Centuri Posts Record $962M Revenue, Raises Full-Year Outlook
CTRI sits 46% above its 52-week low of $19.04.
Summary
Centuri delivered a blowout Q2 with revenue surging 33% to a record $962M, beating estimates on contract wins, driven by broad-based growth across all segments. Adjusted net income jumped 44% to $24.4M, and the company raised its full-year 2026 guidance, signaling confidence in sustained momentum. The JJ White acquisition closed, adding scale in union electrical and data center construction, while the opportunity pipeline swelled 23% to a record $16B. Management forecast H2 base gross margins of ~9.0%, up sharply, and noted a 1.3x book-to-bill ratio on $2.2B in year-to-date bookings. This follows a strong Q1 and positions Centuri for accelerating profitability as higher-margin work flows into the backlog.
At the time of this announcement, CTRI was trading at $27.85 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $19.04 to $42.99. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.