Centuri (NYSE:CTRI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Centuri (NYSE:CTRI) announced its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share 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 firm had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. During the same quarter in the previous year, the company posted $0.19 EPS. The company’s revenue was up 32.9% compared to the same quarter last year.

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

• 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 Down 16.8%

Shares of CTRI traded down $4.69 during mid-day trading on Tuesday, hitting $23.17. 2,567,749 shares of the company’s stock were exchanged, compared to its average volume of 1,436,763. The stock’s 50-day moving average is $28.83 and its 200-day moving average is $30.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. Centuri has a fifty-two week low of $19.04 and a fifty-two week high of $42.99. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 67.97, a P/E/G ratio of 0.92 and a beta of 1.10.

Institutional Trading of Centuri

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after buying an additional 1,874 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares in the last quarter. Inspire Advisors LLC purchased a new position in Centuri in the fourth quarter valued at approximately $220,000. Intech Investment Management LLC acquired a new stake in Centuri during the third quarter worth approximately $231,000. Finally, SkyView Investment Advisors LLC acquired a new stake in Centuri during the fourth quarter worth approximately $253,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird set a $41.00 price target on shares of Centuri in a research note on Friday, May 8th. UBS Group lifted their price target on shares of Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald lifted their target price on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Centuri has an average rating of “Hold” and a consensus price target of $37.80.

Centuri Company Profile

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.