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KPIsSections17

Income flow

Headline metrics
Revenue — GREEN$1.35B+14.0% YoY
Gross margin — GREEN11.9%
Net income — GREEN-$35.3M-94.9% YoY
Net margin — GREEN-2.6%
Operating margin — RED-0.4%
Red flags3 red
Liquidity3
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Cash conversion (CFO/Rev) -9.9%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
RED
Cash runway ~0.3 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
Income Statement
MetricValueFlag
EPS (diluted)$-0.62GREEN
Gross Margin11.9%GREEN
Net Income-$35.3MGREEN
Net Margin-2.6%GREEN
Operating Margin-0.4%RED
Revenue$1.35BGREEN
Revenue (quarter)$938.6MGREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Broad Liquidity$40.7MGREEN
Cash$40.7MGREEN
Current Ratio2.66GREEN
Debt/Equity1.00GREEN
Total Assets$4.18BGREEN
Total Equity$1.61BGREEN
Cash Flow
Cash Flow
MetricValueFlag
Cash Conversion (CFO/Rev)-0.10GREEN
Free Cash Flow-$283.8MGREEN
Operating CF-$133.6MGREEN
SBC % Revenue0.4%GREEN

Sections in this filing

MD&A

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). Forward-looking statements are all statements other than statements of historical fact, including without limitation those statements that are identified by the words "anticipates," "estimates," "expects," "intends," "plans," "predicts" and similar expressions, and include statements concerning plans, projections, objectives, goals, strategies, future events or performance, and underlying assumptions (many of which are based, in turn, upon further assumptions) and other statements that are other than statements of historical facts. From time to time, Knife River Corporation ("Knife River," the "Company," "we," "our," or "us") may publish or otherwise make available forward-looking statements of this nature, including statements related to strategic initiatives aimed at generating long-term profitable growth, shareholder value creation, expected long-term goals, expected backlog margin, acquisitions, financing plans, expected federal and state funding for infrastructure or other proposed strategies. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed. Our expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Nonetheless, our expectations, beliefs or projections may not be achieved or accomplished and changes in such assumptions and factors could cause actual future results to differ materially. Any forward-looking statement contained in this document speaks only as of the date on which the statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances that occur after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. New factors emerge from time to time, and i