Knife River reports Q1 EPS ($1.21), consensus (86c)

Reports Q1 revenue $353.5M, consensus $338.34M. “Our typical seasonal loss in the Q1 was in line with our expectations, and Knife River (KNF) remains on track to have our most profitable year in history – including record revenue, net income and adjusted EBITDA,” said Knife River President and CEO Brian Gray. “We made substantial investments in the Q1 to prepare for a successful 2025. That includes closing on the acquisition of Strata Corporation, which we expect will positively impact our financial results starting in the second quarter. We anticipate a $45M EBITDA contribution from Strata for the full year, at margins accretive to Knife River. Additionally, our corporate development team is pursuing other strategic targets and moving them toward completion.”