Centuri Holdings Achieves Record Quarterly Revenue

By Chris Stiles • Wednesday, February 25 14:42 • Permanent Link

Centuri Holdings, Inc. (NYSE: CTRI) has released its financial and operating results for the fourth quarter and full year ended December 28, 2025. The company achieved record quarterly revenue of $858.6 million in the fourth quarter of 2025, marking a 20% increase from the same period in 2024. Gross profit for the quarter was $80.5 million, representing a 13.2% increase from the previous year.

Base revenue and base gross profit also saw substantial growth, reaching $855.1 million and $79.6 million respectively, reflecting increases of 28% and 50% compared to the fourth quarter of 2024. Centuri reported net income of $30.4 million, adjusted net income of $15.9 million, and adjusted EBITDA of $77.7 million for the quarter.

For the full year 2025, Centuri achieved a record annual revenue of $2,983 million, a 13% increase over 2024. Gross profit for the year amounted to $247 million, marking a 12% increase from 2024. Base revenue and base gross profit for the full year reached $2,943 million and $234 million, representing year-over-year increases of 18% and 35% respectively.

The company also experienced a significant increase in bookings, securing $814 million in the fourth quarter and recording annual bookings of $4.5 billion, with a backlog of approximately $5.9 billion, a 59% increase from the previous year.

Centuri's President and CEO, Christian Brown, expressed his satisfaction with the company's performance, highlighting significant progress and positioning for future growth and value creation. He emphasized the company's ability to identify and secure growth opportunities, expand its capabilities, and deliver predictable earnings growth while strengthening the balance sheet.

The company expects sustained growth in 2026, with a forecasted base revenue guidance at the mid-point of approximately $1.1 billion, supported by a $5.9 billion year-end backlog and a substantial $13 billion opportunity pipeline.

Centuri also provided financial guidance for 2026, including a base revenue range of $3.15 to $3.45 billion and a base gross profit range of $255 to $285 million. Adjusted EBITDA is projected to be in the range of $280 to $310 million, with adjusted net income expected to be between $55 and $75 million. The company also anticipates net capital expenditures of $75 to $90 million in 2026.

Following these announcements, the company's shares moved 4.2%, and are now trading at a price of $27.80. If you want to know more, read the company's complete 8-K report here.

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