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Knife River Corporation (KNF)
:KNF
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.88Last Year’s EPS
-0.84Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -4.39%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with Knife River Corporation achieving record results in 2024, driven by strategic price increases, successful acquisitions, and a strong project backlog. While challenges were noted in the Energy Services segment and increased SG&A costs, the company's growth strategy and margin improvements suggest a strong outlook for 2025.Company Guidance
In the recent conference call, Knife River Corporation detailed its financial guidance for 2025, projecting consolidated revenue between $3 billion and $3.2 billion, with adjusted EBITDA ranging from $485 million to $535 million. The company highlighted a strong backlog valued at $746 million, representing a 13% increase from the previous year. The call emphasized the company's commitment to its EDGE strategy, which contributed to a 48% growth in adjusted EBITDA and a 360 basis point increase in margins over the past two years. Key initiatives include a focus on dynamic pricing, operational excellence through PIT Crews, and strategic acquisitions, including the pending acquisition of Strata Corporation for $454 million. The company anticipates mid-single-digit price increases across aggregates, ready-mix, and asphalt product lines in 2025, with expectations of low single-digit volume growth, leveraging robust public infrastructure spending and emerging private sector opportunities.Record-Breaking Revenue and Growth
Knife River Corporation achieved record full-year revenue, adjusted EBITDA, and adjusted EBITDA margin in 2024. Over the last two years, adjusted EBITDA grew by 48% and margins improved by 360 basis points.
Price Increases and Margin Improvements
Annual price increases of 7% for aggregates and 10% for ready-mix were achieved, leading to improved margins across aggregates, ready-mix, and asphalt product lines.
Strong Backlog and New Projects
The company starts 2025 with a backlog of $746 million, 13% higher than the previous year, including a $96 million, three-year road construction project in Idaho.
Strategic Acquisitions and Growth Initiatives
Knife River invested $131 million on six acquisitions in 2024 and has approved $522 million for growth capital expenditures in 2025, including the pending $454 million acquisition of Strata Corporation.
Segment Performance and Opportunities
All geographic segments reported record EBITDA in 2024, with notable growth in the Northwest region (24% increase in EBITDA) and Central region, which entered 2025 with a higher backlog.
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KNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $97.26 | $101.42 | +4.28% |
| Nov 04, 2024 | $97.47 | $89.23 | -8.45% |
| Aug 06, 2024 | $70.76 | $72.87 | +2.98% |
| May 07, 2024 | $80.77 | $78.88 | -2.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Knife River Corporation (KNF) report earnings?
Knife River Corporation (KNF) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Knife River Corporation (KNF) earnings time?
Knife River Corporation (KNF) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNF EPS forecast?
KNF EPS forecast for the fiscal quarter 2025 (Q1) is -0.88.
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