Centuri Q1 revenue up 4.2% to $550M, adjusted EBITDA up 20%; affirms FY25 outlook

Centuri Holdings, Inc.

2025-Q1 EPS reported -$0.20 revenue$550,081,000

Net loss improved to $17.9M ($0.20 per share) from $25.1M ($0.35) a year ago.
Adjusted net loss was $10.5M ($0.12 per share); Adjusted EBITDA rose 20% to $24.2M.
Record customer awards exceeded $1.2B; backlog grew to $4.5B from $3.7B at year-end.
Non-union Electric revenue surged 41.9% YoY to $137.1M; U.S. Gas revenue fell 12.7% to $197.7M.
FY2025 guidance reaffirmed: revenue $2.60-2.80B, Adjusted EBITDA $240-275M, capex $65-80M.

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