Knife River Corporation Projects Annual Revenue Between $3.375B and $3.425B
Knife River Corporation (KNF) reported a strong third quarter, with revenue increasing 6% year-over-year to $1.3 billion. The company achieved an adjusted EBITDA of $272 million, maintaining an adjusted EBITDA margin exceeding 21%, according to CEO Brian Gray. Looking ahead, the company has provided optimistic full-year guidance, anticipating annual revenue in the range of $3.375 billion to $3.425 billion and adjusted EBITDA between $475 million and $505 million. This growth strategy includes a planned $125 million rollout of its Sharper EDGE initiative.
Tickers: $KNF
Topics: earnings EBITDA margin revenue growth