MDU Resources Group Inc. reported first-quarter earnings on a generally accepted accounting principles (GAAP) basis of $38.3 million, or 19 cents per share, with adjusted earnings of $46.6 million, or 23 cents per share, compared to first quarter 2022 GAAP earnings of $31.7 million, or 16 cents per share. MDU Resources announced on Aug. 4, 2022, its intent to separate…
Read MoreTag: Knife River
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 MoreMDU Resources Expects Second Quarter Spinoff of Knife River Corp.
MDU Resources Group Inc. submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction materials business, Knife River Corp. MDU Resources expects the spinoff of Knife River will be complete in the second quarter of 2023. MDU Resources had announced on Aug. 4 its intent…
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 Resources to Spin Off Knife River Corp.
MDU Resources Group Inc. announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corp., from the company.
Read MoreFirst Look – January 2022
Knife River Acquires Two Oregon Construction Materials Producers
Knife River Corp. has acquired Baker Rock Resources and Oregon Mainline Paving, two premier construction materials companies that expand Knife River’s platform in the Pacific Northwest. Knife River is the construction materials subsidiary of MDU Resources Group Inc.
Read MoreCould a Closed Quarry Bring Baseball to Oregon?
June 15, 2021 – A Portland, Ore., developer is swinging for the fences with a proposal that not only sets the stage to entice Major League Baseball to Oregon, but also brings needed housing, industry and parks into Rockwood, Ore. And the star of the plan is Knife River’s closed Rockwood sand and gravel quarry. Barry Smith, an architect, has drafted plans to…
Read MoreKnife River Receives Permit to Expand Texas Quarry
Knife River Corp., the construction materials subsidiary of MDU Resources Group Inc., has received permitting to expand operational capabilities at its Honey Creek quarry northwest of Austin, Texas.
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