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Knife River Holding shared that its sales grew 6% to $1.3 billion last quarter.

ResultsRead the original at Benzinga
Good for KNF

Knife River's sales rose 6%, and its aggregates business had a record quarter with more volume and lower production costs. Project delays, fuel costs and weaker contracting work remain concerns, but the reported results support a positive outlook.

KNF · Knife River Holding

AI read · Good for KNF

The AI's read

Better prices, more sales and lower production costs helped aggregates reach a record quarter. Knife River also plans more than $125 million in aggregate investments over 3 years. Project delays, higher fuel costs and weaker contracting work still weigh on results. The aggregate gains and full-year ranges support a positive reading, though those ranges assume normal conditions.

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