secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001981599-24-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centuri Q3 net loss $3.7M; revenue $720M, down 7.1% YoY; reiterates FY guidance
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- Revenue $720.1M (down 7.1% YoY); net loss $3.7M (diluted EPS -$0.04).
- Adjusted net income $5.3M (adjusted diluted EPS $0.06); Adjusted EBITDA $78.8M (margin 10.9%).
- Backlog $4.3B; secured $350M in new multi-year customer awards during Q3.
- U.S. Gas revenue fell 7.5% to $366M; Union Electric down 15.9% due to $38M decline in offshore wind.
- Entered $125M accounts receivable securitization; appointed Chris Brown as CEO effective Dec 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000198159924000036/0001981599-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000198159924000036/ctri-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001981599-24-000036

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