Centuri

Centuri reported record Q2 2026 revenue of $962m (+33% y/y), but adjusted EPS was $0.24, well below consensus of $0.45. Adjusted net income rose 44% to $24.4m, while adjusted EBITDA and EBIT increased slightly. The stock fell about 12.4% in premarket trading after the earnings miss. The company confirmed full-year revenue of $3.5–3.7bn (base) or $3.59–3.79bn in total, expects adjusted EBITDA of $285–310m, and sees improved free cash flow potential for 2026. » Plus sur de.investing.com

At Centuri Holdings’ annual general meeting, shareholders approved all presented resolutions, including the election of all nominated directors and a non-binding advisory vote on executive compensation. The employee stock purchase plan and the reappointment of PricewaterhouseCoopers as auditor were also approved. Holders of 89,191,565 common shares were represented at the meeting. The stock has gained 62% over the past year and is trading at $30.20, while first-quarter 2026 reported EPS was -$0.09, missing expectations despite revenue growth; one analysis currently views the stock as trading above its fair value. » Plus sur de.investing.com

Centuri unveiled a strategic growth program aiming for 10–15% annual organic revenue growth and a gross margin expansion of 70–170 basis points by 2029. At the same time, the company reported a Q1 loss of $0.09 per share, although revenue rose 31% to $723 million and adjusted EBITDA increased 35%; the stock fell about 19.6% after hours. Management also targets a marked improvement in free‑cash‑flow conversion and a reduction in net debt, but risks remain including seasonality, integration and labor‑market issues, and high leverage. » Plus sur de.investing.com