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Knife River Reiterates Focus on Disciplined Execution and Shareholder Value Creation

  • Knife River Corporation issued a statement responding to a letter from Starboard Value LP regarding Starboard's investment.
  • The company learned of Starboard's investment on September 22, 2026, \& plans to engage in constructive dialogue to understand their views.
  • The Board remains confident in the leadership team's ability to navigate the market \& capitalize on opportunities following the company's 2023 independence.
  • Knife River highlights its EDGE initiatives focused on optimizing pricing, improving operational performance, \& capturing efficiencies to drive profitable growth.
  • The company maintains a vertically integrated platform combining aggregates, ready-mix concrete, asphalt, liquid asphalt, \& contracting services as a core value driver.
  • Strategic priorities include margin expansion, operational excellence, disciplined capital allocation, \& increasing shareholder value creation.
  • Knife River is an S&P MidCap 400 member specializing in aggregates, construction materials, \& contracting for public \& private projects.
  • The press release includes standard forward-looking statement cautions regarding risks that could cause actual results to differ from projections.