Knife River posts record Q1 revenue of $329.6M but net loss widens to $47.6M

Knife River Corp

2024-Q1 EPS reported -$0.84 revenue$329,590,000

Revenue $329.6M (+7% YoY) and gross profit $6.5M (+59% YoY).
Net loss $47.6M ($0.84 per share) vs $41.3M ($0.73) in prior year.
Adjusted EBITDA -$17.7M (margin -5.4%) vs -$13.7M (-4.5%).
Backlog increased at higher expected margins; organic and acquisition growth advanced.

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