Centuri (NYSE:CTRI) Issues Earnings Results

Centuri (NYSE:CTRI) announced its earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03, FiscalAI reports. The business had revenue of $959.53 million for the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share.

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

• Record quarterly revenue and higher adjusted earnings: Second-quarter revenue reached $962 million, up 33% year over year, while adjusted net income rose 44% to $24.4 million. Management raised 2026 guidance to $3.59–$3.79 billion of revenue, $285–$310 million of adjusted EBITDA, and $60–$75 million of adjusted net income.
• Strong demand and growing visibility: Year-to-date bookings exceeded $2.2 billion with a 1.3x book-to-bill ratio, while backlog increased 21% year over year to approximately $6.4 billion and the opportunity pipeline reached $16 billion. Data centers, electric transmission, utility infrastructure, and expanded MSA scopes remain key sources of demand.
• JJ White acquisition expands capacity: Centuri acquired JJ White for approximately $62 million, adding about 1,000 employees and industrial, mechanical, and electrical capabilities, particularly in the Northeast, Midwest, and data-center markets. The company expects more than $20 million of annualized gross profit from the acquisition and maintained its year-end leverage target of roughly 2.0x.
• Near-term margins face cost pressure: Higher fuel prices reduced second-quarter gross profit by approximately $6 million, while hiring and mobilization costs for 1,700 new employees reduced gross profit by another $3 million. Base gross margin fell to 7.9% from 8.9% a year ago, although management expects second-half margins to improve as new capacity becomes productive.

Centuri Price Performance

NYSE CTRI remained flat at $21.88 on Wednesday. 1,728,900 shares of the company’s stock traded hands, compared to its average volume of 1,479,424. The stock has a market cap of $2.21 billion, a PE ratio of 64.35, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. Centuri has a 1 year low of $19.04 and a 1 year high of $42.99. The firm’s 50 day simple moving average is $28.63 and its 200-day simple moving average is $30.14.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $33.00 price target on shares of Centuri in a research report on Wednesday. Cantor Fitzgerald decreased their price target on Centuri from $46.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group increased their target price on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upped their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.40.

Institutional Investors Weigh In On Centuri

A number of large investors have recently made changes to their positions in CTRI. Caitong International Asset Management Co. Ltd increased its position in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after purchasing an additional 1,874 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Centuri by 121.7% during 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 acquired a new position in shares of Centuri during the 4th quarter valued at about $220,000. SkyView Investment Advisors LLC bought a new position in shares of Centuri in the 4th quarter valued at approximately $253,000. Finally, Ieq Capital LLC acquired a new stake in Centuri in the 4th quarter worth approximately $256,000.

More Centuri News

Here are the key news stories impacting Centuri this week:

• Positive Sentiment: Centuri reported second-quarter EPS of $0.24, exceeding the $0.21 consensus estimate and improving from $0.19 a year earlier. Revenue reached approximately $962 million, up 33% year over year and well above analysts’ expectations. Centuri Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance
• Positive Sentiment: The company raised its full-year 2026 revenue outlook to $3.6 billion-$3.8 billion, above the roughly $3.5 billion analyst consensus. The improved outlook reinforces expectations for continued growth. Centuri Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance
• Positive Sentiment: Management’s earnings call provided additional context on the quarterly results and the company’s raised 2026 outlook, which may support investor confidence in Centuri’s operating momentum. Centuri Holdings Q2 2026 Earnings Call Transcript

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.