earnings
confidence high
sentiment neutral
materiality 0.75
Knife River Q2 revenue up 13% to $938.6M; net income down 13%; raises guidance
Knife River Corp
- Revenue $938.6M (+13% YoY); net income $43.9M (-13%); EPS $0.77 vs $0.89.
- Adjusted EBITDA $139.7M (-1% YoY); margin 14.9% vs 16.9%.
- Contracting services revenue grew 20%; backlog rose to $1.2B from Q1.
- Raised full-year guidance for revenue and aggregate volumes.
- Double-digit volume and gross profit growth across all material product lines.