Inferra AI / Company / CTRI
Centuri Holdings, Inc.
CTRI · Industrials
Last earnings Aug 4, 2026
Key results
Revenuequarter
$724.1 million
Revenue of $724.1 million, a 7.7% increase versus $672.1 million in the second quarter of 2024 Net income attributable to common stock of $8.1 million (diluted
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Net incomequarter
7.7%
Revenue of $724.1 million, a 7.7% increase versus $672.1 million in the second quarter of 2024 Net income attributable to common stock of $8.1 million (diluted
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
EPSquarter
$0.09
earnings per share of $0.09) versus $11.7 million (diluted
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
earnings per share of $0.14) in the second quarter of 2024
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted net incomequarter
$16.9 million
Adjusted Net Income of $16.9 million (
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Adjusted EPSquarter
$0.19
Adjusted Diluted Earnings per Share of $0.19) versus $17.0 million (
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
In addition, our proactive One Centuri sales approach is positioning us to maximize revenue potential from existing customers while strategically expanding into new opportunities, as evidenced by our nearly $14 billion sales pipeline.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
1 Management Commentary Financial results during the second quarter of 2025 increased year-over-year, with revenue increasing by $52.0 million, or 7.7%, and Adjusted EBITDA improving by $3.2 million, or 4.7%.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Gross marginquarter
$67,801 thousand
Gross profit 67,801 60,504 88,129 73,783
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Selling, general, and administrativequarter
$28,959 thousand
Selling, general and administrative expenses 28,959 20,698 55,334 49,248
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Operating incomequarter
$32,159 thousand
Operating income 32,159 33,145 19,446 11,206
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
AI analysis
Q2 2025 · reported Aug 6, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Aug 6, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $724.1 million | — | — |
| Net income | 7.7% | — | — |
| EPS | $0.09 | — | — |
| Adjusted net income | $16.9 million | — | — |
| Adjusted EPS | $0.19 | — | — |
| Gross margin | $67,801 thousand | — | — |
| Selling, general, and administrative | $28,959 thousand | — | — |
| Operating income | $32,159 thousand | — | — |
Guidance · company-stated
Direction: Raised
“Full Year 2025 Outlook Increased revenue outlook to $2.70 to 2.85 billion from $2.60 to 2.80 billion previously announced Narrowed adjusted EBITDA outlook to $250 to 270 million from $240 to $275 million previously announced Increased net capital expenditures outlook to $75 to 90 million from $65 to $80 million previously announced Please review the second quarter earnings slides for details on certain key assumptions associated with our Full Year 2025 Outlook.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Centuri's Net Debt to Adjusted EBITDA Ratio was 3.7x as of June 29, 2025, which compares to 3.5x as of March 30, 2025.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue -62.0% computed from stated figures
Event summary
Centuri Holdings, Inc. Q2 2025 — Revenue of $724.1 million, a 7.7% increase versus $672.1 million in the second quarter of 2024 Net income attributable to common stock of $8.1 million (diluted
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “Full Year 2025 Outlook Increased revenue outlook to $2.70 to 2.85 billion from $2.60 to 2.80 billion previously announced Narrowed adjusted EBITDA outlook to $250 to 270 million from $240 to $275 million previously announced Increased net capital expenditures outlook to $75 to 90 million from $65 to $80 million previously announced Please review the second quarter earnings slides for details on certain key assumptions associated with our Full Year 2025 Outlook.”
Revenue — Raised (“increasing”)
“Based on our strong commercial momentum, enhanced pipeline visibility, and operational execution through the first half of the year, we are increasing our full-year revenue guidance.”
Revenue — Raised (“raise”)
“Our ability to raise our revenue outlook demonstrates the underlying strength of our core business, particularly given that 2024 benefited from elevated storm restoration activity that we do not expect to repeat this year.”
Revenue — Raised (“Increased”)
“Full Year 2025 Outlook Increased revenue outlook to $2.70 to 2.85 billion from $2.60 to 2.80 billion previously announced Narrowed adjusted EBITDA outlook to $250 to 270 million from $240 to $275 million previously announced Increased net capital expenditures outlook to $75 to 90 million from $65 to $80 million previously announced Please review the second quarter earnings slides for details on certain key assumptions associated with our Full Year 2025 Outlook.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Centuri's Net Debt to Adjusted EBITDA Ratio was 3.7x as of June 29, 2025, which compares to 3.5x as of March 30, 2025.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Subsequent to second quarter-end, Centuri successfully completed a refinancing of its existing debt arrangements.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
This included extending the maturity date of the Company's revolver from August 27, 2026 to July 9, 2030 and increasing its size from $400 million to $450 million, extending the Term Loan B maturity to 2032 at improved interest rates, and eliminating legacy change in control provisions to enhance financial flexibility.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Full Year 2025 Outlook Increased revenue outlook to $2.70 to 2.85 billion from $2.60 to 2.80 billion previously announced Narrowed adjusted EBITDA outlook to $250 to 270 million from $240 to $275 million previously announced Increased net capital expenditures outlook to $75 to 90 million from $65 to $80 million previously announced Please review the second quarter earnings slides for details on certain key assumptions associated with our Full Year 2025 Outlook.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
However, management believes that EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, and Net Debt to Adjusted EBITDA Ratio, all of which are measures not presented in accordance with GAAP, provide investors with additional useful information in evaluating our performance.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Management believes that EBITDA helps investors gain an understanding of the factors affecting our ongoing cash earnings from which capital investments are made and debt is serviced, and that Adjusted EBITDA provides additional insight by removing certain expenses that are non-recurring and or non-operational in nature.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Strategy & priorities
Gas segment through various initiatives aimed at enhancing overall margins, said Centuri President CEO Christian Brown.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Strong momentum from our integrated commercial strategy resulted in approximately $1.8 billion in new awards during the quarter.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
In addition, our proactive One Centuri sales approach is positioning us to maximize revenue potential from existing customers while strategically expanding into new opportunities, as evidenced by our nearly $14 billion sales pipeline.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
We are strategically increasing investment in our business to capitalize on expected growth driven by our contract awards and robust near-term pipeline opportunities, while simultaneously advancing meaningful capital efficiency initiatives.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
In recent weeks, we executed several strategic agreements, including new master lease arrangements that provide enhanced fleet management flexibility while preserving our ability to optimally deploy resources across operations.
SEC original ↗Centuri Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025
Risks & headwinds
Legal Proceedings 42 Item 1A.
SEC original ↗Centuri Holdings, Inc. — 10-Q Quarterly report10-QAug 4, 2026
4 Table of Contents Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
SEC original ↗Centuri Holdings, Inc. — 10-Q Quarterly report10-QAug 4, 2026
These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the risks and uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission (the SEC ), including Item 1A.
SEC original ↗Centuri Holdings, Inc. — 10-Q Quarterly report10-QAug 4, 2026
See "Note 14 Commitments and Contingencies Legal Proceedings" for additional information.
SEC original ↗Centuri Holdings, Inc. — 10-Q Quarterly report10-QAug 4, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 8-KCTRI
Aug 12, 2026
- 8-KCTRI
Aug 4, 2026
- 10-QCTRI
- Q1 2026
- 8-KCTRI
May 22, 2026
- 8-KCTRI
May 6, 2026
- 10-QCTRI
- Q4 2025
- 8-KCTRI
Mar 20, 2026
- 10-KCTRI
Feb 26, 2026
- 8-KCTRI
Feb 25, 2026
- Q3 2025
- 8-KCTRI
Dec 23, 2025
- 8-KCTRI
Nov 14, 2025
- 8-KCTRI
Nov 12, 2025
- 8-KCTRI
Nov 5, 2025
- 10-QCTRI
- Q2 2025
- 8-KCTRI
Sep 5, 2025
- 8-KCTRI
Aug 11, 2025
- 8-KCTRI
Aug 6, 2025
- 10-QCTRI
- 8-KCTRI
Jul 14, 2025
- Q1 2025
- 8-KCTRI
Jun 18, 2025
- 8-KCTRI
May 22, 2025
- 8-KCTRI
May 12, 2025
- 10-QCTRI
May 12, 2025
- 8-KCTRI
Apr 18, 2025
- Q4 2024
- 8-KCTRI
Feb 26, 2025
- 10-KCTRI
Feb 26, 2025
- Q3 2024
- 8-KCTRI
Dec 9, 2024
- 8-KCTRI
Nov 21, 2024
- 8-KCTRI
Nov 6, 2024
- 10-QCTRI
Earnings releases
10 documentsPresentations
0 documentsNo presentations for Centuri Holdings, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Centuri Holdings, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Centuri Holdings, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
Southwest Gas Holdings, Inc. (SWX)
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See also the earnings calendar for every tracked company’s next earnings date.