earnings
confidence high
sentiment positive
materiality 0.70
Knife River Q2 2024: record revenue $807M, net income up 37%, raises guidance
Knife River Corp
2024-Q2 EPS reported
$0.53
revenue$1,136,496,000
- Revenue $806.9M (+3% YoY); net income $77.9M (+37%); diluted EPS $1.37 (vs $1.00).
- Adjusted EBITDA $154.3M (+22%); margin expanded to 19.1% from 16.1%.
- Gross profit $176.2M (+15%), gross margin improved to 21.8% from 19.5%.
- Raised full-year revenue and adjusted EBITDA guidance.
- Trailing-twelve-month net income margin 6.9% vs 5.1% a year ago.