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Centuri Holdings

Centuri Holdings (CTRI) Q2 2025 Earnings

Reported Aug 6, 2025 at 8:08 AM ET · SEC Source

Q2 25 EPS

$0.19

MISS 21.39%

Est. $0.24

Q2 25 Revenue

$724.1M

BEAT +3.09%

Est. $702.4M

vs S&P Since Q2 25

+24.7%

BEATING MARKET

CTRI +42.8% vs S&P +18.1%

Market Reaction

Did CTRI Beat Earnings? Q2 2025 Results

Centuri Holdings delivered a split verdict in Q2 2025, growing revenue ahead of expectations while falling short on the bottom line. The utility infrastructure services company posted revenue of $724.05 million, up 7.7% year-over-year and ahead of th… Read more Centuri Holdings delivered a split verdict in Q2 2025, growing revenue ahead of expectations while falling short on the bottom line. The utility infrastructure services company posted revenue of $724.05 million, up 7.7% year-over-year and ahead of the $702.35 million consensus, fueled by electric segment strength, with Non-Union Electric revenue surging 51.1% and Union Electric climbing 26.4%. But profitability told a different story: adjusted diluted EPS came in at $0.19, missing the $0.24 consensus estimate by 21.39%, weighed down by higher SG&A expenses, increased income tax expense, and the absence of the elevated storm restoration activity that lifted year-ago results. The operational highlight was a record $1.80 billion in new contract awards during the quarter, pushing backlog to $5.30 billion and the first-half book-to-bill ratio to 2.3x. Management responded to that commercial momentum by raising its full-year 2025 revenue outlook to $2.70 billion to $2.85 billion and narrowing Adjusted EBITDA guidance to $250 million to $270 million, signaling confidence in the pipeline ahead.

Key Takeaways

  • • Strong Union Electric growth underpinned by robust bid project activity, particularly in industrial and electrical substation infrastructure
  • • Non-Union Electric growth driven by increasing crew counts and work hours under MSAs over several quarters
  • • Integrated commercial strategy driving record bookings of approximately $1.8 billion in Q2
  • • Proactive One Centuri sales approach maximizing revenue from existing customers and expanding into new opportunities
  • • Canadian Gas revenue growth of 18.1% year-over-year
  • • Improved profit across all four reportable segments
24/7 Wall St

CTRI YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

CTRI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Our second quarter performance reflected solid execution across all business segments, with particularly strong results in our electric operations, while we continued to see meaningful progress in our U.S. Gas segment through various initiatives aimed at enhancing overall margins.”

— Christian Brown, Q2 2025 Earnings Press Release

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