KNF
Knife River Corporation76.22
-0.05-0.07%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
4.32BP/E (TTM)
29.20Basic EPS (TTM)
2.61Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Q2 earnings miss amid weather
Knife River reported Q2 2025 revenue of $833.8 million, up 3% from last year, but net income fell 35% to $50.6 million amid wet weather delays and Oregon's funding woes. The company hit a record $1.3 billion backlog, nearly 30% higher year-over-year, and closed two aggregates acquisitions in May and July to boost reserves and contracting. Backlog surges. Full-year adjusted EBITDA guidance now ranges $475 million to $525 million, factoring in Texas flooding impacts.
10-Q
Q2 FY2025 results
Knife River's Q2 revenue climbed 3% year-over-year to $833.8M, fueled by mid-single-digit price hikes in aggregates and ready-mix alongside the March Strata acquisition adding $46.9M, yet contracting services dipped in Oregon and Montana from project timing and heavy rain. Gross margin slipped to 18.9% from 21.8%, with operating income falling 25% to $88.1M amid higher costs, while YTD figures show a $18.1M net loss versus $30.3M profit last year, pressured by Q1 softness and elevated interest from new debt. The Strata deal, closed March 7 for $454.0M cash, boosted Central segment goodwill to $146.8M and intangibles like $8.8M customer backlog over 9 months. Cash stood at $77.7M with $294.0M revolver availability, but free cash flow wasn't disclosed in the 10-Q. Acquisitions expand reserves in key markets. Regulatory funding shortfalls in Oregon pose a balanced risk.
8-K
Governance amendments approved
Knife River Corporation's stockholders approved amendments to its Certificate of Incorporation and Bylaws at the May 22, 2025 annual meeting, eliminating two-thirds supermajority voting requirements with 45.6 million shares in favor. The changes, effective immediately upon filing in Delaware, streamline governance by aligning with majority vote standards. This simplifies future shareholder actions. No other material impacts disclosed.
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