Strategies for Sustainable Growth and Resilience
Non-GAAP Financial Guidance
Our forward-looking guidance for EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures that exclude or otherwise have been adjusted
for special items from our U.S. GAAP financial statements. We are unable to reconcile forward-looking non-GAAP guidance measures to their nearest
U.S. GAAP measure because we are unable to predict the timing of these adjustments with a reasonable degree of certainty. By their very nature, special
and other non-core items are difficult to anticipate with precision because they are generally associated with unexpected and unplanned events that
impact our company and its financial results. Therefore, we are unable to provide a reconciliation of the 2023 EBITDA and 2025 and long term Adjusted
EBITDA Margin guidance.
KNIFE RIVER
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