secwatch.observer — SEC 8-K summary
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Issuer:     Knife River Corp (KNF)
CIK:        0001955520
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001955520-24-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1955520/000195552024000022/0001955520-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1955520/000195552024000022/knf-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001955520-24-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer