Knife River Corporation (KNF) has entered a definitive agreement to acquire Strata Corporation, a leading construction materials and contracting services provider operating in North Dakota and northwestern Minnesota. The purchase price of $454 million is based on Strata's estimated 2025 adjusted EBITDA, indicating a multiple in the high single digits.The transaction is expected to close in the first half of 2025, subject to regulatory approvals and standard closing conditions. KNF plans to fund the acquisit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Third Quarter 2024 Results Presentation November 4, 2024 Forward Looking Statements 2 The information in this presentation highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries. Many of these highlighted statements and other statements not historical in nature are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations are based on reasonable assumptions ...

Knife River Corporation (NYSE:KNF) Q3 2024 Earnings Conference Call November 4, 2024 11:00 AM ET Company Participants Nathan Ring - CFO Brian Gray - President & CEO Conference Call Participants Kathryn Thompson - Thompson Research Trey Grooms - Stephens Garik Shmois - Loop Capital Ian Zaffino - Oppenheimer Sherif El-Sabbahy - Bank of America Merrill Lynch Chris Ellinghaus - Siebert Williams Shank John Ramirez - D.A. Davidson Operator Good morning, ladies and gentlemen, and welcome to the Knife River Corpora ...

Knife River (KNF) came out with quarterly earnings of $2.60 per share, missing the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.80%. A quarter ago, it was expected that this construction materials company would post earnings of $1.18 per share when it actually produced earnings of $1.37, delivering a surprise of 16.10%.Over the last four quar ...

https://files.reportify.cc/media/production/KNF3399026e1acdbeeb04ca343c2ded5700.jpg PERFORMANCE SUMMARY KNIFE RIVER CORPORATION REPORTS THIRD QUARTER FINANCIAL RESULTS Achieved record third quarter revenue, gross profit and net income Announced recent acquisition of aggregates and liquid asphalt businesses Narrowed guidance range on revenue and adjusted EBITDA BISMARCK, N.D. — November 4, 2024 — Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contract ...

The market expects Knife River (KNF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be relea ...

Knife River (KNF) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing ...

Several construction sector stocks were added to the Zacks Rank #1 (Strong Buy) list this week as beneficiaries of vibrant business industries. With the broader market starting to stabilize and rebound, here are three of these highly-ranked construction stocks to consider. Knife River Corporation (KNF) Providing value-added construction materials, we'll start with Knife River Corporation which has soared over +100% since spinning off from MDU Resources Group (MDU) in 2023. Knife River's increased profitabil ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 8th: Royal Caribbean Cruises (RCL) : This cruise company which primarily serve the contemporary, premium and deluxe segments of the cruise vacation industry, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days. Royal Caribbean Cruises' has a price-to-earnings ratio (P/E) of 0.43 compared with 1.61 for ...