourth Quarter and Full Year 2023 Results Conference Call

Retrieved on: 
Friday, January 26, 2024
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Landscape, MDU Resources

Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its fourth quarter and full year 2023 earnings conference call at 1 p.m.

Key Points: 
  • Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its fourth quarter and full year 2023 earnings conference call at 1 p.m.
  • Financial results for the quarter and full year 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 investors.kniferiver.com or at https://events.q4inc.com/attendee/400020715 .
  • To participate in the live conference call:

Knife River Corporation Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Wednesday, November 8, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Manufacturing, Construction & Property, Landscape, Other Natural Resources, Mining, Minerals, Building Systems, Natural Resources, Other Manufacturing, Other Construction & Property, Sale, NYSE, RBC Capital Markets, MDU, KNF, TD Securities, EDGAR, Telephone, J. P. Morgan, MDU Resources, Form, Attention, Bangladesh Securities and Exchange Commission, Offering, Prospectus, Wells Fargo, J.P. Morgan & Co., TD, Broadridge Financial Solutions, Communication, Bank of America, BofA Securities, Security (finance)

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”).

Key Points: 
  • 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”).
  • 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 exchange (described below).
  • The Selling Stockholder in the Offering has granted the underwriters an option (the “greenshoe”) to purchase up to 514,238 additional shares of Knife River common stock at the public offering price less the underwriting discount for 30 days.
  • Following the completion of the debt-for-equity exchange, and if the greenshoe is completely exercised by the underwriters, MDU Resources would no longer own any shares of common stock of Knife River.

Knife River Corporation Reports Third Quarter Earnings

Retrieved on: 
Monday, November 6, 2023
Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Adjustment, Ratio, EBITDA, GAAP, Infrastructure Investment and Jobs Act, Energy, Transport, Culture, EDGE, Grey, Renewable energy, Retail

“Our third quarter 2023 revenue, net income, EBITDA and Adjusted EBITDA were better than any quarter in Knife River history.

Key Points: 
  • “Our third quarter 2023 revenue, net income, EBITDA and Adjusted EBITDA were better than any quarter in Knife River history.
  • “I would like to thank our entire Knife River team for their continued discipline in executing our EDGE plan to increase Adjusted EBITDA margins and deliver on our strategic goals,” Gray said.
  • Price increases outpaced costs for the quarter and positively contributed to our margins, as we made further progress toward our previously stated margin-expansion goals.
  • “As of August, nearly $80 billion in funding from the Infrastructure Investment and Jobs Act has been allocated to projects in states where Knife River operates.

Knife River Corporation Announces Launch of Secondary Offering of Common Stock

Retrieved on: 
Monday, November 6, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Manufacturing, Construction & Property, Landscape, Other Natural Resources, Mining, Minerals, Building Systems, Natural Resources, Other Manufacturing, Other Construction & Property, Sale, NYSE, MDU, KNF, EDGAR, Telephone, J. P. Morgan, MDU Resources, Form, Attention, Electric Bond and Share Company v. Securities and Exchange Commission, Offering, Prospectus, Wells Fargo, J.P. Morgan & Co., Broadridge Financial Solutions, Communication, Bank of America, BofA Securities, Security (finance)

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”).

Key Points: 
  • 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 exchange (described below).
  • The Selling Stockholder in the Offering has granted the underwriters an option (the “greenshoe”) to purchase up to 514,238 additional shares of Knife River common stock at the public offering price less the underwriting discount for 30 days.
  • Following the completion of the debt-for-equity exchange, and if the greenshoe is completely exercised by the underwriters, MDU Resources would no longer own any shares of common stock of Knife River.

Knife River Schedules Webcast of Third Quarter 2023 Earnings Conference Call

Retrieved on: 
Monday, October 23, 2023
Other Construction & Property, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Financial result, MDU Resources, NYSE, EDT

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.

Key Points: 
  • 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 investors.kniferiver.com or at https://events.q4inc.com/attendee/542534400 .
  • To participate in the live conference call:

Knife River Names Robert Van Til President of South Region

Retrieved on: 
Thursday, August 17, 2023
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Urban Planning, Building Systems, Manufacturing, Mining, Minerals, Other Construction & Property, Natural Resources, Residential Building & Real Estate, Honey, The Bryan-College Station Eagle, Building material, KNF, Texas A&M University, MDU Resources, Global Cement and Concrete Association, Growth, NYSE, Road

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.

Key Points: 
  • 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.
  • Van Til succeeds Robert Kober, a 28-year Knife River veteran who earlier this year announced his plans to retire.
  • “I’d like to thank Bob Kober for his years of service to Knife River, for building a strong team and for positioning us for growth,” said Brian Gray, president and CEO of Knife River.
  • “And I’d like to welcome Rob Van Til to Knife River.

Knife River Corporation Reports Second Quarter Earnings

Retrieved on: 
Tuesday, August 8, 2023
Architecture, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban Planning, REIT, Other Construction & Property, Residential Building & Real Estate, Heart, MDU Resources, Adjustment, Acquisition, GAAP, EDGE, Ratio, Grey, MDU, Bank, Pharmaceutical industry, EBITDA

"I am excited to highlight our record results, including our all-time second quarter highs in revenue, net income and EBITDA," said Brian Gray, Knife River president and CEO.

Key Points: 
  • "I am excited to highlight our record results, including our all-time second quarter highs in revenue, net income and EBITDA," said Brian Gray, Knife River president and CEO.
  • "I want to thank our team members at Knife River for driving our success as a new independent, public company.
  • Knife River reported second quarter consolidated revenue of $785.2 million, a 10% increase from the prior-year period, led by strong results in each region and more than 10% price increases across all consolidated product lines.
  • Contracting services backlog of $1.04 billion was a record for any quarter, and reflects margins greater than the same time last year.

Knife River Corporation Schedules Webcast of Second Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, July 18, 2023
Mining, Minerals, Other Construction & Property, Manufacturing, Natural Resources, Construction & Property, Other Manufacturing, MDU Resources, NYSE, Financial result, EDT, Video game

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.

Key Points: 
  • 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 investors.kniferiver.com or at https://events.q4inc.com/attendee/986161993 .
  • To participate in the live conference call: