Knife River Corporation ( (KNF) ) has released its Q2 earnings. Here is a breakdown of the information Knife River Corporation presented to its investors.
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Knife River Corporation, a vertically integrated construction materials and contracting services company, specializes in aggregates and operates in the infrastructure sector. The company recently released its financial results for the second quarter of 2025, highlighting a record backlog and strategic acquisitions despite challenging weather conditions affecting the construction season. Key financial metrics showed a 3% increase in revenue to $833.8 million, but net income fell by 35% to $50.6 million, with adjusted EBITDA also declining by 9%. Despite these setbacks, Knife River achieved a record backlog of $1.3 billion, with significant contributions from recent acquisitions, and maintained a strong focus on its Competitive EDGE strategy. Looking ahead, Knife River remains optimistic about its long-term growth prospects, driven by infrastructure demand and strategic initiatives, while adjusting its full-year EBITDA guidance to reflect current challenges.