Centuri (NYSE:CTRI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Centuri (NYSE:CTRI) issued its earnings results on Wednesday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03), FiscalAI reports. The firm had revenue of $858.60 million during the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a return on equity of 6.37% and a net margin of 0.09%.The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share.

Here are the key takeaways from Centuri’s conference call:

• Company delivered a record $3.0 billion in 2025 revenue with adjusted net income of $39 million (up 49% YoY) and base revenue/gross profit up 18% and 35%, respectively.
• Commercial momentum: a 1.5x book-to-bill for 2025 with > $4.5 billion of bookings and a year-end backlog of ~$5.9 billion that management says covers >85% of 2026 base revenue.
• Management is targeting margin expansion via a 3‑year plan to mitigate gas seasonality (starting 2026), a goal of at least 20% fleet-efficiency improvement, and improved Non-Union Electric crew productivity.
• Balance-sheet progress: completed an equity raise (~$251 million), used proceeds for the Connect acquisition and debt paydown, lowering net debt/adjusted EBITDA to 2.5x with a target of ~2.0x and roughly 30% lower interest expense expected in 2026.
• Remaining risks and variability: data-center awards have been slower than expected so far, storm restoration revenue is inherently variable (guidance uses a 3‑year average), and Q4 adjusted net income was slightly below prior-year quarter, implying potential near-term earnings volatility.

Centuri Stock Performance

Shares of CTRI traded down $0.26 on Wednesday, reaching $30.70. The company’s stock had a trading volume of 1,505,022 shares, compared to its average volume of 1,282,749. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. Centuri has a 12-month low of $14.45 and a 12-month high of $32.38. The stock has a market capitalization of $3.06 billion, a P/E ratio of 1,030.21, a PEG ratio of 1.18 and a beta of 0.81. The stock’s 50 day simple moving average is $27.95 and its two-hundred day simple moving average is $23.78.

Insider Activity

In related news, CEO Christian Brown sold 7,108 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $24.51, for a total value of $174,217.08. Following the transaction, the chief executive officer directly owned 22,089 shares of the company’s stock, valued at approximately $541,401.39. This trade represents a 24.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by insiders.

Institutional Trading of Centuri

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Centuri by 13,385.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after buying an additional 1,874 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after acquiring an additional 3,037 shares in the last quarter. Inspire Advisors LLC purchased a new stake in Centuri in the 4th quarter worth approximately $220,000. Intech Investment Management LLC bought a new stake in Centuri during the 3rd quarter worth approximately $231,000. Finally, SkyView Investment Advisors LLC purchased a new position in Centuri during the fourth quarter valued at approximately $253,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CTRI. Cantor Fitzgerald started coverage on shares of Centuri in a research note on Friday, January 23rd. They set an “overweight” rating and a $34.00 target price on the stock. Wells Fargo & Company raised their price objective on Centuri from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price objective on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. UBS Group raised their target price on shares of Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.40.

About Centuri

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.