Earnings summaries and quarterly performance for Centuri Holdings.
Executive leadership at Centuri Holdings.
Christian I. Brown
Detailed
President and Chief Executive Officer
CEO
GI
Gregory Izenstark
Detailed
Executive Vice President, Chief Financial Officer
JC
James Connell
Detailed
Executive Vice President, Chief Commercial and Strategy Officer
JW
Jason Wilcock
Detailed
Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary
Board of directors at Centuri Holdings.
Research analysts who have asked questions during Centuri Holdings earnings calls.
JH
Justin Hauke
Robert W. Baird & Co.
6 questions for CTRI
Also covers: ABM, BBCP, BWMN +10 more
SJ
Sangita Jain
KeyBanc Capital Markets
6 questions for CTRI
Also covers: ACM, DY, EME +10 more
CE
Chris Ellinghaus
Siebert Williams Shank
3 questions for CTRI
Also covers: BKH, CPK, IDA +6 more
SE
Sherif El-Sabbahy
Bank of America
3 questions for CTRI
Also covers: ALSN, BLBD, ESAB +6 more
SF
Steven Fisher
UBS
3 questions for CTRI
Also covers: ACM, AGCO, BBCP +23 more
AJ
Avi Jaroslawicz
UBS Group
2 questions for CTRI
Also covers: CNH, EME, HEES +4 more
DC
Drew Chamberlain
JPMorgan Chase & Co.
2 questions for CTRI
Also covers: AGX, ARRY, MTZ +3 more
JO
Joseph O'Dea
Wells Fargo
2 questions for CTRI
Also covers: CARR, DOV, FTV +3 more
JO
Joseph O'Dea
Wells Fargo & Company
2 questions for CTRI
Also covers: ALLE, ATMU, AYI +15 more
MS
Manish Somaiya
Cantor
2 questions for CTRI
Also covers: ECG, MYRG, POWL +3 more
CE
Christopher Ellinghaus
Siebert Williams Shank & Co., LLC
1 question for CTRI
Also covers: BKH, CPK, ECG +12 more
Recent press releases and 8-K filings for CTRI.
Centuri Holdings Reports Record 2025 Revenue and Provides 2026 Guidance
CTRI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Centuri Holdings reported record annual Revenue of $3.0 billion for full-year 2025, with Total Revenue, Net (GAAP) reaching $2,982.8 million, a 13.1% increase from 2024.
- The company's Total Bookings for 2025 were $4.5 billion, resulting in a Book-to-Bill ratio of 1.5x and a 59% increase in Backlog to $5.9 billion at year-end.
- Adjusted EBITDA for 2025 was $249.0 million and Adjusted Net Income was $39.0 million, representing increases of 4.5% and 48.7% respectively over 2024.
- Centuri's Net Debt to Adjusted EBITDA ratio improved to 2.5x at the end of 2025, down from 3.6x at the end of 2024.
- For 2026, Centuri provided financial guidance projecting Revenue between $3.24 billion and $3.54 billion and Adjusted EBITDA between $280 million and $310 million.
3 days ago
Centuri Holdings Reports Record 2025 Revenue and Provides 2026 Guidance
CTRI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Centuri Holdings reported record revenue of $3 billion for 2025, with adjusted net income increasing 49% to $39 million.
- The company achieved a 1.5 times book-to-bill ratio and bookings over $4.5 billion in 2025, resulting in a year-end backlog of $5.9 billion, a 59% increase from the prior year.
- Centuri significantly reduced its leverage, ending 2025 with a net debt to adjusted EBITDA ratio of 2.5x, down from 3.6x in 2024, and targets 2x by year-end 2026.
- For 2026, the company initiated guidance forecasting revenue between $3.24 billion and $3.54 billion, adjusted EBITDA of $280 million to $310 million, and adjusted net income of $55 million to $75 million.
3 days ago
Centuri Holdings Reports Record 2025 Financial Results and Initiates 2026 Guidance
CTRI
Earnings
Guidance Update
New Projects/Investments
- Centuri Holdings achieved record revenue of $3 billion in 2025, a 13% increase over 2024, with base revenue growing 18% year-over-year to $2.9 billion.
- The company reported adjusted net income of $39 million in 2025, a 49% increase over the prior year, and adjusted EBITDA of $249 million.
- Centuri exceeded its book-to-bill goal, delivering a 1.5x book-to-bill ratio for 2025 with bookings surpassing $4.5 billion, and ended the year with a backlog of approximately $5.9 billion, up 59% from the previous year.
- The company significantly strengthened its balance sheet, reducing its net debt to adjusted EBITDA ratio to 2.5x at year-end 2025, down from 3.6x at year-end 2024, and aims for around 2x by year-end 2026.
- For 2026, Centuri initiated guidance expecting revenue between $3.24 billion and $3.54 billion, adjusted EBITDA between $280 million and $310 million, and adjusted net income between $55 million and $75 million.
3 days ago
Centuri Holdings Reports Record 2025 Revenue and Strong 2026 Guidance
CTRI
Earnings
Guidance Update
New Projects/Investments
- Centuri Holdings reported record revenue of $3 billion in 2025, a 13% increase from 2024, with adjusted net income rising 49% to $39 million, and base gross margin improving to 8% from 6.9% in the prior year.
- The company achieved a 1.5 times book-to-bill ratio in 2025, exceeding its goal, and grew its year-end backlog by 59% to $5.9 billion, which covers over 85% of its 2026 base revenue guidance.
- For 2026, Centuri initiated guidance projecting revenue between $3.24 billion and $3.54 billion and adjusted EBITDA between $280 million and $310 million.
- The balance sheet improved significantly, with the net debt to adjusted EBITDA ratio decreasing to 2.5x at year-end 2025 from 3.6x in 2024, with a target to reach around 2x by year-end 2026.
3 days ago
Centuri Holdings, Inc. Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
CTRI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Centuri Holdings, Inc. achieved record annual revenue of $2,983 million for fiscal year 2025, a 13% increase over 2024, and record quarterly revenue of $858.6 million for Q4 2025, up 20% from Q4 2024.
- For the full year 2025, the company reported Adjusted EBITDA of $249.0 million and Adjusted Net Income of $39.0 million, representing increases of 4.5% and 48.7% respectively, compared to 2024.
- The company expanded its backlog to $5.9 billion, a 59% increase year-over-year, and recorded annual bookings of $4.5 billion in 2025, resulting in a book-to-bill ratio of 1.5x.
- Centuri reduced its Net Debt to Adjusted EBITDA ratio to 2.5x as of year-end 2025, down from 3.6x at year-end 2024, partly due to using proceeds from a primary equity offering for net debt reduction.
- For fiscal year 2026, Centuri provided guidance including Revenue of $3.24 to $3.54 billion and Adjusted EBITDA of $280 to $310 million.
3 days ago
Centuri Reports Record Annual Revenue and Q4 2025 Results
CTRI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Centuri Holdings achieved record annual Revenue of $2,983 million for fiscal year 2025, marking a 13% increase versus 2024.
- Fourth quarter 2025 revenue reached a company record of $858.6 million, representing a 20% increase compared to the fourth quarter of 2024.
- For the full year 2025, the company reported Net Income of $22.7 million and Adjusted EBITDA of $249.0 million.
- Centuri's backlog expanded to $5.9 billion, a 59% increase year-over-year, and its Net Debt to Adjusted EBITDA ratio improved to 2.5x as of year-end 2025 from 3.6x at year-end 2024.
- The company provided full year 2026 financial guidance, targeting Revenue of $3.24 to $3.54 billion and Adjusted EBITDA of $280 to $310 million.
3 days ago
Centuri Holdings Acquires Connect Atlantic Utility Services
CTRI
M&A
- Centuri Holdings, Inc. acquired Connect Atlantic Utility Services (CAUS) from Pilot Wave Holdings Management, LLC.
- Connect Atlantic Utility Services is a leading utility-services provider in Atlantic Canada, offering transmission, distribution, maintenance, and storm-restoration services.
- This acquisition will allow Centuri to further expand its capabilities and regional reach within its Canadian operations.
- During Pilot Wave's ownership, a new AI-powered safety and infrastructure-inspection startup, Detect Technologies, was spun off from Connect Atlantic.
Nov 20, 2025, 8:00 PM
Centuri Holdings Announces Pricing of Public Offering and Private Placement
CTRI
New Projects/Investments
M&A
- Centuri Holdings announced the pricing of a public offering of 7,441,860 shares of common stock, with underwriters having a 30-day option to purchase up to an additional 1,116,279 shares.
- The offering is expected to generate approximately $160 million in gross proceeds and is anticipated to close on November 14, 2025.
- Concurrently, Icahn Partners LP and Icahn Partners Master Fund LP will purchase 3,488,372 shares of common stock in a private placement at the same price per share as the public offering.
- Net proceeds from both the offering and private placement will be used for general corporate purposes, which may include funding acquisitions and repaying borrowings.
Nov 13, 2025, 12:00 PM
Centuri Announces Public Offering and Private Placement
CTRI
New Projects/Investments
M&A
- Centuri Holdings, Inc. (CTRI) has commenced an underwritten public offering of $160,000,000 of its common stock.
- The company also expects to grant the underwriters a 30-day option to purchase up to an additional $24,000,000 of shares.
- Concurrently, Icahn Partners LP and Icahn Partners Master Fund LP will purchase approximately $75,000,000 of common stock in a private placement at the offering price.
- Net proceeds from both the offering and private placement are intended for general corporate purposes, which may include funding acquisitions and repaying borrowings.
Nov 12, 2025, 9:36 PM
Centuri Holdings Appoints Icahn Enterprises Analyst to Board
CTRI
Board Change
M&A
Proxy Vote Outcomes
- Centuri Holdings, Inc. appointed Dustin DeMaria, a Senior Analyst at Icahn Enterprises L.P., to its Board of Directors, effective November 10, 2025.
- This appointment is part of a Director Appointment and Nomination Agreement with Icahn Enterprises, which expanded Centuri's Board to eight members.
- The agreement includes customary standstill and voting commitments from the Icahn Group.
- The Icahn Group, which collectively beneficially owns 10,847,672 Common Shares, must maintain a "Net Long Position" of at least 5,423,836 Common Shares for Mr. DeMaria to retain his board seat.
- Mr. DeMaria will participate in Board considerations for key strategic decisions, including the appointment and employment of the CEO or CFO, and material mergers, acquisitions, or dispositions.
Nov 12, 2025, 11:06 AM
Quarterly earnings call transcripts for Centuri Holdings.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more