Centuri posts record annual revenue of $2,983M; Q4 revenue up 20% to $858.6M

Centuri Holdings, Inc.

2025-FY EPS reported $0.25 revenue$2,982,781,000

Record annual Revenue $2,983M (+13% YoY); Base Revenue $2,943M (+18%).
Q4 Net Income $30.2M (incl. $23.7M tax benefit); Adjusted EBITDA $77.7M.
FY2026 guidance: Revenue $3.24-3.54B, Adj. EBITDA $280-310M, Net Capex $75-90M.
Backlog $5.9B (+59% YoY); FY2025 bookings $4.5B, book-to-bill 1.5x.
Acquired Connect Atlantic Utility Services for $58M; Net Debt/EBITDA improved to 2.5x.

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