Earnings ·
Centuri reports Q3 revenue of $1.2 billion and raises full-year guidance
CTRICenturi Holdings, Inc.
Centuri Holdings reported third-quarter revenue of $1.2 billion, a 40% increase year-over-year, driven by new bid work and acquisitions. The company achieved record quarterly gross profit of $113.4 million with a margin expansion to 9.5%. Net income rose to $26.9 million, while Adjusted EBITDA reached $108.0 million. Management updated full-year 2026 guidance, projecting revenue between $3.8 billion and $3.9 billion and adjusted net income of $80 million to $90 million. The company also highlighted a record opportunity pipeline of $19 billion and strong booking momentum with over $3.7 billion in revenue coverage for 2027. Centuri Holdings is a strategic utility and energy infrastructure services company that partners with regulated utilities to build and maintain the energy network.