Centuri Holdings Q3 revenue jumps 40%, beats estimates
CTRI•Centuri Holdings reported third-quarter revenue of $1.20 billion, up 40% year over year and above the $1.03 billion analyst estimate. Adjusted net income was $42.5 million and adjusted EBITDA was $108 million, both above estimates.
1. Quarterly results
Third-quarter adjusted net income more than doubled to $42.5 million, compared with an analyst estimate of $22.04 million. Adjusted EBITDA rose 44% year over year to $108 million, above the $91.42 million estimate. Centuri said revenue growth was driven by new bid work, new and renewed MSAs, and acquisitions in multiple segments.
2. Outlook and drivers
Centuri sees 2026 revenue of $3.8 billion to $3.9 billion and adjusted net income of $80 million to $90 million. For 2027, it targets mid-teens percentage revenue growth and an 8.5% to 9% gross profit margin. The company cited workforce additions, increased capacity, robust customer demand and commercial momentum across end markets.
