Knife River: Fourth Quarter Earnings Overview
Knife River Corp. Exceeds Q4 Earnings Expectations
Knife River Corp., headquartered in Bismarck, North Dakota, announced on Tuesday that it achieved $32 million in net income for the fourth quarter.
The company reported earnings of 56 cents per share, outperforming the consensus estimate of 41 cents per share from four analysts polled by Zacks Investment Research.
During the quarter, Knife River generated $755.1 million in revenue, surpassing the $721.4 million forecasted by three Zacks analysts.
For the entire fiscal year, the company recorded a profit of $157.1 million, or $2.76 per share, with total revenue reaching $3.15 billion.
Looking ahead, Knife River projects its full-year revenue to fall between $3.3 billion and $3.5 billion.
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