Brian Gray

Chief Executive Officer, President & Director, Knife River

Search every verified Brian Gray interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Brian Gray, president and CEO of Knife River, discussed the company's second-quarter 2026 results during an earnings call on August 5, 2026. He noted that external headwinds totaling approximately $24 million would not be fully recovered this year, with some impact deferred to next year. Gray also addressed margin compression in certain product lines and said legacy lower-margin projects from acquisitions, particularly in Utah, would largely roll off in the third quarter. Gray highlighted the company's acquisition history, stating that Knife River has completed 100 acquisitions since 1992, which he said has expanded its geographic reach and strengthened its material platform. He described Knife River as the "acquirer of choice" in its markets, helping maintain valuation discipline. Additionally, Gray explained that the company made a deliberate choice to bid asphalt paving at more competitive margins to secure work, citing double-digit gross profit increases in upstream materials as a result of that strategy.