This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' There has been an upward trend in earnings estimate revisions for KNF lately, which can certainly be considered a bullish indicator ...

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Knife River (KNF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.Knife River is one of 95 companies in the Construction group. The Construction group currently s ...

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 March 31, 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) Delaware 92-1008893 (State ...

Financial Data and Key Metrics Changes - The company reported a consolidated revenue increase of 7% compared to the same period last year, although adjusted EBITDA decreased by $4 million due to increased pre-construction expenses [44][58] - Adjusted EBITDA for the quarter was a loss of $17.7 million, compared to a loss of $13.7 million in the prior year period, attributed to higher pre-construction expenses and standalone costs [58][44] - The company ended the quarter with $128 million of available cash, compared to $7.2 million at the same time last year, and a net leverage position of 1.3 times adjusted EBITDA [47][48] Business Line Data and Key Metrics Changes - Contracting services backlog increased by nearly $423 million during the quarter, up from approximately $255 million captured during the same period last year, reflecting a 66% increase [15][42] - The average selling price for aggregates increased by 15%, while ready-mix prices rose by 9%, although asphalt pricing saw a slight decrease [41][73] - The Energy Services segment, which includes liquid asphalt operations, experienced solid revenue growth due to strong demand in California and Texas markets [34] Market Data and Key Metrics Changes - The transportation departments in Knife River's 14 states increased their total spending authority for this year by 16% from 2023, contributing to a favorable market environment [9] - Approximately 85% of the company's backlog is related to public projects with lower risk, providing a stable revenue stream [43] Company Strategy and Development Direction - The company is focused on its competitive EDGE strategy, which aims to improve adjusted EBITDA margins and deliver long-term shareholder value through initiatives in margin improvement, discipline, growth, and excellence [59] - Knife River is committed to disciplined capital allocation towards strategic growth projects, with plans to utilize $40 million to $50 million from its CapEx budget for EDGE-related growth initiatives [19][12] - The acquisition pipeline remains active, with a focus on aggregates and materials-led operations in high-growth markets [21][102] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the 2024 construction season, citing strong markets, improved backlog, and favorable materials pricing as key drivers [7][50] - The company anticipates that higher expenses incurred in the first quarter will align with prior year levels on an annualized basis, indicating a stable outlook moving forward [45][46] - Management reaffirmed financial guidance for 2024, expecting consolidated revenue between $2.75 billion and $2.95 billion and adjusted EBITDA between $425 million and $475 million [51][50] Other Important Information - The company has implemented new tools to analyze daily margins at the transactional level and is committed to a company-wide sales training program to enhance sales professionals' skills [10][22] - The company is focused on improving safety performance and maintaining a people-first approach [23] Q&A Session Summary Question: Variability in volumes across different product lines - Management noted that the variability in volumes is typical for the first quarter and attributed it to seasonal factors, with aggregates down 13% and asphalt volumes up significantly [68][69] Question: Margin profile in backlogs - Management indicated that the backlog is similar to last year but at higher margins, suggesting a positive outlook for future performance [71][72] Question: Repair and maintenance expenses - Management confirmed that some repair and maintenance expenses were pulled forward into the first quarter, which would benefit the second and third quarters [77][80] Question: Pricing outlook and dynamic pricing implementation - Management discussed the ongoing rollout of dynamic pricing and its impact on pricing guidance, emphasizing that the process is gradual and integrated into their overall strategy [88][89] Question: Acquisition environment and multiples - Management expressed excitement about growth opportunities through both organic growth and acquisitions, noting that multiples can vary widely depending on the specifics of each deal [99][102]

Changes in such assumptions and factors could cause actual future results to differ materially from growth and financial guidance. All forward-looking statements in this presentation are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, the company does not undertake to update forward-looking statements, whether as a resu ...

Knife River (KNF) came out with a quarterly loss of $0.84 per share versus the Zacks Consensus Estimate of a loss of $0.80. This compares to loss of $516.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this construction materials company would post earnings of $0.20 per share when it actually produced earnings of $0.36, delivering a surprise of 80%.Over the last four quarters, the co ...

KNIFE RIVER CORPORATION REPORTS FIRST QUARTER FINANCIAL RESULTS "In the first quarter of 2024, we continued to make good progress on our 'Competitive EDGE' initiatives, including our pricing strategy, disciplined bidding to target higher-margin work and investing in growth opportunities," said Knife River President and CEO Brian Gray. "We achieved record revenue for the quarter and continue to see momentum with infrastructure funding as we head into the start of the construction season. A seasonal loss in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K 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 jurisdiction of incorporation or organization) Delaware 92-1008893 (I.R.S. Employer Identification No.) 1150 West Century Avenue P.O. Box 5568 Bism ...

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, 2023 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) Delaware 92-1008893 (St ...

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 June 30, 2023 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) Delaware 92-1008893 (State o ...