Centuri Q1 revenue up 31% to $723M; backlog record $6.5B; introduces long-term targets

Centuri Holdings, Inc.

2026-Q1 EPS reported -$0.09 revenue$723,174,000

Revenue $723M (+31% YoY); Gross Profit $35.8M (+76%); Net loss narrowed to $9.5M from $17.9M.
Adjusted EBITDA $32.6M (+34% YoY); Backlog record $6.5B (+44% YoY); Bookings $1.3B, book-to-bill 1.8x.
Reiterated FY2026 guidance: Base Rev $3.15-3.45B, Base Gross Profit $255-285M, Adj. EBITDA $280-310M.
Introduced 2025-2029 targets: Base Rev CAGR 10-15%, Base Gross Profit Margin 8.7-9.7% by 2029.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Centuri Holdings, Inc. reported first quarter ended March 29, 2026 results: revenue $723.2 million, net income Net Loss of $9.5 million.

Period: first quarter ended March 29, 2026
Revenue: $723.2 million
Net income: Net Loss of $9.5 million
Result: reported results

Exact text from the filing

CENTURI REPORTS FIRST QUARTER 2026 RESULTS, ACHIEVES 76% YEAR-OVER-YEAR GROSS PROFIT GROWTH AND RECORD $6.5 BILLION BACKLOG PHOENIX, AZ – May 6, 2026 - Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri" or the "Company") today announced financial and operating results for the first quarter ended March 29, 2026. The Company also made available on its website a supplemental strategy presentation, Vision One Centuri , and introduced long-term financial targets, which it will discuss during tomorrow’s conference call. First Quarter 2026 Results and Highlights • Achieved quarterly Revenue of $723.2 million, a 31% increase versus the first quarter of 2025 • Produced Gross Profit of $35.8 million, a 76% increase from the same period last year • Delivered Base Revenue and Base Gross Profit of $688.7 million and $28.0 million, respectively, representing increases of 29% and 96% versus the first quarter of 2025 • Reported Net Loss of $9.5 million, an $8.4 million improvement from the same period las

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Centuri Holdings, Inc. reported fiscal year 2026 results: revenue $3.24 to $3.54 billion. Guidance reaffirmed.

Period: fiscal year 2026
Revenue: $3.24 to $3.54 billion
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Full Year 2026 Financial Guidance The Company reiterates its full year 2026 guidance. Base Revenue and Base Gross Profit do not include contributions from storm restoration services, which are unpredictable. While storm restoration services remain a key capability of the Company, management believes these non-GAAP measures are more suitable for evaluating fundamental business performance and for comparison purposes. • Base Revenue of $3.15 to $3.45 billion • Base Gross Profit of $255 to $285 million Adjusted EBITDA and Adjusted Net Income are non-GAAP measures that include contributions from storm restoration services. Guidance for these measures and Revenue include estimated contributions from storm restoration services based on three-year (2023-2025) averages of $88 million of storm restoration services revenue and $28 million of storm restoration services gross profit. • Revenue of $3.24 to $3.54 billion • Adjusted EBITDA of $280 to $310 million • Adjusted Net Income of $55 to $75 m

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Centuri Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001981599-26-000055

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