The quarterly profit of 56 cents per share comfortably cleared the 40 cents per share consensus among analysts surveyed by FactSet. Total revenue climbed to $755.1 million, up from $657.2 million in the prior-year period. The sharp upward move on Tuesday saw shares trading at $90.65, tempering a 13% decline the stock had experienced over the previous 12 months.
In section Market Quotes
Knife River Stock Surges on Earnings Beat and Upgraded Outlook
Knife River shares jumped 12% on Tuesday morning after the construction materials provider reported fourth-quarter earnings and a long-term revenue forecast that cleared Wall Street expectations. The company posted a net profit of $32 million, fueled by double-digit revenue growth across its core materials and contracting divisions.
Segment Growth and Forward Guidance
The company reported broad-based strength across its operational units, according to the financial report. Both primary segments saw significant year-over-year gains:
- Revenue from construction materials rose to $407.9 million.
- Contracting services revenue increased to $347.2 million.
- The 2026 revenue forecast was set between $3.3 billion and $3.5 billion.
Comments (0)
No comments yet. Be the first!