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AI brief of an SEC Form 8-K · Knife River (KNF)

Knife River Q3 revenue rises 1% to $1.1 billion; 2024 guidance narrowed

Mixed Impact 3 of 5 earnings Written later

Knife River reported third quarter 2024 revenue of $1.1 billion, up 1% from a year earlier, and net income of $148.1 million, also up 1%. Adjusted EBITDA fell 1% to $245.2 million, and the company narrowed its full-year 2024 revenue and adjusted EBITDA guidance. Shareholders get higher top-line and earnings figures for the quarter, but adjusted EBITDA slipped and the company has spent $129.3 million on six acquisitions since the start of the fourth quarter.

Key points

  • Q3 2024 revenue $1,105.3 million vs. $1,090.4 million; net income $148.1 million vs. $146.7 million
  • Diluted EPS $2.60 vs. $2.58 a year earlier; adjusted EBITDA $245.2 million vs. $247.5 million
  • Full-year 2024 guidance: revenue $2.85 billion to $2.95 billion; adjusted EBITDA $445 million to $465 million
  • Through Nov. 2, 2024, the company deployed $129.3 million on six acquisitions, including Albina Asphalt purchased Nov. 2

The filing

CompanyKnife River (KNF)
Form8-K, current report
Filed with the SECNov 4, 2024, 7:52 AM ET
Accession number0001955520-24-000049

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.