Knife River Corporation ( (KNF) ) has released its Q4 earnings. Here is a breakdown of the information Knife River Corporation presented to its investors.
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Knife River Corporation, a construction materials and contracting services firm, has announced its financial results for the fourth quarter and full-year 2024, showcasing robust performance and strategic growth initiatives.
In 2024, Knife River achieved record revenue, net income, and adjusted EBITDA, marking a significant milestone for the company. The company’s competitive EDGE strategy and dynamic pricing initiatives played a crucial role in these accomplishments, resulting in a 2% increase in revenue to $2.9 billion and a 10% rise in net income to $201.7 million for the full year.
Key highlights include a strategic acquisition of Strata Corporation, expected to enhance Knife River’s asset portfolio and EBITDA margin. The company also reported a healthy backlog of $746 million, a 13% increase from the previous year, and introduced a 2025 revenue guidance of $3.0 to $3.2 billion.
Knife River’s forward-looking approach, driven by its EDGE strategy, positions the company for continued growth in 2025. With robust strategic plans and financial guidance, Knife River aims to build on its success and achieve further operational efficiencies and market expansion.
