Centuri Reports Third Quarter 2026 Results, Achieves Record Quarterly Revenue & Gross Profit and Delivers Margin Expansion
Centuri delivered record Q3 revenue of $1.2 billion, up 40% year-over-year, with gross profit of $113.4 million, up 45%, and gross margin expanding to 9.5% from 9.2%. Net income was $26.9 million versus $2.1 million a year ago, adjusted EBITDA rose 44% to $108.0 million, and net debt to adjusted EBITDA improved to 2.6x from 3.8x.
Key figures
- Eps
- 0.27
- Revenue
- 1192048000
- Guidance
- FY2026: revenue $3.8-$3.9 billion, Adjusted Gross Profit $305-$315 million, Adjusted EBITDA $290-$300 million, Adjusted Net Income $80-$90 million, Net CapEx $60-$70 million; 2027 targets: mid-teens revenue growth, 8.5-9.0% gross margin
- Revenue Yoy
- 40%
- Backlog
- $6.2 billion
- Net income
- 26900000
- Adjusted eps
- 0.42
- Gross margin
- 9.5%
- Gross profit
- 113391000
- Adjusted ebit
- 73000000
- Adjusted ebitda
- 108000000
- Book to bill ytd
- 1.01x
- Adjusted net income
- 42500000
- Opportunity pipeline
- $19 billion
- Adjusted ebitda margin
- 9.1%
- Net debt to adjusted ebitda
- 2.6x
AI analysis
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