Centuri Holdings Reports Strong Q1 2025 Results

Centuri Holdings, Inc. ( (CTRI) ) has released its Q1 earnings. Here is a breakdown of the information Centuri Holdings, Inc. presented to its investors.

Centuri Holdings, Inc. is a strategic utility infrastructure services company that collaborates with regulated utilities to build and maintain energy networks across the United States and Canada.

Centuri Holdings reported its financial results for the first quarter of 2025, showcasing a positive trajectory in revenue and operational performance, while affirming its full-year outlook. The company secured record customer awards exceeding $1.2 billion, indicating strong commercial activity and growth potential.

In the first quarter of 2025, Centuri achieved a revenue of $550.1 million, marking a 4.2% increase from the previous year. The company reported a net loss of $17.9 million, an improvement from the $25.1 million loss in the same period last year. Adjusted EBITDA saw a significant 20% increase, reaching $24.2 million. The company also completed a comprehensive review to optimize its opportunity pipeline and sales functions, contributing to a robust backlog of $4.5 billion.

Centuri’s strategic focus on invigorating its sales processes and institutionalizing a growth culture has resulted in a book-to-bill ratio of 2.2x, reflecting strong demand and customer engagement. Despite challenges such as winter weather disruptions affecting the U.S. Gas segment, the company experienced growth in its Non-union and Union Electric segments, with notable increases in revenue and profitability.

Looking ahead, Centuri remains optimistic about its growth prospects, supported by a strong pipeline and continued customer capital spending. The company maintains its revenue outlook for 2025 between $2.60 and $2.80 billion, with adjusted EBITDA projected to range from $240 to $275 million, indicating confidence in its strategic initiatives and market positioning.