NYSE:CTRIConstruction
Why Centuri Holdings (CTRI) Is Down 12.1% After Strong Q1 Revenue And Backlog Growth
In the first quarter of 2026, Centuri Holdings reported revenue of US$723.17 million, up from US$550.08 million a year earlier, while reducing its net loss to US$9.53 million from US$17.94 million.
Alongside this improvement, the company grew gross profit sharply, expanded its backlog to about US$6.50 billion, and reaffirmed its 2026 guidance while outlining multi-year growth targets.
With revenue rising strongly and the backlog reaching about US$6.50 billion, we’ll now examine how this...