Centuri Holdings, Inc. reported fiscal year 2026 results: revenue $3.24 to $3.54 billion. Guidance reaffirmed.
“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”
Earnings Releases
Centuri Holdings, Inc. reported first quarter ended March 29, 2026 results: revenue $723.2 million, net income Net Loss of $9.5 million.
“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”
Debt Financings
Centuri Holdings, Inc. amended revolving credit of increase the maximum principal amount of the senior secured revolving credit facility from $400 million to $450 million with Wells Fargo Bank, National Association, as administrative agent maturing July 9, 2030.
“and $706.4 million of which was used to refinance existing term loans; (d) increase the maximum principal amount of the senior secured revolving credit facility from $400 million to $450 million; (e) extend the maturity date of the senior secured revolving credit facility from August 27, 2026 to July 9, 2030; (f) make certain adjustments to pricing,”
Debt Financings
Centuri Holdings, Inc. amended credit facility of $800 million term loan facility with Wells Fargo Bank, National Association, as administrative agent at decreasing the interest rate margin applicable to term loans by 0.25% to 2.25% f maturing July 9, 2032.
“(c) refinance and replace in full the existing term loan facility with an $800 million term loan facility with a maturity date of July 9, 2032”
Gregory A. Izenstark changed role as Executive Vice President and Chief Financial Officer at Centuri Holdings, Inc..
“As a result of this designation, Gregory A. Izenstark, the Company’s Executive Vice President and Chief Financial Officer, stepped down as the Company’s principal accounting officer but will continue to serve as the Company’s principal financial officer.”
Kendra Chilton was appointed as Principal Accounting Officer at Centuri Holdings, Inc..
“On November 18, 2024, Kendra Chilton, Vice President, Corporate Controller of Centuri Holdings, Inc. (the “Company”), was designated as the Company’s principal accounting officer, effective immediately.”
William J. Fehrman resigned as Director at Centuri Holdings, Inc..
“the vacancy being created by William J. Fehrman’s resignation”
Christian (Chris) Brown was appointed as Director at Centuri Holdings, Inc..
“the Board also appointed Mr. Brown as a director of the Board effective the Effective Date”
Christian (Chris) Brown was appointed as President and Chief Executive Officer at Centuri Holdings, Inc..
“Christian (Chris) Brown was appointed as President and Chief Executive Officer of Centuri Holdings, Inc. (the “Company”).”
William J. Fehrman resigned as President and Chief Executive Officer at Centuri Holdings, Inc..
“As previously disclosed in the Initial Form 8-K, in connection with his resignation as President and Chief Executive Officer of the Company, Mr. Fehrman will forfeit all of his unvested restricted stock units and cash incentive awards and repay the $2.0 million signing bonus paid to him upon commencement of his employment with the Company.”
Paul J. Caudill was appointed as interim President and Chief Executive Officer at Centuri Holdings, Inc..
“In connection with Mr. Caudill’s appointment as interim Chief Executive Officer, on July 16, 2024, the Company entered into a consulting agreement (the “Consulting Agreement”) with Mr. Caudill.”
Paul J. Caudill was appointed as Chief Executive Officer at Centuri Holdings, Inc..
“Until a permanent successor is identified, the Company has appointed Paul J. Caudill to serve as the Company’s interim Chief Executive Officer, effective July 31, 2024.”
William J. Fehrman resigned as President and Chief Executive Officer at Centuri Holdings, Inc..
“On June 21, 2024, William J. Fehrman, the President and Chief Executive Officer of Centuri Holdings, Inc. (the “Company”), informed the Company’s Board of Directors (the “Board”) of his decision to resign as President and Chief Executive Officer, effective July 31, 2024.”
Earnings Releases
Centuri Holdings, Inc. reported first quarter, ended March 31, 2024 results: revenue $528.0 million, net income $(25.1) million.
“from existing master service agreements ("MSAs") customers supporting the work to advance critical reliability and integrity spending • First quarter consolidated revenue of $528.0 million • First quarter results include net loss attributable to common stock of $(25.1) million, adjusted net loss of $(14.4) million, and adjusted EBITDA of $20.2 million • First”
Charles R. Patton was appointed as director at Centuri Holdings, Inc..
“On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.”
Anne L. Mariucci was appointed as director at Centuri Holdings, Inc..
“On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.”
Christopher A. Krummel was appointed as director at Centuri Holdings, Inc..
“On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.”
Andrew W. Evans was appointed as director at Centuri Holdings, Inc..
“On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.”
Julie A. Dill was appointed as director at Centuri Holdings, Inc..
“On March 21, 2024, Julie A. Dill, Andrew W. Evans, Christopher A. Krummel, Anne L. Mariucci and Charles R. Patton were appointed as directors of the Company’s board of directors (the “Board”), effective as of 4:00 p.m. New York City time on April 17, 2024, the effective date of the Registration Statement.”
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