NYSE$KNF
Knife River Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Knife River Corporation achieved record Q4 revenue of $657.2 million, driven by price increases in aggregates, ready-mix, and asphalt. Net income grew 12% to $23.3 million, with an operating margin of 6.7%. The company continued its margin expansion strategy and made strategic acquisitions, including the pending $454 million acquisition of Strata Corporation.
Headline financials
Revenue & EPS history
Knife River · Revenue · Quarterly
$657M
Forward guidance
Knife River expects 2025 revenue between $3.0 billion and $3.2 billion, with adjusted EBITDA projected between $485 million and $535 million. The company is focused on margin expansion, strategic acquisitions, and pricing improvements.
Tailwinds
- Price increases expected in aggregates, ready-mix, and asphalt.
- Volume growth anticipated across all product lines.
- Integration of Strata Corporation acquisition expected to drive EBITDA growth.
- Operational efficiency initiatives to continue under EDGE strategy.
- Strong backlog of $746 million, up 13% YoY.
Headwinds
- Lower liquid asphalt pricing may impact margins.
- Macroeconomic uncertainties could affect construction demand.
- Regulatory review of Strata acquisition may delay expected synergies.
- Weather conditions could impact project execution timelines.
- Interest rate environment may affect financing costs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q4 2024
+1.5%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+3.3%
Avg return
30 days after
64%
9 / 14 earnings
Positive
+16.6%
Q4 2025
Best reaction
-6.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.6% | +0.2% | -15.2% | |
| Q4 2025 | +16.6% | +12.3% | -1.0% | |
| Q3 2025 | +8.5% | +16.2% | +21.2% | |
| Q1 2025 | -5.3% | -2.0% | -4.8% | |
| Q4 2024 | +4.3% | +8.0% | -4.1% | |
| Q3 2024 | -6.0% | +3.7% | +6.3% | |
| Q2 2024 | -0.7% | +3.6% | +6.4% | |
| Q1 2024 | -5.7% | -2.8% | -16.0% | |
| Q4 2021 | +0.1% | +3.1% | +12.2% | |
| Q4 2023 | +1.0% | +0.2% | +9.2% | |
| Q3 2023 | +1.2% | +2.4% | +12.1% | |
| Q3 2022 | +1.2% | +2.4% | +12.1% | |
| Q2 2023 | +5.0% | +6.5% | +4.3% | |
| Q2 2022 | +5.0% | +6.5% | +4.3% | |
| Q1 2023 | — | — | — | |
| Q4 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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