Knife Riv Holding Co.
Description
Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete. It also provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading. In addition, the company sells cement, merchandise, and other building materials and related services. The company sells its construction materials to public and private-sector customers, including federal, state, and municipal governments, as well as industrial, commercial and residential developers, and other private parties; and provides its contracting services to public-sector customers for the development and servicing of highways, local roads, bridges, and other public-infrastructure projects. Knife River Corporation was founded in 1917 and is based in Bismarck, North Dakota.
About
CEO
Mr. Brian R. Gray
Employees
4,389
Instrument type
Common Stock
Sector
Basic Materials
Industry
Building Materials
MIC code
XNYS
Address
1150 West Century Avenue, Bismarck, ND 58506-5568, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Feb 13, 2025 | 0.34 | — | — | — |
| Nov 4, 2024 | 2.81 | 2.60 | -0.21 | -7.47% |
| Aug 6, 2024 | 1.24 | 1.37 | 0.13 | 10.48% |
| May 7, 2024 | -0.86 | -0.84 | 0.02 | -2.33% |
| Feb 15, 2024 | 0.16 | 0.36 | 0.20 | 125.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 3 | — | 4 |
| Average estimate | — | -0.87 | — | 3.98 |
| Low estimate | — | -0.92 | — | 3.89 |
| High estimate | — | -0.85 | — | 4.03 |
| Last year EPS | — | -0.83 | — | 3.47 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-12.540%
Next qtr. (Mar 2025)
-5.220%
Current year
4.360%
Next year (Dec 2025)
14.880%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total reported revenue | 2.83B | 2.53B | 2.23B | 2.18B |
| Cost of revenue | 2.29B | 2.17B | 1.88B | 1.81B |
| Gross profit | 538.94M | 360.89M | 346.95M | 370.58M |
| Operating expense | ||||
| Research & development | — | — | — | — |
| Selling general and admin | 242.54M | 166.60M | 155.87M | 156.08M |
| Other operating expenses | — | — | — | — |
| Operating income | 296.40M | 194.30M | 191.08M | 214.50M |
| Non operating interest income | ||||
| Income | — | — | — | — |
| Expense | 58.10M | 30.12M | 19.22M | 20.58M |
| Other income expense | 7.01M | -5.35M | 1.36M | 835,000 |
| Pretax income | 245.31M | 158.82M | 173.21M | 194.76M |
| Tax provision | 62.44M | 42.60M | 43.46M | 47.43M |
| Net income | 182.87M | 116.22M | 129.76M | 147.33M |
| Basic EPS | 3.23 | 2.05 | 2.29 | 2.60 |
| Diluted EPS | 3.23 | 2.05 | 2.29 | 2.60 |
| Basic average shares | 56.60M | 56.57M | 56.57M | 56.57M |
| Diluted average shares | 56.60M | 56.57M | 56.57M | 56.57M |
| EBITDA | 427.21M | 306.74M | 293.41M | 304.96M |
| Net income from continuing op. | 182.87M | 116.22M | 129.76M | 147.33M |
| Minority interests | — | — | — | — |
| Preferred stock dividends | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 2.60B | 2.29B | 2.18B |
| Current assets | |||
| Cash | — | — | — |
| Cash equivalents | — | — | — |
| Cash and cash equivalents | 262.32M | 10.09M | 13.85M |
| Other short term investments | — | — | — |
| Accounts receivable | 160.92M | 133.21M | 188.65M |
| Other receivables | 112.04M | 82.43M | — |
| Inventory | 319.62M | 323.28M | 291.45M |
| Prepaid assets | — | — | — |
| Restricted cash | — | — | — |
| Assets held for sale | — | — | — |
| Hedging assets | — | — | — |
| Other current assets | 37.52M | 17.85M | 18.64M |
| Non current assets | |||
| Properties | 633.74M | 637.97M | 634.81M |
| Land and improvements | 154.48M | 150.81M | 149.07M |
| Machinery furniture equipment | 1.59B | 1.49B | 1.41B |
| Construction in progress | 28.84M | 88.16M | 50.43M |
| Leases | — | — | — |
| Accumulated depreciation | -1.26B | -1.17B | -1.10B |
| Goodwill | 559.78M | 562.51M | 569.08M |
| Investment properties | — | — | — |
| Financial assets | — | — | — |
| Intangible assets | 10.82M | 13.43M | 16.23M |
| Investments and advances | 41.22M | 36.70M | 38.48M |
| Other non current assets | — | — | 15.25M |
| Total liabilities | 1.33B | 1.27B | 1.23B |
| Current liabilities | |||
| Accounts payable | 107.66M | 87.37M | 82.60M |
| Accrued expenses | 120.11M | 88.78M | 74.83M |
| Short term debt | 20.03M | 251.42M | 123.23M |
| Deferred revenue | 51.38M | 39.84M | 32.35M |
| Tax payable | — | — | — |
| Pensions | 48.10M | 29.19M | 25.73M |
| Other current liabilities | — | — | — |
| Non current liabilities | |||
| Long term debt | 706.34M | 479.54M | 611.29M |
| Provision for risks and charges | — | — | — |
| Deferred liabilities | 174.54M | 175.80M | 168.53M |
| Derivative product liabilities | — | — | — |
| Other non current liabilities | 105.65M | 93.50M | 91.96M |
| Shareholders equity | |||
| Common stock | 570,000 | 800,000 | 800,000 |
| Retained earnings | 665.87M | 494.66M | 430.45M |
| Other shareholders equity | -11.32M | -12.35M | -24.49M |
| Total shareholders equity | 1.27B | 1.03B | 952.84M |
| Additional paid in capital | 614.51M | 549.11M | 549.71M |
| Treasury stock | 3.63M | 3.63M | 3.63M |
| Minority interest | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 182.87M | 116.22M | 129.76M | 147.33M |
| Depreciation | 123.81M | 117.80M | 100.97M | 89.63M |
| Deferred Taxes | -1.61M | 2.08M | 32.86M | 1.75M |
| Stock-Based Compensation | 2.89M | 1.27M | 1.85M | 1.78M |
| Other Non-Cash Items | 7.01M | 8.38M | -12.06M | 5.91M |
| Accounts Receivable | -38.77M | -40.51M | 18.25M | 881,000 |
| Accounts Payable | 33.09M | 17.49M | -13.90M | -10.66M |
| Other Assets & Liabilities | 33.08M | -9.57M | -68.03M | 2.82M |
| Operating Cash Flow | 342.37M | 213.15M | 189.70M | 239.43M |
| Investing Activities | ||||
| Capital Expenditures | 8.28M | 22.88M | 12.02M | 8.21M |
| Net Intangibles | — | — | — | — |
| Net Acquisitions | — | 1.75M | -235.22M | -56.68M |
| Purchase of Investments | — | -2.34M | -837,000 | -1.51M |
| Sale of Investments | — | — | — | — |
| Investing Cash Flow | 8.28M | 22.28M | -224.04M | -49.99M |
| Financing Activities | ||||
| Long-Term Debt Issuance | 905.28M | — | 281.98M | — |
| Long-Term Debt Payments | -3.65M | -207.31M | -221,000 | -2.49M |
| Other Financing Charges | -867.23M | -56.02M | -57.96M | -45.46M |
| Financing Cash Flow | 34.39M | -55.32M | 223.80M | -47.95M |
| Other Cash Details | ||||
| End Cash Position | 262.32M | 10.09M | 13.85M | 7.07M |
| Income Tax Paid | — | — | — | — |
| Interest Paid | — | — | — | — |
| Free Cash Flow | 211.44M | 29.28M | 7.01M | 96.53M |
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Article
Knife River Corporation Announces Fourth Quarter and Full-Year 2024 Results Conference Call
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its fourth quarter and full-year 2024 earnings conference call at 11 a.m. EST Thursday, February 13, 2025. Financial results for the quarter will be released that morning before the NYSE market opens. A live webcast of the call, along with presentation slides, will be available in the Investors section of the Knife Rive.
Jan 27, 2025
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KNF inks a deal to acquire Strata for $454 million, boosting its Central Segment and supporting long-term growth.
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Knife River Enters Definitive Agreement to Acquire Strata Corporation
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has entered into a definitive agreement to acquire Strata Corporation, a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata's projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits. Founded in 1910, Strata is an aggregates-based, vertically integrated company with over 75 aggre.
Dec 20, 2024
