Highest-materiality recent filing
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.
Centuri posts record annual revenue of $2,983M; Q4 revenue up 20% to $858.6M
Record annual Revenue $2,983M (+13% YoY); Base Revenue $2,943M (+18%).
Centuri raises ~$235M via public offering at $21.50/share and $75M private placement with Icahn
Public offering of 7,441,860 shares at $21.50 per share; underwriters have 30-day option for 1,116,279 additional shares.
Centuri appoints Icahn's Dustin DeMaria to board under cooperation agreement
Board expanded to 8 directors; Dustin DeMaria appointed effective Nov 10, 2025.
Centuri Q3 revenue record $850M, up 18.1% YoY; adjusts EBITDA guidance down to $240-250M
Record quarterly revenue $850M (+18.1% YoY); net income $2.1M vs loss $3.7M prior year.
Southwest Gas sells entire 27.4M-share Centuri stake at $19.60/share
Selling stockholder Southwest Gas Holdings sold 27,362,210 shares of Centuri common stock at $19.60 per share.
Southwest Gas sold 17,250,000 shares of Centuri common stock in public offering at $19.50 per share; also sold 1,573,500 shares to Icahn affiliates at same price in concurrent private placement.
Centuri Q2 revenue up 7.7% to $724M, adj. EPS $0.19; raises FY revenue guidance
Revenue $724.1M (+7.7% YoY); net income $8.1M ($0.09 diluted) vs $11.7M ($0.14) prior year.
Centuri Holdings refinances debt with $800M term loan, extends revolver to 2030, lowers rate
New $800M term loan facility maturing July 2032; $93.6M new money, $706.4M refinanced existing term loans.
Southwest Gas sells 11.2M Centuri shares at $20.75; Icahn buys 1.06M in private placement
Southwest Gas sold 11,212,500 Centuri shares ($20.75 each; net proceeds ~$225M); Centuri received no proceeds.
Southwest Gas sold 10.35M shares of Centuri common stock in public offering at $17.50/share, including full over-allotment.
Centuri Q1 revenue up 4.2% to $550M, adjusted EBITDA up 20%; affirms FY25 outlook
Net loss improved to $17.9M ($0.20 per share) from $25.1M ($0.35) a year ago.
Centuri Q4 revenue $717M, Adj. EBITDA $70.7M; guides FY2025 revenue $2.6-2.8B
Q4 revenue $717.1M (+7.8% YoY); diluted EPS $0.12; adjusted diluted EPS $0.21.
Centuri Q3 net loss $3.7M; revenue $720M, down 7.1% YoY; reiterates FY guidance
Revenue $720.1M (down 7.1% YoY); net loss $3.7M (diluted EPS -$0.04).
Centuri Holdings appoints Chris Brown as President and CEO, succeeds interim CEO Paul Caudill
Chris Brown appointed President and CEO, effective Dec 3, 2024; also joins Board replacing William Fehrman.
Centuri Q2 revenue down 16.6% YoY; announces CEO transition and FY2024 guidance
Q2 revenue $672.1M (down 16.6% YoY); net income $11.7M ($0.14 diluted EPS); adj. diluted EPS $0.20.
Paul J. Caudill appointed interim President & CEO effective July 31, 2024; $275,000 monthly consulting fee.
Centuri Holdings CEO Bill Fehrman Resigns, Paul Caudill Appointed Interim CEO
Bill Fehrman steps down as President and CEO effective July 31, 2024 to become CEO of American Electric Power (Nasdaq: AEP).
Centuri Q1 revenue $528M down 19% YoY; adjusted EBITDA $20.2M, net loss widens
Net loss attributable to common stock $(25.1)M vs $(8.8)M prior year; adjusted net loss $(14.4)M.
IPO of 14,260,000 shares at $21.00/share completed on April 22; net proceeds ~$329.3M after expenses.
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.
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.
Christian (Chris) Brown was appointed as President and Chief Executive Officer of Centuri Holdings, Inc. (the “Company”).
the Board also appointed Mr. Brown as a director of the Board effective the Effective Date
the vacancy being created by William J. Fehrman’s resignation
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.
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.
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.
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.
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.
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.
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.
Max materiality 0.90 · Median 0.70 · Most common event earnings