Centuri raises FY25 revenue view to $2.7B-$2.85B from $2.6B-$2.8B

Consensus $2.74B. Narrows FY25 adjusted EBITDA view to $250M-$270M from $240M-$275M. The company said, “We are strategically increasing investment in our business to capitalize on expected growth driven by our contract awards and robust near-term pipeline opportunities, while simultaneously advancing meaningful capital efficiency initiatives. In recent weeks, we executed several strategic agreements, including new master lease arrangements that provide enhanced fleet management flexibility while preserving our ability to optimally deploy resources across operations. Additionally, our recent appointment of an experienced head of fleet positions us to drive further operational improvements in the quarters ahead.”