TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended March 31, reporting total revenues of $1,635 billion, versus $1,546 billion in the first quarter of 2024. Aggregates segment gross profit increased 18% to $357 million ($7.48 per ton), and gross profit margin expanded 320 basis points to 26.7%. Knife River Corp.Knife River announced financial results for the…
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Knife River Revenues Up; Aggregates Profit Down
Knife River Corp. announced financial results for the first quarter ended March 31. The company reported consolidated revenue of $353.5 million, a 7% increase from the prior-year period, primarily driven by a $14.6 million increase to its contracting services revenues and price increases on asphalt, aggregates and ready-mix.
Read MoreKnife River Names Stevens Chief People Officer
Knife River Corp. promoted Sarah L. Stevens to vice president and chief people officer (CPO). Stevens is succeeding vice president of administration Nancy K. Christenson, who retired after 47 years with the company. “Nancy’s professionalism, work ethic and expertise have been invaluable to Knife River for nearly five decades,” said Knife River President and CEO Brian Gray. “More than that,…
Read MoreKnife River Enters Definitive Agreement to Acquire Strata Corp.
Knife River Corp. has entered into a definitive agreement to acquire Strata Corp., a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata’s projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits.
Read MoreKnife River Announces Record Results; Reports Six Acquisitions
Knife River Corp. announced financial results for the third quarter ended Sept. 30, as well as several acquisitions. For the three months ended Sept, 30,, the company reported record consolidated revenue of $1.1 billion, a 1% increase from the prior-year record revenue. Although volumes have declined as a direct result of our quality over quantity approach, record revenue was primarily…
Read MoreFormer Summit Exec Hill Joins Knife River Board
Knife River Corp. announced today that Thomas W. Hill has been elected by Knife River’s stockholders at the 2024 annual meeting of stockholders to serve on its board of directors. Hill brings deep construction materials knowledge and decades of corporate leadership experience to the Knife River board. He previously served on the boards for CRH plc and Summit Materials Inc., and…
Read MoreKnife River Revenues Jump 7% in First Quarter
Knife River Corp. announced financial results for the first quarter ended March 31. The company reported record consolidated revenue of $329.6 million, a 7% increase from the prior-year period, driven by price increases across most product lines and increased contracting services revenues. Also in the quarter, the company experienced a seasonal net loss of $47.6 million, compared to a seasonal…
Read MoreKnife River Publishes 2023 Sustainability Report
Knife River Corp. has published its first sustainability report as a stand-alone company. The report highlights the commitments Knife River has made to sustainable business practices. “At Knife River, our core values of People, Safety, Quality and the Environment guide our sustainability efforts,” said Brian Gray, Knife River president and CEO. “Our sustainability report showcases how each of these values…
Read MoreKnife River Reports its First Results as a Stand-Alone Company
Knife River Corp., an aggregates-led, vertically integrated construction materials and contracting services company, announced financial results for the second quarter ended June 30. Knife River reported second quarter consolidated revenue of $785.2 million, a 10% increase from the prior-year period, led by strong results in each region and more than 10% price increases across all consolidated product lines. “I am…
Read MoreMDU Resources Names Nathan Ring CFO of Knife River Corp.
MDU Resources Group Inc. named Nathan W. Ring chief financial officer of the company’s wholly owned construction materials subsidiary, Knife River Corp. effective upon completion of the planned separation of Knife River. Ring currently is vice president of business development at Knife River. MDU Resources previously announced it expects its spinoff of Knife River into an independent, publicly traded company…
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