Knife River sees FY25 revenue $3B-$3.2B, consensus $3.06B

Sees FY25 adjusted EBITDA $485M-$535M. “In 2024, we built on our prior success by continuing to execute on our EDGE initiatives,” Gray said. “We implemented dynamic pricing in more of our markets, which resulted in high-single-digit price increases for our aggregates. We continued to practice disciplined bidding, helping us achieve a 160 basis-point improvement in our contracting services gross margin. Our Process Improvement Teams (PIT Crews) visited 58 additional plants, finding more operational efficiencies. We also invested $131 million on six acquisitions and announced our definitive agreement to acquire Strata Corporation for $454 million.”