---
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"
generated_at: "2026-05-31T15:48:20.894635+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Centuri Q2 revenue down 16.6% YoY; announces CEO transition and FY2024 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001981599-24-000022
- JSON: https://secwatch.observer/filing/0001981599-24-000022.json
- Plain text: https://secwatch.observer/filing/0001981599-24-000022.txt

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