Knife River posts record Q3 revenue $1.09B, net income $146.7M, raises guidance

Knife River Corp

2023-Q3 EPS reported $2.86 revenue$2,183,462,000

Revenue $1,090.4M (+12% YoY); net income $146.7M (+47%); diluted EPS $2.58.
Adjusted EBITDA $247.5M (+43%); margin improved to 22.7% from 17.8%.
Company raised full-year revenue and Adjusted EBITDA guidance (specific not disclosed).
Competitive EDGE initiatives cited for strong margin improvement.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Knife River Corp reported the third quarter ended September 30, 2023 results: revenue $1,090.4, net income $146.7, EPS $2.58. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $1,090.4
Net income: $146.7
EPS: $2.58
Guidance: raised
Result: reported results

Exact text from the filing

today announced financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights (In millions, except per share) 2023 2022 % Change Revenue $1,090.4 $975.4 12% Gross profit $269.4 $184.5 46% Net income $146.7 $99.7 47% EBITDA $241.4 $172.1 40% EBITDA margin 22.1% 17.6% Adjusted EBITDA $247.5 $173.1 43% Adjusted EBITDA margin

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Source: SEC EDGAR

accession 0001955520-23-000019

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