Centuri Holdings, Inc. (CTRI)
NYSE:CTRI
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Earnings Data
Report Date
Aug 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.21Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and strategic picture: strong revenue growth (+31% YoY), large improvements in gross profit and adjusted EBITDA, meaningful bookings and backlog momentum, improving leverage, and a clear multi-year strategy with specific targets. Short-term weaknesses include a Q1 negative free cash flow position (timing-driven), a remaining net loss, some segment margin pressure (non-union electric) and investor concern about conservative guidance and pipeline conversion timing. Overall, the company shows tangible improvement and a credible plan for growth and margin expansion, with manageable near-term cash and margin variability.Company Guidance
Strong Top-Line Growth
Revenue of $723M in Q1, up 31% year-over-year; base revenue $689M, up 29% YoY, demonstrating robust demand across segments.
Material Improvement in Profitability Metrics
Gross profit rose 76% YoY to $36M and base gross profit increased 96% YoY to $28M; base gross profit margin improved to 4.1% from 2.7% a year ago and trailing 12-month base gross profit margin is 8.0%, up 100 basis points YoY.
Adjusted EBITDA and Net Loss Improvements
Adjusted EBITDA for the quarter was $33M, a 35% increase YoY; net loss attributable to common stock improved to $9M ($0.09/share) from a $18M ($0.20) loss last year and adjusted net loss narrowed to $2M ($0.02) from $11M ($0.12).
Strong Bookings and Backlog Momentum
Q1 bookings totaled $1.3B with a 1.8x book-to-bill; awards included $900M of MSA renewals, $180M of new/growth MSAs and $250M of bid work; roughly $2B of pending bids (including nearly $200M of data center work) provide upside.
Improving Leverage Profile and Capital Plan
Net debt to adjusted EBITDA ended Q1 at 2.7x, down from 3.5x a year ago, with management targeting ~2.0x by year-end; fleet funding shift to ~50/50 lease vs buy and emphasis on capital efficiency aim to improve free cash flow.
Reaffirmed Full-Year Guidance
Management reiterated 2026 guidance: base revenue $3.15B–$3.45B; base gross profit $255M–$285M; revenue $3.24B–$3.54B (including ~$88M storm revenue); adjusted EBITDA $280M–$310M; adjusted net income $55M–$75M; net CapEx $75M–$90M; free cash flow expected to exceed $60M for the year.
Strategic Long-Term Targets and Initiatives
Vision One Centuri targets 10%–15% base revenue CAGR through 2029, 70–170 bps base gross profit margin improvement, adjusted EPS CAGR 30%–45% to 2029, free cash flow conversion target 40%–50% by 2029, and planned tuck-in M&A (targeted small, accretive deals).
CTRI Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $41.80 | $33.60 | -19.62% |
Feb 25, 2026 | $30.96 | $30.67 | -0.94% |
Nov 05, 2025 | $19.69 | $21.92 | +11.33% |
Aug 06, 2025 | $21.85 | $21.36 | -2.24% |
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 Aug 03, 2026, Before Open (Confirmed).
What is Centuri Holdings, Inc. (CTRI) earnings time?
Centuri Holdings, Inc. (CTRI) earnings time is at Aug 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTRI EPS forecast?
CTRI EPS forecast for the fiscal quarter 2026 (Q2) is 0.21.