A strong infrastructure is the heart of our economy. It is the oil, natural gas and electricity that power business, industry and our daily lives. It is the pipes and wires that connect our homes, factories, offices and stores to bring them to life. It is the transportation network of roads, highways and airports that keeps our economy moving. Infrastructure is our business. MDU Resources Group provides value-added natural resource products and related services that are essential to energy and transportation infrastructure. Our company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. We realized early the value of delivering a variety of services, and grew our company by developing a core line of businesses. Today, we are a multibillion-dollar corporation with operations and customers across the country. MDU Resources is the largest publicly traded company headquartered in the four-state region of North Dakota, South Dakota, Montana and Wyoming, and we do business in 44 states.

MDU Resources Group was founded in 1924 and is headquartered in Bismarck, US

MDU Resources Group has an office in Bismarck

Bismarck, US (HQ)

1200 W Century Ave

MDU Resources Group's revenue was reported to be $937.9 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 937.9 m |

## Net income (Q1, 2017) | 37.3 m |

## EBIT (Q1, 2017) | 67.1 m |

## Market capitalization (25-Jul-2017) | 5.1 b |

## Cash (31-Mar-2017) | 50.7 m |

MDU Resources Group's current market capitalization is $5.1 b.

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 3.9 b | 4.1 b | 4.1 b | 4.5 b | 4.7 b | 4.2 b | 4.1 b |

## Revenue growth, % | 4% | 1% | 9% | 5% | (10%) | (1%) | |

## Cost of goods sold | 570 m | ||||||

## Gross profit | 4.1 b | ||||||

## Gross profit Margin, % | 88% | ||||||

## Operating expense total | 4 b | 4.2 b | 3.9 b | 3.7 b | |||

## Depreciation and amortization | 328.8 m | 343.4 m | 359.2 m | 200.4 m | 204 m | 227.7 m | |

## EBIT | 493 m | 488.2 m | 254.1 m | 409.1 m | |||

## EBIT margin, % | 11% | 10% | 6% | 10% | |||

## Interest expense | 83 m | 81.4 m | 76.7 m | 83.8 m | 87 m | 93.1 m | 87.8 m |

## Pre tax profit | 411.1 m | 180.3 m | 326.2 m | ||||

## Income tax expense | 122.5 m | 110.3 m | (31.1 m) | 74.3 m | 120 m | 65.6 m | 93.1 m |

## Net Income | 278.6 m | 294.3 m | (657.7 m) | (67.3 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 986.2 m | 1.3 b | 905.2 m | 1 b | 1.2 b | 937.9 m | |||

## EBIT | 45.3 m | 109.7 m | 41.8 m | 89 m | 146.7 m | 67.1 m | |||

## EBIT margin, % | 5% | 9% | 5% | 9% | 12% | 7% | |||

## Pre tax profit | 23.9 m | 90.3 m | 19.2 m | 67.6 m | 126.1 m | 47.8 m | |||

## Net Income | 109.5 m | 211.6 m | (309.4 m) | (546.8 m) | (696 m) | 13.8 m | (216 m) | (133 m) | 37.3 m |

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 175.1 m | 222.1 m | 162.8 m | 49 m | 57.3 m | 81.9 m | 84.6 m | 46.1 m |

## Accounts Receivable | 181.2 m | |||||||

## Inventories | 282.4 m | 300.8 m | 253.7 m | 238.3 m | ||||

## Current Assets | 1.1 b | 1.2 b | 1 b | 977.5 m | ||||

## Goodwill | 636 m | 635.2 m | 635.2 m | 631.8 m | ||||

## Total Assets | 7.1 b | 7.8 b | 6.6 b | 6.3 b | ||||

## Accounts Payable | 405 m | 382.7 m | 310.5 m | 280 m | ||||

## Dividends Payable | 33.7 m | 35.6 m | 36.8 m | 37.8 m | ||||

## Total Debt | 1.9 b | 1.7 b | 1.8 b | |||||

## Current Liabilities | 784.9 m | 968.7 m | 947.6 m | 669.7 m | ||||

## Retained Earnings | 1.6 b | 1.8 b | 996.4 m | 912.3 m | ||||

## Total Equity | 2.9 b | 3.2 b | 2.5 b | 2.3 b | ||||

## Debt to Equity Ratio | 0.6 x | 0.7 x | 0.8 x | |||||

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | |||||

## Financial Leverage | 2.5 x | 2.4 x | 2.6 x | 2.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 90.3 m | 233.7 m | 122.2 m | 144.4 m | 88.6 m | 90.9 m | 85.1 m | 59.9 m | 50.7 m |

## Inventories | 331.4 m | 302.7 m | 336.6 m | 314.4 m | 258.3 m | 276.8 m | 265.8 m | 245.8 m | 250.6 m |

## Current Assets | 1.3 b | 1.4 b | 1.2 b | 1.3 b | 1.2 b | 1.1 b | 1.2 b | 1.1 b | 942.1 m |

## Goodwill | 636 m | 636 m | 635.2 m | 635.2 m | 635.2 m | 641.5 m | 641.5 m | 641.5 m | 631.8 m |

## Total Assets | 7.7 b | 7.8 b | 7.3 b | 7.3 b | 7 b | 6.6 b | 6.4 b | 6.4 b | 6.1 b |

## Accounts Payable | 424.2 m | 410.4 m | 259.9 m | 273 m | 292.6 m | 260.4 m | 275.8 m | 281.4 m | 239 m |

## Dividends Payable | 34.4 m | 34.6 m | 35.7 m | 35.7 m | 35.8 m | 36.8 m | 36.8 m | 36.8 m | 37.8 m |

## Current Liabilities | 796.7 m | 938.5 m | 986.9 m | 1.1 b | 941.7 m | 761.5 m | 702.4 m | 744.2 m | 618 m |

## Retained Earnings | 1.6 b | 1.7 b | 1.4 b | 1.2 b | 980.4 m | 984.3 m | 838.3 m | 884.3 m | 911.7 m |

## Total Equity | 3.1 b | 3.2 b | 2.9 b | 2.7 b | 2.5 b | 2.5 b | 2.2 b | 2.3 b | 2.3 b |

## Financial Leverage | 2.5 x | 2.5 x | 2.5 x | 2.7 x | 2.8 x | 2.7 x | 2.9 x | 2.8 x | 2.7 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 278.6 m | 294.3 m | (657.7 m) | (67.3 m) |

## Depreciation and Amortization | 386.9 m | 401.4 m | 227.7 m | 216.3 m |

## Inventories | 30.5 m | (19 m) | (17 m) | 2.4 m |

## Accounts Payable | 15.1 m | (45.1 m) | 49.1 m | 7 m |

## Cash From Operating Activities | 742.2 m | 615.8 m | 641.1 m | 462.2 m |

## Capital Expenditures | (909.4 m) | (972.1 m) | (625.4 m) | (388.2 m) |

## Cash From Investing Activities | (782.7 m) | (904.2 m) | (382.5 m) | (305.1 m) |

## Long-term Borrowings | (423.7 m) | (368.8 m) | (569.5 m) | (315.6 m) |

## Dividends Paid | (98.4 m) | (136.7 m) | (142.8 m) | (147.2 m) |

## Cash From Financing Activities | 36.9 m | 325.2 m | (255.7 m) | (194.9 m) |

## Free Cash Flow | 1.7 b | 1.6 b | 1.3 b | 74 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 109.5 m | 211.6 m | (309.4 m) | (546.8 m) | (696 m) | 13.8 m | (216 m) | (133 m) | 37.3 m |

## Depreciation and Amortization | 202.7 m | 306.2 m | 95.5 m | 107.2 m | 165 m | 60.3 m | 109.1 m | 163.2 m | 51.3 m |

## Inventories | (48.9 m) | (20.2 m) | (44.4 m) | (67.6 m) | (13.9 m) | (22.3 m) | (23.2 m) | (4.2 m) | (13.7 m) |

## Accounts Payable | (23.3 m) | (22 m) | (53.3 m) | 44.9 m | 62 m | (37.2 m) | 7.3 m | 15.5 m | (23.4 m) |

## Cash From Operating Activities | 210.5 m | 403.3 m | 94.7 m | 173.7 m | 382.2 m | 45.2 m | 102.6 m | 276.5 m | 86.5 m |

## Capital Expenditures | (390.1 m) | (638.7 m) | (189.5 m) | (355.9 m) | (484.5 m) | (115.2 m) | (220.1 m) | (303.9 m) | (72.3 m) |

## Cash From Investing Activities | (585.7 m) | (643.5 m) | (160.2 m) | (402.4 m) | (544 m) | (79.5 m) | (177.5 m) | (254.3 m) | 45.6 m |

## Long-term Borrowings | (111.5 m) | (319 m) | (54.2 m) | (38.1 m) | (146.3 m) | (164.9 m) | (196.8 m) | (236.4 m) | (147.3 m) |

## Dividends Paid | (67.7 m) | (102.1 m) | (35.6 m) | (71.3 m) | (107 m) | (36.8 m) | (73.6 m) | (110.4 m) | (37.8 m) |

## Cash From Financing Activities | 420.2 m | 428.7 m | 106 m | 291.3 m | 168.8 m | 40.7 m | 76.1 m | (46.2 m) | (127.5 m) |

## Free Cash Flow | (179.6 m) | (235.4 m) | (94.8 m) | (182.2 m) | (102.3 m) | (70 m) | (117.4 m) | (27.4 m) | 14.2 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 97.7 k |

## Financial Leverage | 2.7 x |