Centuri Holdings Q3 revenue jumps 40%, beats estimates
Overview
US utility infrastructure firm's Q3 revenue rose 40% yr/yr, beating analyst expectations
Adjusted net income for Q3 more than doubled, beating analyst expectations
Adjusted EBITDA for Q3 rose 44% yr/yr, beating analyst expectations
Outlook
Centuri sees 2026 revenue of $3.8 bln to $3.9 bln
Company expects 2026 adjusted net income of $80 mln to $90 mln
Centuri targets mid-teens percent revenue growth and 8.5% to 9% gross profit margin for 2027
Result Drivers
NEW CONTRACTS AND ACQUISITIONS - Co said revenue growth was driven by new bid work, new and renewed MSAs, and acquisitions in multiple segments
WORKFORCE EXPANSION - Co said workforce additions and increased capacity led to improved productivity and efficiency, per CEO Christian Brown
STRONG END-MARKET DEMAND - Co cited robust customer demand and commercial momentum across end markets
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.20 bln | $1.03 bln (8 Analysts) |
Q3 Adjusted Net Income | Beat | $42.50 mln | $22.04 mln (8 Analysts) |
Q3 Adjusted EBITDA | Beat | $108 mln | $91.42 mln (8 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Centuri Holdings Inc is $28.00, about 36.3% above its November 4 closing price of $20.54
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 32 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)