KNFKnife River Corp
Compact View
Earnings Recap
• Reported GAAP EPS of -$1.40 down -15.70% YoY • Reported revenue of $410.1M up 16.02% YoY • Knife River expects full-year 2026 revenue between $3.3B and $3.5B, with Adjusted EBITDA projected from $520M to $560M, and mid-single digit to mid-teen volume increases across product lines.
Bullish
Knife River achieved 16% revenue and Adjusted EBITDA growth, driven by volume increases and cost controls. The company completed three strategic acquisitions and secured a record $1.2B first quarter backlog, indicating strong demand.
Bearish
Knife River experienced an increased net loss and segment EBITDA declines in West and Central regions. Furthermore, backlog margins are expected to be lower, and a significant portion of the company's backlog depends on publicly funded projects.