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KNF News
KNF Events
Knife River Q2 Revenue at $938.6M, Up 13%
Reports Q2 revenue $938.6M, consensus $937.15M. "During the quarter, we delivered 13% year-over-year revenue growth, including 20% revenue growth in contracting services," said Knife River President and CEO Brian Gray. "That pull-through demand, combined with contributions from acquisitions, helped us generate double-digit volume and gross profit growth across our material product lines. Aggregate pricing also improved by 8% on a product mix-adjusted basis. The fundamentals of our business are strong. During the quarter, headwinds related to energy costs, delayed impact projects, and the type and timing of contracting services impacted Adjusted EBITDA and margins. Last year, we also benefited in the second quarter from $10.3 million in gains on asset sales, compared to just $650,000 this quarter. Despite these factors, we delivered strong operational results year-over-year. With the majority of the construction season still ahead of us, we have opportunities to execute on our $1.2 billion contracting services backlog, driving volume and gross profit improvement in all of our product lines. Additionally, we continue to implement our self-help initiatives to improve margins - including price optimization and operational efficiencies. "The acquisitions we have completed over the last two years also continue to perform as expected, and we have several targets in our pipeline that align with our growth strategy. In addition, we have multiple organic growth projects underway across our footprint, including aggregates reserve expansions designed to strengthen our position, support future earnings growth and create long-term shareholder value."
Company Expects Adjusted EBITDA of $520M to $560M
Sees adjusted EBITDA $520M-$560M. The company further expects: Aggregates volumes to increase high-single digits and pricing to increase mid-single digits. Ready-mix volumes to increase mid-teens. Asphalt volumes to increase high-single digits. Depreciation, depletion and amortization to increase mid-teens. The guidance ranges are based on normal weather, economic and operating conditions, and do not include the expected impact of future acquisitions.
Sees FY26 Adjusted EBITDA at $520M-$560M
Sees FY26 adjusted EBITDA $520M-$560M
Knife River Q1 Revenue $410.1M Beats Expectations
Reports Q1 revenue $410.1M, consensus $387.04M. "We had a good start to 2026, improving year-over-year revenue by 16%, adjusted EBITDA by 16% and adjusted EBITDA margin by 290 basis points," said Knife River President and CEO Brian Gray. "We realized double-digit volume increases across our product lines and we reduced our per-unit costs, which drove gross profit improvements for aggregates, ready-mix and asphalt. We also generated more contracting services revenue than the same time last year, taking advantage of better weather and more activity across our segments."
Knife River Acquires Assets of Donaldson Brothers Ready Mix
Knife River announced that it has acquired the assets of Donaldson Brothers Ready Mix, an aggregates-based ready-mix supplier in western Montana. This is Knife River's third acquisition in its Mountain Segment in 2026. Donaldson is a supplier of aggregates and ready-mix in the growing Bitterroot Valley, south of Missoula. In addition to three aggregates sources that provide the business with over 30 years of supply, Donaldson operates a ready-mix plant and manufactures precast concrete products.
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