Knife River (NYSE:KNF) released its Q3 2023 results today, reporting a net income of $146.7m, a significant increase from Q3 2022. The company's earnings per share (EPS) for the trailing twelve months (TTM) stood at $2.59. Both revenue and EPS exceeded analyst expectations by 3.3% and 38%, respectively.
Despite the robust performance, the company projected an average revenue growth of 4.8% per annum over the next three years. This forecast is somewhat subdued compared to the estimated growth of 6% within the US Basic Materials industry.
In the week leading up to today's announcement, Knife River's shares saw an upward trend, rising by 5.4%. However, undisclosed warning signs were identified for the company, warranting investor caution.
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