Centuri Q3 revenue record $850M, up 18.1% YoY; adjusts EBITDA guidance down to $240-250M

Centuri Holdings, Inc.

2025-Q3 EPS reported -$0.09 revenue$2,124,177,000

Record quarterly revenue $850M (+18.1% YoY); net income $2.1M vs loss $3.7M prior year.
Adjusted diluted EPS $0.19 vs $0.06; Adjusted EBITDA $75.2M vs $78.8M prior year.
Backlog record $5.9B (+59% from YE 2024); bookings $815M in Q3, book-to-bill 1.8x YTD.
Full-year revenue guidance raised to $2.8-2.9B; Adjusted EBITDA guidance lowered to $240-250M.
Completed separation from Southwest Gas Holdings, refinanced debt, extended maturities, increased revolver to $450M.

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