Centuri Holdings Inc (NYSE:CTRI)

Q3 2025 Centuri Holdings Inc Earnings Call Transcript

Nov 5, 2025 / 03:00 PM GMT

Release Date Price: $21.92 (+11.33%)

Transcript 10-Q8-K

Key Points

Positve

Centuri Holdings Inc (CTRI) reported record revenue for the third quarter of 2025, with consolidated revenues totaling $850 million, an 18% increase from Q3 2024.
The company achieved a 25% increase in base revenue and a 28% increase in base gross profit, reflecting strong growth in its core business.
Centuri Holdings Inc (CTRI) secured approximately $815 million in Q3 bookings, with nearly 80% representing new revenue opportunities.
The company's backlog reached a record high of approximately $5.9 billion, up from $5.3 billion last quarter, indicating strong future business prospects.
Centuri Holdings Inc (CTRI) successfully completed a refinancing of its debt arrangements, extending maturities and improving interest rates, which strengthens its financial position.

Negative

Gross profit margin decreased to 9.2% in Q3 2025 from 10.5% in the same period last year, indicating some pressure on profitability.
The company experienced a decline in adjusted EBITDA to $75.2 million from $78.8 million in the prior year's quarter.
Free cash flow in the third quarter was negative at $-16.3 million, although this is expected to normalize in the fourth quarter.
The non-union electric segment saw a significant drop in gross profit margin to 7.1% from 16.6% in the prior year period, primarily due to ramping crews for new and expanding MSAs.
Centuri Holdings Inc (CTRI) faced an $8.2 million charge related to debt refinancing, impacting net income for the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTRI.N - Centuri Holdings Inc
Q3 2025 Centuri Holdings Inc Earnings Call
Nov 05, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to Century's 3rd quarter 2025 earnings call. At this time, all participants are in a listen-only mood.

A brief question-and-answer session will follow the formal presentation.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce you, your host, Nate Tetlow, Century's Vice President of Investors relations. Please, you may begin.

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Unidentified_2 [2]
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Thank you, Libby, and good morning, everyone.

Today we issued and posted to Century Holdings website our third

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