Centuri Holdings Inc

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Centuri Holdings reports Q3 revenue decline, focuses on cost control

Centuri Holdings faced challenges with revenue declines and a net loss in Q3 2024, despite highlighting growth strategies and securing new project awards.
The company's focus on cost control and diversification, along with cost-saving initiatives, presents opportunities for future operational improvements.
Analyst questions on competition, backlog fluctuations, and storm contributions underscore the need for addressing operational challenges and maintaining revenue stability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Centuri Holdings, Inc. is a utility infrastructure services company, which engages in the business of maintaining, upgrading, and expanding the energy network that powers millions of homes and businesses. It operates through the following segments: Gas Utility Services, Electric Utility Services, and Other. The Gas Utility Services segment provides comprehensive services including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies focused on the modernization of their infrastructure. The Electric Utility Services segment offers a comprehensive set of electric utility services encompassing design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure. The Other segment is involved in corporate and non-allocated costs such as corporate facility costs, non-allocated corporate salaries, benefits, and incentive compensation. The company was founded in 1909 and is headquartered in Phoenix, AZ.

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri”), a leading, pure-play North American utility infrastructure services company, today announced that Centuri President and CEO Bill Fehrman will ring the NYSE opening bell on Wednesday, June 5. This comes following a successful Initial Public Offering on April 18, 2024. The ceremony will begin at approximately 9:30 a.m. EDT and can be viewed at https://www.nyse.com/bell. “I'm honored to ring the NYSE opening bell on behalf.

Centuri Announces NYSE Bell Ringing to Commemorate Initial Public Offering

Southwest Gas Hlds

Delivers Strong First Quarter Utility Earnings Positive Nevada Rate Case Outcome Centuri IPO Successfully Executed; Net Proceeds Used to Reduce Centuri Debt LAS VEGAS , May 8, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or "Company") today reported first quarter 2024 consolidated net income of $87.7 million, or $1.22 per diluted share, and adjusted consolidated net income of $98.5 million, or $1.37 per diluted share. These results compared to consolidated net income of $45.9 million, or $0.67 per diluted share, and adjusted consolidated earnings of $121 million, or $1.77 per diluted share for the first quarter of 2023.

Southwest Gas Holdings, Inc. Reports First Quarter 2024 Financial Results, Affirms Guidance

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri" or the "Company") today announced results for the first quarter, ended March 31, 2024. Financial Highlights On April 22, 2024, completed an initial public offering ("IPO") of 14.3 million shares of common stock (including the underwriters' full exercise of their over-allotment options) at a price to the public of $21.00 per share. Additionally, completed a concurrent private placement of 2.6 million shares of common stock.

Centuri Reports First Quarter Results

Biohaven Pharmaceutical Hld

EyePoint Pharmaceuticals

Ibotta Inc

RXO Inc

Zura Bio Ltd

As tech giants and other sector leaders report their most recent quarterly results, one might expect notable insider purchases to be scarce.

These Biotechs and IPOs Inspire Big Insider Buying

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri”), a leading, pure-play North American utility infrastructure services company, today announced the closing of its initial public offering (“IPO”) of 14,260,000 shares of its common stock at a price to the public of $21.00 per share, including the underwriters' full exercise of their option to purchase 1,860,000 shares to cover over-allotments. Shares of Centuri's common stock began trading on the New York Stock Exchange un.

Centuri Announces Closing of Initial Public Offering

LAS VEGAS , April 22, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today announced the closing of Centuri Holdings, Inc.'s (NYSE: CTRI) ("Centuri") initial public offering ("IPO") of 14,260,000 shares of Centuri's common stock at a price to the public of $21.00 per share, including the underwriters' full exercise of their option to purchase 1,860,000 shares to cover over-allotments. Shares of Centuri's common stock began trading on the New York Stock Exchange under the symbol "CTRI" on April 18, 2024.

Southwest Gas Announces Closing of Centuri Initial Public Offering

Centuri Holdings has had a strong public debut, with shares extending gains after the offering. The company is a leader in utility infrastructure services and has a long track record and strong growth prospects. However, recent revenue declines and leverage concerns make me cautious about getting involved with the stock.

Centuri Holdings: Not Electrified About This IPO

Gauzy Ltd

Junee Ltd

Loar Holdings Inc

mF International Ltd

Rubrik Inc

Tungray Technologies Inc

Top Wealth Group Holding Ltd

U.S. IPO Weekly Recap: 2 Sizable Deals Price Up And Trade Up, While Broader IPO Market Slides

The market for initial public offerings (IPOs) continues to expand, with utility firm Centuri (NYSE: CTRI ) making its debut today. A subsidiary of Southwest Gas (NYSE: SWX ), Centuri provides various solutions to natural gas distribution and electric utilities.

CTRI Stock IPO: 7 Things to Know as Centuri Starts Trading Today

LAS VEGAS and PHOENIX , April 17, 2024 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas") and Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri"), a wholly owned subsidiary of Southwest Gas, today announced the pricing of Centuri's initial public offering (the "IPO") of 12,400,000 shares of Centuri's common stock at an initial public offering price of $21.00 per share. In addition, Centuri has granted the underwriters a 30-day option to purchase up to an additional 1,860,000 shares of its common stock to cover over-allotments, if any.

Southwest Gas and Centuri Announce Pricing of Centuri Initial Public Offering and Concurrent Private Placement

Centuri Holdings, Inc. has filed for a $100 million IPO, but may raise up to $500 million. The company provides utility infrastructure services in North America and has significant revenue concentration risk. Centuri is experiencing slow growth, operating losses, and has few long-term contracts.

Centuri Holdings Begins Carve Out IPO Process

News for Centuri Holdings Inc Stock (CTRI)