Centuri (NYSE:CTRI) Releases Earnings Results

Centuri (NYSE:CTRI – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03, FiscalAI reports. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The business had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. During the same period in the previous year, the company posted $0.19 EPS. Centuri’s revenue was up 32.9% on a year-over-year basis.

Here are the key takeaways from Centuri’s conference call:

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• Record quarterly revenue and higher adjusted earnings: Second-quarter revenue reached $962 million, up 33% year over year, while adjusted net income rose 44% to $24.4 million. Management raised 2026 guidance to $3.59–$3.79 billion of revenue, $285–$310 million of adjusted EBITDA, and $60–$75 million of adjusted net income.
• Strong demand and growing visibility: Year-to-date bookings exceeded $2.2 billion with a 1.3x book-to-bill ratio, while backlog increased 21% year over year to approximately $6.4 billion and the opportunity pipeline reached $16 billion. Data centers, electric transmission, utility infrastructure, and expanded MSA scopes remain key sources of demand.
• JJ White acquisition expands capacity: Centuri acquired JJ White for approximately $62 million, adding about 1,000 employees and industrial, mechanical, and electrical capabilities, particularly in the Northeast, Midwest, and data-center markets. The company expects more than $20 million of annualized gross profit from the acquisition and maintained its year-end leverage target of roughly 2.0x.
• Near-term margins face cost pressure: Higher fuel prices reduced second-quarter gross profit by approximately $6 million, while hiring and mobilization costs for 1,700 new employees reduced gross profit by another $3 million. Base gross margin fell to 7.9% from 8.9% a year ago, although management expects second-half margins to improve as new capacity becomes productive.

Centuri Stock Performance

NYSE:CTRI traded down $4.25 during midday trading on Tuesday, reaching $23.61. The stock had a trading volume of 1,708,764 shares, compared to its average volume of 1,434,478. The stock has a market capitalization of $2.38 billion, a P/E ratio of 70.32, a PEG ratio of 0.92 and a beta of 1.10. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The firm’s fifty day simple moving average is $28.83 and its 200-day simple moving average is $30.18.

Institutional Investors Weigh In On Centuri

A number of hedge funds have recently bought and sold shares of CTRI. Osaic Holdings Inc. increased its holdings in shares of Centuri by 1,389.6% during the 4th quarter. Osaic Holdings Inc. now owns 10,859 shares of the company’s stock worth $274,000 after purchasing an additional 10,130 shares during the period. Prelude Capital Management LLC acquired a new stake in Centuri during the third quarter worth about $290,000. Numerai GP LLC grew its position in Centuri by 78.0% during the third quarter. Numerai GP LLC now owns 18,844 shares of the company’s stock worth $399,000 after buying an additional 8,257 shares in the last quarter. Man Group plc bought a new position in Centuri during the third quarter valued at about $284,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Centuri by 63.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,600 shares of the company’s stock valued at $288,000 after acquiring an additional 5,300 shares during the period.

Analyst Ratings Changes

CTRI has been the subject of several recent research reports. UBS Group increased their price objective on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Wednesday, June 24th. Wall Street Zen lowered Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Robert W. Baird set a $41.00 price target on Centuri in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.80.

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About Centuri

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Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.

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