secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001981599-25-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000198159925000063/0001981599-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000198159925000063/ctri-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001981599-25-000063

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