Knife Riv Holding Co.

60.65-0.49 (-0.8%)

Oct 29, 4:00:02 PM EDT · NYSE · KNF · USD

Upcoming Earnings

Report date

Nov 4, 2025 (in 5 days)

Key Stats

Market Cap

3.44B

P/E (TTM)

22.46

Basic EPS (TTM)

2.70

Dividend Yield

Recent Filings

10-Q

Q2 FY2025 results

8/5/25Aug 5, 2025

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

Q2 earnings miss amid weather

8/5/25Aug 5, 2025

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.

8-K

Governance amendments approved

5/28/25May 28, 2025

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.

10-Q

Q1 FY2025 results

5/6/25May 6, 2025

Knife River's Q1 revenue climbed 7% year-over-year to $353.5M, fueled by stronger contracting services and mid-single-digit price hikes across aggregates, ready-mix, and asphalt, though volumes dipped in some regions due to weather. Gross profit flipped to a $9.6M loss from a $6.5M gain, with margins squeezed to -2.7% amid higher pre-production costs and seasonal startup expenses; operating loss widened 54% to $82.7M, while diluted EPS fell to -$1.21 from -$0.84 on 56,626,000 shares, reconciling without anti-dilution effects. The Central segment drove growth via the March 2025 Strata acquisition for $454M cash, adding $152.3M goodwill and $13.6M intangibles (10-year life for permits), alongside a $10.1M quarry buy yielding a $3.5M bargain gain. Cash dropped to $138.5M after $125.3M operating outflow and $503.6M investing spend, offset by $500M Term Loan B issuance; total debt hit $1.2B at 6.2% average rate, with $477M revolver availability and no covenant breaches. Free cash flow not disclosed in the 10-Q. Backlog held steady at $938.7M, 87% public-funded. Yet competition in public bidding remains a persistent drag.

8-K

Q1 earnings and Strata close

5/6/25May 6, 2025

Knife River closed its acquisition of Strata Corporation in Q1 2025, investing $419 million net while securing a $500 million Term Loan B and expanding its revolver to $500 million. Revenue climbed 7% to $353.5 million amid seasonal pressures, but the net loss widened to $68.7 million due to integration costs and pre-production expenses. Acquisitions fuel growth. Full-year guidance projects $3.25-$3.45 billion revenue and $530-$580 million adjusted EBITDA, bolstered by strong public funding.

About

Knife River Corporation, together with its subsidiaries, provides aggregates-led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete. It also provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading. In addition, the company sells cement, merchandise, and other building materials and related services; and produces and supplies liquid asphalt for use in asphalt road construction. The company sells its construction materials to public and private-sector customers comprising federal, state, and municipal governments; industrial, commercial, and residential developers, as well as other private parties; and provides its contracting services to public-sector customers for the development and servicing of highways, local roads, bridges, and other public-infrastructure projects. Knife River Corporation was founded in 1917 and is headquartered in Bismarck, North Dakota.

CEO

Mr. Brian R. Gray

IPO

6/6/2023

Website

https://www.kniferiver.com

Employees

4,761

Sector

Basic Materials

Industry

Building Materials