Knife River Corporation ( (KNF) ) has released its Q3 earnings. Here is a breakdown of the information Knife River Corporation presented to its investors.
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Knife River Corporation, a vertically integrated construction materials and contracting services company, specializes in aggregates and operates primarily in the construction industry, focusing on publicly funded DOT projects and private ventures.
In its third-quarter 2025 earnings report, Knife River Corporation announced record revenue and adjusted EBITDA, driven by strategic acquisitions and a strong backlog, positioning the company well for 2026.
Key financial highlights include a 9% increase in revenue to $1.2 billion and an 11% rise in adjusted EBITDA to $272.8 million. Despite a 3% decline in net income to $143.2 million, the company saw improvements in adjusted EBITDA margin and gross margins across its product lines. Strategic acquisitions and pricing optimization contributed significantly to these results.
The company also reported a record backlog of $995 million, a 32% increase from the previous year, with significant growth in the Central and Mountain segments. Challenges such as weather-related delays and economic uncertainty in Oregon were offset by strategic growth initiatives and operational efficiencies.
Looking ahead, Knife River Corporation remains optimistic about its growth prospects, narrowing its full-year 2025 revenue guidance to $3.1 billion to $3.15 billion and adjusted EBITDA guidance to $475 million to $500 million. The company is focused on cost management, price optimization, and leveraging its strong backlog to drive profitable growth into 2026.