Centuri Holdings Inc (NYSE:CTRI)

Q2 2026 Centuri Holdings Inc Earnings Call Transcript

Aug 4, 2026 / 02:00 PM GMT

Release Date Price: $21.88 (-21.46%)

Transcript 10-Q8-K

Key Points

Positve

Centuri Holdings Inc (CTRI) delivered record quarterly revenue of $962 million, a 33% increase year-over-year, with adjusted net income up 44%.
The company's backlog reached approximately $6.4 billion, up 21% year-over-year, and the opportunity pipeline surged to $16 billion, up 23% from the first quarter.
Centuri Holdings Inc (CTRI) secured its largest data center project to date, a $125 million award, and has a robust pipeline of $2 billion in data center opportunities.
The acquisition of JJ White is expected to add over $20 million in annualized gross profit, expanding capabilities in the Northeast and Midwest without changing the year-end leverage target.
Management raised full-year 2026 guidance, forecasting base revenue of $3.5-$3.7 billion and free cash flow exceeding $75 million, a 25% improvement over initial expectations.

Negative

Centuri Holdings Inc (CTRI)'s base gross profit margin declined to 7.9% in Q2 from 8.9% last year, impacted by higher fuel costs and capacity investments.
Elevated fuel prices due to Middle East conflicts added approximately $6 million in costs during the quarter, with an additional $5 million headwind expected in Q3.
The company wrote down $9 million in receivables related to pre-2020 work for the City of Chicago, negatively impacting US Gas revenue.
US Gas gross profit margin fell sharply to 4.2% in Q2 from 7.8% last year, partly due to $3 million in costs from adding 1,700 new employees.
Free cash flow was negative $7 million in the quarter, and the company faces a 55 basis point EBITDA margin headwind from increased operating lease usage.

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

CTRI.N - Centuri Holdings Inc
Q2 2026 Centuri Holdings Inc Earnings Call
Aug 04, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone.

Thank you for joining us and welcome to the Century Second Quarter 2026 Earnings Conference Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again.

I will now hand the conference over to Nathan Tetlow, Vice President, Investor Relations. Nathan, please go ahead.

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

Today, we issued and posted to Century Earnings

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