secwatch.observer — SEC 8-K summary
======================================

Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001981599-26-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000198159926000055/0001981599-26-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000198159926000055/ctri-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001981599-26-000055

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