Welcome to our dedicated page for Knife River Ord Shs When Issued news (Ticker: KNF), a resource for investors and traders seeking the latest updates and insights on Knife River Ord Shs When Issued stock.
Knife River Ord Shs When Issued (KNF) delivers essential construction materials and integrated contracting services across North America. This news hub provides investors and industry professionals with direct access to official corporate announcements, financial disclosures, and strategic developments.
Our curated collection features KNF's latest earnings reports, contract awards, operational updates, and leadership changes. Track material events across the company's core segments including aggregates production, asphalt supply chains, and specialized energy services that support infrastructure projects nationwide.
All content is sourced directly from Knife River's investor relations team and regulatory filings to ensure accuracy. The repository serves as a historical archive while maintaining focus on recent developments impacting the company's market position in the construction materials sector.
Bookmark this page for streamlined access to KNF's evolving business narrative. Combine our news feed with SEC filings and industry analysis for complete perspective on this vertically integrated construction leader.
Knife River Corporation (NYSE: KNF), a construction materials and contracting services company, reported mixed Q2 2025 results with revenue increasing 3% to $833.8 million but net income declining 35% to $50.6 million. The company achieved a record backlog of $1.3 billion, up 30% year-over-year.
Weather challenges significantly impacted operations, with rain affecting nearly 40% of workdays in key markets. The company completed two strategic acquisitions: Kraemer Trucking and Excavating in Minnesota and High Desert Aggregate and Paving in Oregon. Due to weather impacts and decreased work availability in Oregon, Knife River revised its full-year 2025 adjusted EBITDA guidance to $475-525 million.
Pricing showed strength with double-digit increases in aggregates, high-single-digit increases in ready-mix, and low-single-digit increases in asphalt. The company's net leverage ratio stood at 3.1x with expectations to reach 2.5x by year-end.
Knife River Corporation (NYSE: KNF), a construction materials and contracting services company specializing in aggregates, has scheduled its second quarter 2025 earnings conference call for Tuesday, August 5, 2025, at 11 a.m. EDT.
The company will release its financial results before the NYSE market opens on the same day. Investors can access the live webcast and presentation slides through the company's investor relations website. The conference call will be available via both domestic (1-800-549-8228) and international (1-289-819-1520) dial-in numbers using conference ID 17599.
Knife River (NYSE: KNF) has announced the promotion of Sarah L. Stevens to Vice President and Chief People Officer, succeeding Nancy K. Christenson who retired after a 47-year tenure with the company. Stevens, previously Vice President of Human Resources, brings 19 years of experience at Knife River to her new role.
In her position as Chief People Officer, Stevens will oversee Human Resources, compensation and benefits, HR compliance, team member relations, recruitment and retention, training and career development. She holds an MBA from George Fox University, an undergraduate degree from the University of Puget Sound, and maintains SPHR and SHRM-SCP certifications.
Knife River (NYSE: KNF), a vertically integrated construction materials and contracting services company with a focus on aggregates, has scheduled its first quarter 2025 earnings conference call for May 6, 2025, at 11 a.m. EDT. The company will release its Q1 2025 financial results before the NYSE market opens on the same day.
The earnings call will be accessible via a live webcast on the company's investor relations website, with presentation slides available. Participants can join through domestic (1-800-549-8228) or international (1-289-819-1520) phone lines using conference ID 83668. An on-demand replay will be available after the call.
Knife River (NYSE: KNF) has completed its acquisition of Strata for $454 million, representing approximately 9x Strata's projected 2025 EBITDA. The acquisition strengthens Knife River's Central Region operations and includes significant assets:
- Extensive aggregate reserves with 3 million tons sold in 2024
- Transportation fleet including 7 locomotives and 400+ railcars
- 28 ready-mix plants with ~120 trucks
- 3 asphalt plants for public works
- Contracting services division for asphalt paving and concrete construction
The deal brings aboard 900+ seasonal team members, including Strata President Paddy Murphy, who will lead Knife River's North Dakota operations. The acquisition was financed through cash and a $500 million Term Loan B. Knife River expects the acquisition to be accretive to Adjusted EBITDA margin within the first year and will update its 2025 financial guidance in Q1 earnings.
Knife River (NYSE: KNF) reported record financial results for Q4 and full-year 2024. The company achieved full-year revenue of $2.89 billion (up 2%), net income of $201.7 million (up 10%), and adjusted EBITDA of $463 million (up 7%).
Q4 2024 highlights include revenue of $657.2 million (up 2%), net income of $23.3 million (up 12%), and adjusted EBITDA of $81.2 million (up 12%). The company's backlog stands at $746 million, 13% higher than last year.
The company announced its pending acquisition of Strata for $454 million, expected to close in H1 2025. For 2025, Knife River provided guidance of $3.0-3.2 billion in revenue and $485-535 million in adjusted EBITDA, excluding the Strata acquisition impact.
Knife River (NYSE: KNF), a construction materials and contracting services company, has scheduled its fourth quarter and full-year 2024 earnings conference call for February 13, 2025, at 11 a.m. EST. The company will release its financial results before the NYSE market opens on the same day.
The earnings call will be accessible through a live webcast on the company's investor relations website, with presentation slides available. Participants can join via phone using the following details: Domestic: 1-800-549-8228, International: 1-289-819-1520, Conference ID: 23801. An on-demand replay will be available after the call.
Knife River (NYSE: KNF) has announced a definitive agreement to acquire Strata for $454 million, representing a high single-digit multiple based on Strata's projected 2025 Adj. EBITDA. Founded in 1910, Strata is a vertically integrated construction materials provider with over 75 aggregates locations, 28 ready-mix plants, three asphalt plants, and extensive rail assets in North Dakota and northwestern Minnesota.
The acquisition, expected to close in first half 2025, will be financed through cash on hand and long-term debt issuance. Knife River expects the deal to be accretive to its Adj. EBITDA margin within the first year. Strata, which employs over 900 team members during peak season, will integrate into Knife River's Central Segment, expanding the company's service territory in a familiar region.
Knife River (NYSE: KNF) has appointed Glenn R. Pladsen as Vice President and Chief Excellence Officer, effective January 1, 2025. Pladsen will lead core elements of the company's 'Competitive EDGE' strategy, focusing on EBITDA Margin Improvement, Discipline, Growth, and Excellence. In his current role as vice president of support services, Pladsen has been instrumental in launching Process Improvement Teams (PIT Crews) and the Knife River Training Center. The expanded role aims to achieve industry-leading safety performance and excellence across commercial and operational initiatives.
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