Record Q3 Revenue Up 40% to $1.2B, Gross Profit Jumps 45%
CTRI is trading near its 52-week low of $18.6 (10% above the low) on elevated volume (1.9× avg).
Summary
Centuri delivered record quarterly revenue of $1.15 billion, up 40% year-over-year, and record gross profit of $113.4 million, up 45%, with gross margin expanding to 9.5% from 9.2%. Net income jumped to $26.9 million from $2.1 million a year ago, and Adjusted EBITDA rose 44% to $108.0 million, with quarterly EPS of 27 cents. The margin story is the key: U.S. Gas gross margin reached 8.2% versus 4.2% in Q2, showing the first-half workforce build is converting into profitability. Backlog stands at roughly $6.2 billion with a $19 billion opportunity pipeline, up 46% year-over-year, and management guided full-year 2026 revenue to $3.8-$3.9 billion and Adjusted EBITDA to $290-$300 million. Initial 2027 targets call for mid-teens revenue growth and an 8.5%-9% gross margin, backed by about $3.7 billion of revenue coverage. The earnings call is today at 10:00 AM ET.
At the time of this announcement, CTRI was trading at $20.54 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $18.60 to $42.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.