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Knife River Corporation (KNF)
:KNF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.34Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2023
|% Change Since: 6.98%
|Next Earnings Date:Aug 08, 2023
Earnings Call Sentiment|Positive
The earnings call reflects strong financial performance with record revenues and strategic acquisitions positioning the company for future growth. However, challenges such as the decline in the Energy Services segment, higher SG&A costs, and weather-related impacts in Texas present areas of concern. Despite these challenges, the overall sentiment leans towards optimism due to strategic pricing and expansion initiatives.Company Guidance
During Knife River Corporation's Q3 2024 earnings call, the company provided detailed guidance on its financial performance and strategic initiatives. The geographic segments, including the Pacific, Northwest, Mountain, and Central regions, achieved a record EBITDA of $225 million, marking a 6% increase from the previous year, with an EBITDA margin improvement of nearly 100 basis points to 22.5%. However, the Energy Services segment saw a $12 million decrease in EBITDA, as anticipated in the guidance. The company also highlighted its ongoing competitive EDGE strategy, which contributed to a record quarterly revenue of $1.1 billion. Knife River has invested approximately $130 million in six acquisitions this year, primarily in aggregates and construction materials, with expected financial returns at purchase multiples between 6 to 8 times the projected 2025 EBITDA. For the full year, Knife River revised its revenue guidance to a range of $2.85 billion to $2.95 billion and adjusted EBITDA guidance to $445 million to $465 million. Price optimization and cost controls were emphasized as key components of the EDGE strategy, with average sales prices for aggregates improving by 7.6% year-over-year. The company's backlog as of September 30 was $755 million, primarily driven by public work projects.Record Third Quarter Revenue
Knife River Corporation reported record third quarter revenue, gross profit, and net income with a record EBITDA of $225 million, a 6% increase from the same period last year.
Geographic Segments Performance
The Pacific, Northwest, Mountain, and Central segments achieved a record EBITDA margin improvement of nearly 100 basis points to 22.5%. Price increases in these regions contributed to record revenues.
Successful Acquisitions
Knife River invested nearly $130 million on 6 acquisitions in 2024, which are expected to generate attractive financial returns with purchase multiples between 6 to 8x projected 2025 EBITDA.
Dynamic Pricing and Margin Improvements
Average sales prices of aggregates improved 7.6% from 2023, with gross profit margin for contracting services improving 120 basis points year-over-year. The company is implementing dynamic pricing models to continue this trend.
Liquid Asphalt Business Expansion
The acquisition of Albina Asphalt expands Knife River's footprint in markets with aggregates and asphalt operations, increasing the capacity of the Energy Services segment by approximately 25%.
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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 |
|---|---|---|---|
| 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% |
| Feb 15, 2024 | $68.93 | $69.39 | +0.67% |
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 Feb 13, 2025, TBA Not Confirmed.
What is Knife River Corporation (KNF) earnings time?
Knife River Corporation (KNF) earnings time is at Feb 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 2024 (Q4) is 0.34.
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