Earnings Releases·Nov 5, 2026, 8:15 AM ET

Centuri Holdings, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached a record $1.2 billion (up 40% YoY), while net income surged 1,174% YoY to $26.9 million and adjusted net income rose 155% to $42.5 million; gross profit margin expanded to 9.5% from 9.2% in the prior year period.
Full-year 2026 guidance was raised to $3.8–$3.9 billion in revenue, $305–$315 million in adjusted gross profit, and $290–$300 million in adjusted EBITDA; preliminary 2027 targets project mid-teens revenue growth and a gross profit margin range of 8.5% to 9.0%.
The company secured $2 billion in MSA contract renewals expected by year-end 2026, with bookings totaling $730 million in Q3 and a record opportunity pipeline of $19 billion; Net Debt to Adjusted EBITDA improved to 2.6x from 3.8x.
Strategic acquisitions included a $52.989 million business purchase and a $2.0 million equity investment in the first nine months of 2026, while the company discontinued reporting of "Base" financial metrics in favor of adjusted measures excluding the non-recurring City of Chicago reversal.