Centuri Holdings, Inc.

Centuri Appoints Experienced Industry Executive Michael Christy as EVP, Group Development Officer

Centuri Holdings (NYSE: CTRI) appointed Michael Christy as Executive Vice President, Group Development Officer, a new role focused on strategy execution, groupwide sales, and tuck-in acquisitions under the Vision One Centuri strategy. Christy will also lead Centuri's non-union electric businesses. He brings more than 25 years of industry experience, including EVP of Strategy at Pike Enterprises, Utilities Segment President at Primoris (where he grew the segment P&L from $500 million to over $2 billion), and senior roles at Quanta, InfraSource, and Dycom. The hire is a leadership strengthening move rather than a response to an executive departure; it modestly supports execution of the company's organic growth and M&A strategy.

•27d ago

Centuri Announces More than $475 Million in Customer Awards

Centuri announced over $475 million in new commercial awards, bringing its total year-to-date 2026 bookings to approximately $2.6 billion. The bookings include work for a hyperscale data center supported by the recent JJ White acquisition, as well as major natural gas infrastructure and electric transmission projects. Management noted that 81% of the award value stems from new projects or expanded agreements, targeting double-digit profit margins across diversified electric and gas capabilities.

•2mo ago

Centuri Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance

Centuri delivered record Q2 revenue of $962 million, up 33% year-over-year, and raised its full-year Base Revenue guidance to $3.5-$3.7 billion. Adjusted EBITDA increased 5% to $75.7 million, while adjusted net income jumped 44% to $24.4 million despite a $9 million headwind from a Chicago legal reversal. The company closed the $62 million acquisition of JJ White, adding scale to its Union Electric segment and increasing its backlog to $6.4 billion.

•2mo ago

Centuri Expands Industrial and Union Electric Capabilities with Acquisition of J.J. White

Centuri Holdings completed the acquisition of J.J. White, a mechanical and electrical construction services provider, to expand its industrial and union electric capabilities. The deal brings nearly 1,000 employees and $315 million in contracted backlog, with a pipeline exceeding $2.8 billion that includes data center projects. Centuri expects the acquisition to contribute more than $20 million in annual gross profit while maintaining its ~2x year-end 2026 leverage target.

•3mo ago

Centuri Announces More than $360 Million in Customer Awards

Centuri announced more than $360 million in new commercial awards, bringing its total commercial awards for year-to-date 2026 to over $2 billion. The bookings include a $125 million award for a multi-building data center campus and consist of 43% new projects and 57% renewals of existing Master Services Agreements. CEO Christian Brown attributed the wins to the company's safety record and execution quality, noting the awards strengthen its position in key new markets like data centers.

•4mo ago

Centuri Announces More than $300 Million in Customer Awards

Centuri announced more than $300 million in new commercial awards, bringing its year-to-date 2026 bookings to approximately $1.7 billion. The new awards are heavily weighted toward new bid work and expanded Master Services Agreements (87%), with only 13% representing renewals, indicating strong net-new demand. Management highlighted a robust pipeline with approximately $400 million in further contract awards under negotiation, including data center-related scopes, and now expects a full-year book-to-bill ratio of approximately 1.2x.

•4mo ago

Centuri Reports First Quarter 2026 Results, Achieves 76% Year-over-year Gross Profit Growth and Record $6.5 Billion Backlog

Centuri reported Q1 revenue of $723.2 million, up 31% year-over-year, with gross profit surging 76% to $35.8 million driven by strong performance across all segments. The company achieved a record backlog of $6.5 billion, a 44% increase, supported by $1.3 billion in quarterly bookings and a book-to-bill ratio of 1.8x. Management reiterated full-year 2026 guidance and introduced long-term targets through 2029, projecting 10-15% base revenue CAGR and 30-45% adjusted EPS CAGR.

•5mo ago

Global Offshore Wind Leaders Partner to Build Nova Scotia Supply Chain

Riggs Distler, a subsidiary of Centuri Holdings (CTRI), signed a strategic Teaming Agreement with Smulders and Cherubini Bridges & Structures to support the fabrication and delivery of offshore renewable energy infrastructure in Nova Scotia. The collaboration aims to accelerate a domestic supply chain for Canada’s target of 5 GW of offshore wind capacity by 2030, leveraging Cherubini’s 250,000 square feet of fabrication space and Smulders’ global expertise. Riggs Distler will utilize the scale of the Centuri platform, including the local execution capabilities of Connect Utility Services, to support long-term growth in the region.

•6mo ago