Centuri posted record Q4 FY2025 revenue of USD 858.6 million, up 20.0%, with gross profit of USD 80.5 million (+13.2%). Q4 net income was USD 30.4 million, while adjusted net income was USD 15.9 million and adjusted EBITDA was USD 77.7 million. Cash flow from operations totaled USD 83.9 million and free cash flow was USD 105.7 million. Q4 bookings were USD 814 million, comprising 93% new awards and 7% master service agreement $(MSA)$ renewals. For FY2025, Centuri reported record annual revenue of USD 2.983 billion (+13.0%) and gross profit of USD 247 million (+12.0%), with net income of USD 22.7 million, adjusted net income of USD 39.0 million and adjusted EBITDA of USD 249.0 million. Annual bookings were USD 4.5 billion (55% new awards, 45% MSA renewals), backlog rose to USD 5.9 billion (+59.0%), and the opportunity pipeline was USD 13 billion. The company said it completed its full separation from its former parent and reduced net debt to adjusted EBITDA to 2.5x at year-end from 3.6x, supported by USD 250.9 million of net proceeds raised in Q4; Centuri also acquired Connect Atlantic Utility Services for USD 58 million, adding electric services to its Canadian operations. Q4 results included an income tax benefit of USD 23.7 million related to deferred tax asset allocations from its former parent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Centuri Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260225110463) on February 25, 2026, and is solely responsible for the information contained therein.