MDU Resources Group Inc. announced the anticipated board of directors for Knife River Holding Co., effective upon completion of the planned separation of MDU Resources’ construction materials subsidiary into an independent, publicly traded company. The separation is expected to be completed in the second quarter of 2023. Knife River’s post-separation board is expected to consist of six directors, including five…
Read MoreTag: MDU Resources Group
MDU Resources Names Knife River Executive Team
MDU Resources Group Inc.’s board of directors has selected the management team who will lead Knife River Corp., the company’s construction materials subsidiary, effective upon completion of the anticipated separation of Knife River into an independent, publicly traded company. MDU Resources expects to complete the spinoff in the second quarter. Additionally, the board has named Knife River President Brian R. Gray…
Read MoreMDU Construction Materials Business Has Record Year
MDU Resources Group Inc. reported 2022 earnings on a generally accepted accounting principles (GAAP) basis of $367.5 million, or $1.81 per share, with adjusted earnings of $380.2 million, or $1.87 per share, compared to 2021 GAAP earnings of $378.1 million, or $1.87 per share. In the fourth quarter, the company on a GAAP basis earned $117.1 million, or 57 cents…
Read MoreFirst Look – February 2023
TOP NEWS Lehigh Hanson Becomes Heidelberg MaterialsLehigh Hanson Inc. announced it has now changed its brand to Heidelberg Materials effective immediately. Previously announced in September of last year, this new brand identity goes into effect for the company’s corporate office and its core brands of Lehigh Cement and Hanson Aggregates. BURNCO Rock Products Closes Action Ready Mix DealBURNCO Rock Products…
Read MoreGray Named President of Knife River Corp.
The board of directors of MDU Resources Group Inc. named Brian R. Gray president of the company’s wholly owned construction materials subsidiary, Knife River Corp., effective Jan. 1, 2023. David C. Barney will remain Knife River’s chief executive officer. On Aug. 4, MDU Resources announced its intent to separate Knife River into an independent, publicly traded company. The separation is…
Read MoreMDU Construction Materials Business Rises in Second Quarter
MDU Resources Group Inc. reported second quarter earnings of $70.7 million, or 35 cents per share, compared to second quarter 2021 earnings of $100.2 million, or 50 cents per share. For the six months ended June 30, MDU Resources earned $102.4 million, or 50 cents per share, compared to $152.3 million, or 76 cents per share, in 2021. “Both our…
Read MoreMDU Resources Recognized for Gender-Balanced Board of Directors
June 8, 2022 – Kudos to MDU Resources Group Inc., parent company of Knife River Corp., which was recognized by 50/50 Women on Boards for having a gender-balanced board of directors. MDU Resources’ board is composed of nine directors. Four women, Karen B. Fagg, Patricia L. Moss, Dale S. Rosenthal and Chenxi Wang, currently serve on the board. “We seek and…
Read MoreMDU Resources Records Strong Construction Materials Growth
MDU Resources Group Inc. reported third-quarter consolidated adjusted earnings of $74.9 million, or 38 cents per share, compared to $68.2 million, or 35 cents per share for the third quarter of 2014. On a Generally Accepted Accounting Principles basis the company reported a loss of $139.6 million, or 72 cents per share, compared to third-quarter 2014 earnings of $103.0 million,…
Read MoreMDU Construction Materials Business Grows
MDU Resources Group Inc. reported 2014 consolidated GAAP earnings of $297.5 million, or $1.55 per share, compared to $278.2 million, or $1.47 per share, in 2013. Consolidated GAAP earnings in the fourth quarter were $84.1 million, or 43 cents per share, compared to earnings of $91.3 million, or 48 cents per share, in 2013.
Read MoreMDU Resources Names New Treasurer
MDU Resources Group Inc. named Jason L. Vollmer to the position of treasurer and director of cash and risk management, effective Nov. 29, to replace Douglass A. Mahowald, who will retire after nearly 33 years with the company.
Read More