Knife River Q3 revenue $1.105B, net income $148.1M, both records; narrows FY guidance

Knife River Corp

2024-Q3 EPS reported $3.14 revenue$2,241,789,000

Q3 revenue $1,105.3M (+1% YoY); net income $148.1M (+1%); diluted EPS $2.60.
Nine-month revenue $2,241.8M (+3%); net income $178.4M (+10%); EPS $3.14.
Adjusted EBITDA $245.2M (margin 22.2%) vs $247.5M (22.7%) a year ago.
Recently acquired aggregates and liquid asphalt businesses; no deal value disclosed.
Narrowed FY 2024 revenue and adjusted EBITDA guidance ranges (prior ranges tightened).

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