secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001981599-25-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000198159925000032/0001981599-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000198159925000032/ctri-20250512.htm
  HTML page:      https://secwatch.observer/filing/0001981599-25-000032

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