Knife River Corporation (KNF), a provider of construction materials and contracting services, on Tuesday reported increased profit for the fourth quarter, reflecting higher revenue across its business segments. The company also issued a 2026 revenue outlook above 2025 revenue. Its shares were up more than 4% in pre-market trading.
Fourth-quarter net income was $32 million, or $0.56 per share, up from $23.3 million, or $0.41 per share a year earlier.
Operating income increased to $65.2 million from $44 million last year.
Total revenue rose to $755.1 million from $657.2 million in the prior-year quarter, driven by growth in construction materials to $407.9 million from $355.8 million and contracting services to $347.2 million from $301.4 million.
For the full year 2026, the company expects revenue in the range of $3.3 billion - $3.5 billion. This compares with 2025 revenue of $3.146 billion. Knife River shares closed at $80.77 on Friday, down 0.86%.
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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.