Q1 25 EPS
$-0.12
BEAT +18.97%
Est. $-0.15
Q1 25 Revenue
$550.1M
BEAT +2.31%
Est. $537.6M
vs S&P Since Q1 25
+28.9%
BEATING MARKET
CTRI +56.1% vs S&P +27.3%
Market Reaction
Did CTRI Beat Earnings? Q1 2025 Results
Centuri Holdings opened 2025 with a stronger-than-expected quarter, posting an adjusted loss of $0.12 per share against a consensus estimate of $0.15, a beat of roughly 18.97%, while revenue climbed 4.2% year-over-year to $550.08 million, topping ana… Read more Centuri Holdings opened 2025 with a stronger-than-expected quarter, posting an adjusted loss of $0.12 per share against a consensus estimate of $0.15, a beat of roughly 18.97%, while revenue climbed 4.2% year-over-year to $550.08 million, topping analyst forecasts of $537.64 million by 2.31%. The headline driver was a record commercial surge: the infrastructure services company booked more than $1.20 billion in new awards during the quarter, pushing backlog to $4.50 billion from $3.70 billion at year-end and producing a book-to-bill ratio of 2.2x, a figure that underscores the depth of demand across its Gas and Electric end markets. Non-Union Electric was the standout segment, with revenue jumping 41.9% year-over-year to $137.13 million on higher crew counts, partially offsetting a 12.7% decline in U.S. Gas revenue tied to winter weather disruptions and a $22.30 million drop in offshore wind work. Separately, a secondary share offering reduced parent Southwest Gas Holdings' overhang while strengthening Centuri's balance sheet. Management affirmed full-year 2025 guidance of $2.60 to $2.80 billion in revenue and $240 to $275 million in Adjusted EBITDA, supported by an opportunity pipeline approaching $12 billion.
Key Takeaways
- • Non-Union Electric revenue growth of 41.9% driven by higher crew counts and work hours
- • Union Electric core revenue grew by $39.8 million YoY due to increased bid project activity in industrial and electrical substation infrastructure
- • Record customer awards exceeding $1.2 billion in Q1 2025
- • Canadian Gas delivered solid margins exceeding expectations
- • Winter weather disruptions negatively impacted U.S. Gas business early in the quarter
- • Offshore wind revenue decline of $22.3 million year-over-year
- • Adjusted EBITDA margin expanded to 4.4% from 3.8% in Q1 2024
CTRI YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CTRI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our financial performance and commercial activity in the first quarter exceeded our expectations, driven by strong customer service delivery and new contract awards. These results reflect the hard work of our team to take action early in the year to focus on our growth priorities.”
— Christian Brown, Q1 2025 Earnings Press Release
CTRI Earnings Trends
CTRI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CTRI EPS Trend
Earnings per share: estimate vs actual
CTRI Revenue Trend
Quarterly revenue: estimate vs actual
CTRI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.07 | $-0.02 | +69.56% | $723.2M | +17.14% |
| Q4 25 MISS FY | $0.19 | $0.17 | -12.28% | $858.6M | +15.93% |
| FY Full Year | $0.45 | $0.43 | -3.72% | $2.98B | +4.12% |
| Q3 25 MISS | $0.29 | $0.19 | -35.18% | $850.0M | +12.07% |
| Q2 25 MISS | $0.24 | $0.19 | -21.39% | $724.1M | +3.09% |
| Q1 25 BEAT | $-0.15 | $-0.12 | +18.97% | $550.1M | +2.31% |