---
schema_version: "secwatch.filing_event.v1"
accession: "0001981599-24-000018"
form_type: "8-K"
ticker: "CTRI"
cik: "0001981599"
company_name: "Centuri Holdings, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:02:45.369870+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Centuri Q1 revenue $528M down 19% YoY; adjusted EBITDA $20.2M, net loss widens

## Summary
- Net loss attributable to common stock $(25.1)M vs $(8.8)M prior year; adjusted net loss $(14.4)M.
- Revenue $528M vs $653.3M, down 19.2% due to unfavorable weather, lower offshore wind and storm restoration.
- Completed IPO of 14.3M shares at $21/share, net proceeds $329.3M used to pay down debt.
- Acquired remaining 10% stake in Linetec Services for $92M in April 2024.
- Received over $40M in new awards from existing MSA customers.

## SEC filing metadata
- accession: 0001981599-24-000018
- form_type: 8-K
- ticker: CTRI
- cik: 0001981599
- company_name: Centuri Holdings, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981599/000198159924000018/0001981599-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981599/000198159924000018/ctri-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001981599-24-000018
- JSON: https://secwatch.observer/filing/0001981599-24-000018.json
- Plain text: https://secwatch.observer/filing/0001981599-24-000018.txt

## Key facts
- Earnings Releases
  Centuri Holdings, Inc. reported first quarter, ended March 31, 2024 results: revenue $528.0 million, net income $(25.1) million.
  - Period: first quarter, ended March 31, 2024
  - Revenue: $528.0 million
  - Net income: $(25.1) million
  - Result: reported results
  source text: from existing master service agreements ("MSAs") customers supporting the work to advance critical reliability and integrity spending • First quarter consolidated revenue of $528.0 million • First quarter results include net loss attributable to common stock of $(25.1) million, adjusted net loss of $(14.4) million, and adjusted EBITDA of $20.2 million • First
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981599/000198159924000018/0001981599-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.