Centuri (NYSE:CTRI) Releases Earnings Results, Beats Estimates By $0.03 EPS

Centuri (NYSE:CTRI) released its earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03, FiscalAI reports. The company had revenue of $959.53 million during the quarter, compared to the consensus estimate of $835.99 million. Centuri had a return on equity of 6.03% and a net margin of 0.86%.Centuri’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

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 Trading Up 1.4%

Shares of Centuri stock traded up $0.32 during midday trading on Thursday, reaching $22.55. 1,174,031 shares of the company’s stock traded hands, compared to its average volume of 1,501,315. The stock has a 50 day moving average of $28.46 and a 200-day moving average of $30.11. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99. The company has a market cap of $2.28 billion, a PE ratio of 72.76, a price-to-earnings-growth ratio of 0.72 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.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in shares of Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after buying an additional 95,585 shares during the period. JPMorgan Chase & Co. lifted its holdings in Centuri by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after buying an additional 890 shares during the period. Legal & General Group Plc boosted its position in Centuri by 126.8% during the 2nd quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock valued at $667,000 after acquiring an additional 16,618 shares in the last quarter. Rhumbline Advisers boosted its position in Centuri by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock valued at $543,000 after acquiring an additional 2,228 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Centuri by 51.4% during the 2nd quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock worth $1,065,000 after acquiring an additional 16,115 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on CTRI. Wells Fargo & Company reduced their target price on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group raised their price objective on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Cantor Fitzgerald decreased their price objective on Centuri from $46.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Robert W. Baird set a $33.00 price target on Centuri in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.40.

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.