Knife River Corporation (KNF), a construction materials and contracting services company, Monday reported net income of $148.1 million or $2.60 per share for the third quarter, higher than $146.7 million or $2.58 per share in the same quarter a year ago. The company also narrowed its full-year revenue outlook.
Operating income declined to $209.1 million from $210.2 million last year.
Revenue for the quarter grew to $1.105 billion from $1.090 billion in the previous year.
For the full year, Knife River now expects revenue in the range of $2.850 billion - $2.950 billion, compared with the prior outlook of $2.8 billion - $3 billion.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.