Knife River reports Q3 EPS $2.52, consensus $2.60

Reports Q3 revenue $1.2B, consensus $1.21B. “Our team faced external headwinds in the third quarter and responded with better year-over-year results, including record revenue and Adjusted EBITDA,” Knife River (KNF) President and CEO Brian Gray said. “Growth, including strategic M&A, is a core component of our Competitive EDGE strategy to deliver long-term shareholder value. We benefited during the quarter from our recent acquisitions, which boosted our operations through a rainy summer, economic uncertainty in Oregon and a slower paving season in the Mountain Segment.”