{"schema_version":"secwatch.filing_event.v1","accession":"0001981599-24-000022","form_type":"8-K","ticker":"CTRI","cik":"0001981599","company_name":"Centuri Holdings, Inc.","filed_at":"2024-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.315548+00:00","generated_at":"2026-05-31T15:48:20.894635+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Centuri Q2 revenue down 16.6% YoY; announces CEO transition and FY2024 guidance","bullets":["Q2 revenue $672.1M (down 16.6% YoY); net income $11.7M ($0.14 diluted EPS); adj. diluted EPS $0.20.","Adj. EBITDA $68.6M, margin 10.2%; FY2024 guidance: revenue $2.5-2.7B, adj. EBITDA margin 9.0-9.6%.","CEO Bill Fehrman stepping down July 31; Paul Caudill named Interim President/CEO; national search firm engaged.","IPO net proceeds $328M used to pay down debt; backlog $4.7B; cost savings expected ~$29M annualized in 2025.","Revenue decline driven by reduced MSA spending due to unfavorable regulatory outcomes and project delays."],"urls":{"canonical":"https://secwatch.observer/filing/0001981599-24-000022","json":"https://secwatch.observer/filing/0001981599-24-000022.json","markdown":"https://secwatch.observer/filing/0001981599-24-000022.md","text":"https://secwatch.observer/filing/0001981599-24-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1981599/000198159924000022/0001981599-24-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1981599/000198159924000022/ctri-20240729.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T15:48:20.894635+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}