Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Knife River (KNF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.Knife River is one of 95 companies in the Construction group. The Construction group currently s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) Delaware 92-1008893 (State o ...

Knife River Corporation (NYSE:KNF) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Nathan Ring - Chief Financial Officer Brian Gray - President & Chief Executive Officer Conference Call Participants Brent Thielman - D.A. Davidson Garik Shmois - Loop Capital Ian Zaffino - Oppenheimer Operator Good morning, ladies and gentlemen, and welcome to Knife River First Quarter Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will ...

First Quarter 2024 Results Presentation May 7, 2024 Forward Looking Statements The information in this presentation highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries. Many of these highlighted statements and other statements not historical in nature are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations are based on reasonable assumptions, there ...

Knife River (KNF) came out with a quarterly loss of $0.84 per share versus the Zacks Consensus Estimate of a loss of $0.80. This compares to loss of $516.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this construction materials company would post earnings of $0.20 per share when it actually produced earnings of $0.36, delivering a surprise of 80%.Over the last four quarters, the co ...

KNIFE RIVER CORPORATION REPORTS FIRST QUARTER FINANCIAL RESULTS Achieved record first quarter revenue Increased backlog at higher expected margins Advanced organic and acquisition growth initiatives BISMARCK, N.D. — May 7, 2024 — Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, today announced financial results for the first quarter ended March 31, 2024. PERFORMANCE SUMMARY First Quarter (In millions, except per share) 202 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) Delaware 92-1008893 (State or ot ...

财务数据和关键指标变化 - 公司2023年全年实现创纪录的收入28亿美元,同比增长12% [11] - 公司2023年全年实现创纪录的净利润和EBITDA,并提前两年实现15%的EBITDA利润率目标 [11][13] - 公司2023年各产品线平均售价均有11.5%至13.6%的增长,尽管销量有所下降,但价格上涨抵消了销量下降的影响 [54] - 公司2023年材料产品线毛利率大幅提升,其中骨料毛利率提升600个基点至20%,混凝土和沥青分别提升140个基点和380个基点 [55] - 公司2023年承包服务业务毛利率提升300个基点 [55] - 公司2023年合并毛利率提升480个基点 [55] 各条业务线数据和关键指标变化 - 太平洋地区2023年全年收入增长11%至4.62亿美元,EBITDA增长28%至5600万美元 [33][34] - 西北地区2023年全年创下收入和EBITDA纪录,收入增长11%至6.66亿美元,EBITDA增长17%至1.21亿美元 [35][36] - 山区地区2023年全年收入增长17%至6.34亿美元,EBITDA增长42%至1.03亿美元 [39][40] - 中部地区2023年全年收入增长6%至8.25亿美元,EBITDA增长35%至1.17亿美元 [41][42] - 能源服务部门2023年全年创下收入2.92亿美元和EBITDA7800万美元的纪录 [45] 各个市场数据和关键指标变化 - 公司在14个州的DOT预算增加了超过90亿美元,同比增长16% [28] - 德克萨斯州是美国增长最快的州,预计未来6年内人口将从2100万增长到3000万 [42] - 爱达荷州有5亿美元的交通扩建和拥堵缓解基金待投入 [40] - 蒙大拿州西部有两个机场项目将在2024年开工 [40] - 明尼苏达州和德克萨斯州在2023年通过了额外的交通基金计划 [41][42] 公司战略和发展方向及行业竞争 - 公司推出了EDGE战略,包括EBITDA利润率提升、资本纪律、增长和卓越运营等四大支柱 [15] - 公司将继续专注于提高骨料占毛利的比重、在中型高增长市场的战略布局,以及提高生产效率 [17] - 公司将加强动态定价和精准投标策略,并通过PIT团队持续改善运营效率 [18][19] - 公司将更加积极地进行并购,重点关注骨料为主的材料类公司,尤其是中型高增长市场 [23] - 公司将继续加强人才培养和安全生产,作为可持续发展战略的基础 [24][25] - 公司的垂直一体化模式、公私客户并重的业务模式以及在中型高增长市场的战略布局为其带来竞争优势 [27][28] 管理层对经营环境和未来前景的评论 - 公司对2024年市场前景保持乐观,预计产品价格将继续中高单位数增长,销量将持平或小幅下降 [48] - 公司认为联邦、州和地方基础设施投资将保持强劲,为公司带来持续的增长机会 [47][48] - 公司将保持谨慎的投标策略,注重利润率而非销量 [28][58] - 公司预计2024年能源服务部门的EBITDA将高于历史平均水平,但不会达到2023年的纪录水平 [46] 问答环节重要的提问和回答 问题1 **Sherif El-Sabbahy 提问** 询问公司2024年各季度的业务季节性 [72] **Brian Gray 回答** 公司业务存在明显的季节性,第一季度收入约占10%,第二三季度约占三分之二,第四季度约占20%-25% [73] 问题2 **Garik Shmois 提问** 询问公司2024年EBITDA利润率提升的来源,是否主要来自EDGE战略的新举措 [88] **Brian Gray 回答** EDGE战略的新举措如动态定价和PIT团队改善运营效率等将是EBITDA利润率提升的主要来源之一,预计会对2024年的业绩产生积极影响 [89][90] 问题3 **Michael Dudas 提问** 询问不同地区市场竞争情况及公司获取业务的策略 [105] **Brian Gray 回答** 公司将采取更加谨慎和有纪律的投标策略,不仅作为总承包商投标,还将作为分包商和材料供应商参与,以最大化获取业务机会 [107][108]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) Delaware 92-1008893 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) Delaware 92-1008893 (State or ...