Knife River's Business Segments

Knife River Corporation is a leading construction materials and contracting company based in the United States. It is a subsidiary of MDU Resources Group, a diversified energy and infrastructure company. Knife River operates in over 40 states and has more than 150 construction materials and contracting divisions.

As a construction materials company, Knife River is involved in the production and distribution of a wide range of materials required for construction projects, including aggregates, asphalt, cement, concrete, and ready-mix concrete. The company owns and operates numerous quarries, sand and gravel pits, and production facilities across the country. Knife River's extensive network of locations allows it to serve various markets and meet the diverse needs of its customers.

In addition to its construction materials division, Knife River also offers a wide range of contracting services. The company provides general contracting, project management, site development, and heavy civil construction services. It specializes in road and highway construction, bridge construction, airport runways, dams, tunnels, and site development for commercial, industrial, and residential projects. With its skilled workforce and modern equipment fleet, Knife River has the capability to handle projects of any size and complexity.

Safety is a top priority for Knife River Corporation. The company emphasizes a culture of safety and strives to provide a safe working environment for its employees and subcontractors. Knife River's safety program includes ongoing training, regular safety inspections, and the implementation of best practices to prevent accidents and injuries.

Knife River also puts a strong emphasis on sustainability and environmental stewardship. The company is committed to minimizing its impact on the environment and actively seeks opportunities to reduce energy consumption, recycle materials, and promote sustainable construction practices. Knife River's sustainability initiatives include the use of recycled materials in its products, water conservation efforts, and the development of innovative construction techniques that minimize waste and emissions.

Being a part of MDU Resources Group, Knife River Corporation benefits from the financial strength and resources of its parent company. This allows Knife River to invest in state-of-the-art technology, equipment, and infrastructure, enabling it to deliver high-quality products and services to its customers.

Overall, Knife River Corporation is a reputable and well-established construction materials and contracting company with a strong presence in the United States. With its extensive network of locations, broad range of services, commitment to safety and sustainability, and support from MDU Resources Group, Knife River is well-positioned to continue its growth and success in the industry.

The registrant operates four reportable business segments: West, Mountain, Central, and Energy Services. The West, Mountain, and Central segments are organized by geographic location and provide a vertically integrated range of products and services, including mining, processing, and selling construction aggregates such as crushed stone and sand and gravel; producing and selling asphalt and ready-mix concrete; and offering contracting services including heavy-civil construction, asphalt and concrete paving, and site development and grading. These segments also sell cement, merchandise, and other building materials and related services. The Energy Services segment, with locations across the geographic footprint, produces and supplies liquid asphalt primarily for asphalt road construction and supports other segments. The West segment operates in Alaska, California, Hawaii, Oregon, and Washington; the Mountain segment in Idaho, Montana, and Wyoming; the Central segment in Iowa, Minnesota, North Dakota, South Dakota, and Texas; and the Energy Services segment in California, Iowa, Nebraska, Oregon, South Dakota, Texas, Washington, and Wyoming. Revenue composition varies by segment, with construction materials and contracting services constituting the majority of revenues, and a significant portion of services provided to the public sector.