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Midas Edge

Knife River Corp

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

KNF$58.94+4.5%Stored close · as of Nov 9, 2026

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Contents

6. Net income per share

Note 6 -Net income per share

Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the applicable period. Diluted net income per share is computed by dividing net income by the total of the weighted average number of shares of common stock outstanding during the applicable period, plus the effect of non-vested performance shares and restricted stock units. Weighted average common shares outstanding is comprised of issued shares of 57,043,841 less shares held in treasury of 431,136. Basic and diluted net income per share are calculated as follows, based on a reconciliation of the weighted-average common shares outstanding on a basic and diluted basis:

Three Months Ended · Six Months Ended
June 30,June 30,
2024202320242023
(In thousands, except per share amounts)
Net income$77,929$56,836$30,301$15,516
Weighted average common shares outstanding - basic56,61156,56656,60156,566
Effect of dilutive performance shares and restricted stock units2003319017
Weighted average common shares outstanding - diluted56,81156,59956,79156,583
Shares excluded from the calculation of diluted loss per share16—21—
Net income per share - basic$1.38$1.00$.54$.27
Net income per share - diluted$1.37$1.00$.53$.27
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.