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.
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Knife River (NYSE: KNF) will host its first quarter 2024 earnings conference call on May 7, 2024, with financial results released before the NYSE market opens. The live webcast and presentation slides will be accessible on the Knife River website. Participants can join the call using the provided details.
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Knife River (NYSE: KNF) released its first sustainability report, emphasizing its dedication to sustainable business practices. The report outlines the company's focus on People, Safety, Quality, and the Environment, showcasing its commitment to sound business practices and a sustainable future.
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Knife River Corporation (NYSE: KNF) reported record full-year revenue, net income, and Adjusted EBITDA, achieving its 2025 target two years early. The company introduced full-year 2024 revenue and Adjusted EBITDA guidance, showcasing significant margin expansion. Fourth-quarter and full-year financial results highlighted revenue growth of 20% and 12% respectively, with net income up 57% in 2023. Knife River's strategic priorities focus on EBITDA margin improvement, discipline, growth, and excellence, driving sustained value creation for shareholders.
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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.
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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.
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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.
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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.
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Knife River Corporation to host third quarter 2023 earnings conference call
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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.
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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.
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FAQ
What is the current stock price of Knife River Corporation (KNF)?
The current stock price of Knife River Corporation (KNF) is $102.34 as of February 4, 2025.
What is the market cap of Knife River Corporation (KNF)?
The market cap of Knife River Corporation (KNF) is approximately 5.8B.
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.
Knife River Corporation
NYSE:KNF
KNF Rankings
KNF Stock Data
5.83B
56.26M
0.62%
84.32%
3.13%
Building Materials
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
United States of America
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