Centuri Holdings, Inc. (CTRI) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.02

Last Year’s EPS

-0.12

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 25, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a strong set of operational and financial accomplishments—record revenue, robust bookings and backlog growth, meaningful base revenue and base gross profit expansion, segment-level outperformance (notably in nonunion electric and Canada), and improved leverage and cash generation initiatives. Management acknowledged near-term challenges including Q1 seasonality in the gas business, working-capital and DSO improvement needs, persistent fleet and CapEx demands, and some slower-than-expected early data-center wins. On balance, positive momentum, conservative guidance, and concrete initiatives to address weaknesses suggest the company is positioned for continued progress into 2026.

Company Guidance

Centuri initiated full‑year 2026 guidance calling for base revenue of $3.15–$3.45 billion and base gross profit of $255–$285 million (base gross margin midpoint ~8.2%; including the assumed three‑year average storm contribution of $88M revenue and $28M gross profit lifts the midpoint to about 8.8%), total revenue of $3.24–$3.54 billion, adjusted EBITDA of $280–$310 million, adjusted net income of $55–$75 million, and net CapEx of $75–$90 million. Management also forecasted fleet investments of $150–$180 million (targeting ~50/50 buy vs. lease and at least 20% fleet efficiency improvement), expects net debt/adjusted EBITDA to fall to ~2.0x by year‑end 2026 (from 2.5x at year‑end 2025) with interest expense roughly 30% lower versus 2025, and reiterated a longer‑term free cash flow conversion target of about 50% of adjusted EBITDA. The guidance is underpinned by a year‑end backlog of ~$5.9 billion (up $2.2B, +59% YoY) that should cover >85% of 2026 base revenue, bookings YTD of ~ $1.1 billion, a $13.0 billion opportunity pipeline (580 bid opportunities totaling ~$6.7B, $2.8B of near‑term active proposals, and near‑term opportunity around $1.3B), and a data‑center pipeline of ~20+ opportunities (~$1.4B, with prospects up to ~$2.0B).

Record Full-Year Revenue

Centuri delivered record 2025 revenue of $3.0 billion, a 13% increase versus 2024, and Q4 revenue of $859 million, up 20% year over year.

Strong Base Revenue and Gross Profit Growth

Base revenue for 2025 was $2.9 billion (up 18% YoY) and base gross profit was $234 million (up 35% YoY). Base gross margin improved to 8.0% in 2025 from 6.9% in 2024 (≈100 basis points increase).

Robust Bookings, Backlog and Opportunity Pipeline

Bookings exceeded $4.5 billion for 2025 with a 1.5x book-to-bill ratio (vs 1.1x target). Year-end backlog was ~$5.9 billion, up $2.2 billion (59%) YoY and forecast to cover >85% of 2026 base revenue guidance. Total opportunity pipeline stands at $13.0 billion with 580 bid opportunities (~$6.7 billion) and $2.8 billion of near-term active proposals.

Segment Outperformance — Nonunion & Union Electric, Canada

Nonunion Electric base revenue rose to $569 million (+51% YoY) with base gross margin improving to 8.5% (from 5.9%). Union Electric base revenue was $800 million (+21% YoY) with base gross margin 8.7% (+110 bps). Canadian operations revenue grew 25% to $247 million with gross margin improving to 18.6% from 15.9%.

Improved Profitability and Adjusted Results

Adjusted net income for 2025 was $39 million (a 49% increase over 2024 per management commentary). Adjusted EBITDA for the year was $249 million (up from $238 million in 2024). Q4 adjusted EBITDA was $78 million versus $71 million prior-year quarter.

Deleveraging and Balance Sheet Strength

Net debt to adjusted EBITDA improved to 2.5x at year-end 2025 from 3.6x at year-end 2024. Company completed equity raises (~$251 million net proceeds) and used proceeds for the Connect Atlantic acquisition and net debt reduction. Targeting ~2.0x net debt/EBITDA by year-end 2026.

Cash Generation and CapEx Funding Strategy

Q4 operating cash flow was $84 million and free cash flow was $106 million. In 2025 Centuri invested $135 million in fleet assets using a mix of operating leases, sale-leasebacks and net CapEx; 2026 fleet investment forecast is $150–$180 million with ~50/50 buy vs lease to improve capital efficiency. Net CapEx guidance for 2026 is $75–$90 million.

Data Center Opportunity

Data center pipeline highlighted with >20 opportunities totaling ~$1.4 billion (management notes upside to ~$2.0 billion including early-stage prospects). Management expects meaningful near-term bidding activity and ~$1.3 billion of funded data-center projects currently tendering with anticipated bookings in the first half of 2026.

2026 Financial Guidance

Company initiated 2026 guidance: base revenue $3.15–3.45 billion; base gross profit $255–285 million; total revenue (incl. storm) $3.24–3.54 billion; adjusted EBITDA $280–310 million; adjusted net income $55–75 million; expected ~30% lower interest expense in 2026 vs 2025.

Centuri Holdings, Inc. (CTRI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CTRI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q1)	-0.02 / -	-0.12	―	―	―
Feb 25, 2026	2025 (Q4)	0.19 / 0.17	0.21	-19.05% (-0.04)
Nov 05, 2025	2025 (Q3)	0.29 / 0.19	0.06	216.67% (+0.13)
Aug 06, 2025	2025 (Q2)	0.23 / 0.19	0.2	-5.00% (-0.01)
May 12, 2025	2025 (Q1)	-0.14 / -0.12	-0.161	25.47% (+0.04)
Feb 26, 2025	2024 (Q4)	0.19 / 0.21	0.026	707.69% (+0.18)
Nov 06, 2024	2024 (Q3)	0.31 / 0.06	―	―
Jul 29, 2024	2024 (Q2)	0.23 / 0.20	―	―
May 08, 2024	2024 (Q1)	- / -0.16	-0.1	-61.00% (-0.06)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CTRI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	$19.69	$21.92	+11.33%
Aug 06, 2025	$21.85	$21.36	-2.24%
May 12, 2025	$21.34	$19.53	-8.48%
Feb 26, 2025	$18.78	$17.46	-7.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Centuri Holdings, Inc. (CTRI) report earnings?

Centuri Holdings, Inc. (CTRI) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).

What is Centuri Holdings, Inc. (CTRI) earnings time?

Centuri Holdings, Inc. (CTRI) earnings time is at May 13, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is CTRI EPS forecast?

CTRI EPS forecast for the fiscal quarter 2026 (Q1) is -0.02.