secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001981599-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000198159924000018/0001981599-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000198159924000018/ctri-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001981599-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer