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.
Key figures
- Revenue
- 723200000
- Guidance
- FY26 Base Revenue $3.15B-$3.45B; Adj EBITDA $280M-$310M; Adj Net Income $55M-$75M
- Revenue Yoy
- 31%
- Backlog
- 6500000000
- Bookings
- 1300000000
- Adj ebitda
- 32600000
- Gross profit
- 35800000
AI analysis
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