Centuri raises FY25 revenue view to $2.8B-$2.9B from $2.7B-$2.85B

Consensus $2.76B. Cuts FY25 adjusted EBITDA view to $240M-$250M from $250M-$270M. The company said, “We’re making strides in optimizing our operational foundation through our strategic fleet initiative, where we’ve lined up several leasing partners and remain on track to achieve our balanced capital expenditure funding mix goal over the next couple of quarters. Concurrently, our comprehensive multi-year strategic planning process is underway, focused on establishing Centuri (CTRI) as a top-tier standalone infrastructure services provider. This framework emphasizes sustainable earnings growth, enhanced organizational integration under our ‘One Centuri’ vision, and world-class resource delivery capabilities. These initiatives collectively position us to capitalize on the substantial opportunities within North America’s expanding energy infrastructure landscape, and we look forward to elaborating on these various facets of our strategy in the months ahead.”