STOCK TITAN
  1. Home
  2. News
  3. KNF

Knife River Corporation - KNF STOCK NEWS

Welcome to our dedicated page for Knife River Corporation news (Ticker: KNF), a resource for investors and traders seeking the latest updates and insights on Knife River Corporation stock.

Knife River Corporation (KNF) is a prominent provider of construction materials and contracting services across the western, central, and southern regions of the United States. The company specializes in producing and delivering aggregates and markets various construction materials such as crushed stone, sand, gravel, ready-mix concrete, asphalt, and other value-added products. Knife River also distributes cement and asphalt oil.

With over 1 billion tons of aggregate reserves, Knife River operates 110 ready-mix plants, 50 asphalt plants, and boasts a combined storage capacity of 410,000 tons of liquid asphalt and cement. The company's extensive infrastructure enables it to perform integrated contracting services for a variety of construction projects, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings, and industrial parks.

Knife River's strategic initiatives and partnerships ensure continuous growth and adaptation to market demands. The company's commitment to quality and customer satisfaction has solidified its reputation as a reliable partner in the construction industry. Stay updated with the latest developments and financial performance of Knife River Corporation through our news section.

News

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

Rhea-AI Summary
Knife River Corporation (NYSE: KNF) will host its fourth quarter and full year 2023 earnings conference call on February 15, 2024. Financial results will be released that morning before the NYSE market opens, with a live webcast and presentation slides available on the company's website. Participants can join the live conference call and access the on-demand replay through provided contact details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
earnings
-
News

Knife River Corporation Announces Pricing of Secondary Offering of Common Stock

Rhea-AI Summary
Knife River Corporation (NYSE: KNF) announced the pricing of a secondary public offering of 5,142,383 shares of its common stock at $54.00 per share, with the Selling Stockholder expected to sell the KNF Shares to underwriters. J.P. Morgan, Wells Fargo Securities, and BofA Securities are acting as the joint lead book-runners for the Offering, which is expected to close on November 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
offering
-
News

Knife River Corporation Announces Launch of Secondary Offering of Common Stock

Rhea-AI Summary
Knife River Corporation (NYSE: KNF) has announced a secondary public offering of 5,142,383 shares of its common stock currently owned by MDU Resources Group, Inc. The company will not receive any proceeds from the sale. MDU Resources is expected to exchange the KNF Shares for certain indebtedness held by an affiliate of J.P. Morgan Securities LLC. Following the debt-for-equity exchange, the Selling Stockholder intends to sell the KNF Shares to the underwriters in the Offering. J.P. Morgan, Wells Fargo Securities, and BofA Securities are acting as the joint lead book-runners for the Offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.14%
Tags
offering
News

Knife River Corporation Reports Third Quarter Earnings

Rhea-AI Summary
Knife River Corporation achieves all-time quarterly records for revenue, net income, and Adjusted EBITDA. Competitive EDGE initiatives drive strong margin improvement. Raised guidance for revenue and Adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.77%
Tags
earnings
-
News

Knife River Schedules Webcast of Third Quarter 2023 Earnings Conference Call

Rhea-AI Summary
Knife River Corporation to host third quarter 2023 earnings conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
earnings
-
News

Knife River Names Robert Van Til President of South Region

Rhea-AI Summary
Knife River Corporation has appointed Robert Van Til as the president of its South Region, overseeing operations in Texas. Van Til brings extensive experience in the construction materials industry and has previously held senior leadership positions. He will be taking over from Robert Kober, who is retiring after 28 years with Knife River.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
none
News

Knife River Corporation Reports Second Quarter Earnings

Rhea-AI Summary
Knife River Corporation (NYSE: KNF) achieved record second quarter revenue, net income, EBITDA and backlog, reduced net debt leverage to 2.3x EBITDA, and raised revenue and EBITDA guidance. Second quarter revenue was $785.2 million, a 10% increase from the prior year, with a gross profit of $153.0 million and net income of $56.8 million. EBITDA was $125.1 million, and adjusted EBITDA was $126.3 million. The company has also initiated adjusted EBITDA guidance of $330 million to $380 million for fiscal year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.31%
Tags
earnings
-
News

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

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
earnings
-
News

Knife River Corporation Completes Spinoff from MDU Resources

Rhea-AI Summary
Knife River Corporation completes spinoff from MDU Resources Group, becomes independent public company
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
none
News

MDU Resources Completes Spinoff of Knife River

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
none

FAQ

What is the current stock price of Knife River Corporation (KNF)?

The current stock price of Knife River Corporation (KNF) is $98.3 as of November 20, 2024.

What is the market cap of Knife River Corporation (KNF)?

The market cap of Knife River Corporation (KNF) is approximately 5.5B.

What does Knife River Corporation do?

Knife River Corporation provides construction materials and contracting services, producing and delivering aggregates like crushed stone, sand, gravel, ready-mix concrete, and asphalt.

Where does Knife River Corporation operate?

Knife River operates in the western, central, and southern United States.

What products does Knife River Corporation offer?

Knife River offers aggregates, crushed stone, sand, gravel, ready-mix concrete, asphalt, and distributes cement and asphalt oil.

How many ready-mix plants does Knife River have?

Knife River operates 110 ready-mix plants.

What types of construction projects does Knife River handle?

Knife River handles a variety of projects, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings, and industrial parks.

How much liquid asphalt and cement storage does Knife River have?

Knife River has a combined storage capacity of 410,000 tons of liquid asphalt and cement.

How many asphalt plants does Knife River operate?

Knife River operates 50 asphalt plants.

What are Knife River's aggregate reserves?

Knife River has over 1 billion tons of aggregate reserves.

Why is Knife River considered a reliable partner in the construction industry?

Knife River is known for its commitment to quality, extensive infrastructure, and customer satisfaction, making it a reliable partner in the construction industry.

How can I stay updated with Knife River's latest news?

You can stay updated with the latest news and developments by visiting the news section on our website.

Stock KNF logo
Knife River Corporation

NYSE:KNF

KNF Rankings

#1231 Ranked by Market Cap
N/A Ranked by Dividends

KNF Stock Data

5.52B
56.26M
0.62%
83.95%
2.11%
Building Materials
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
Link
United States of America
BISMARCK