Centuri Holdings

CTRI

Market cap $2.55B

California-based Tensile Capital Management disclosed a new position in the third quarter, acquiring 812,088 shares of Centuri in a position valued at approximately $17.2 million. The moe marked a new position for the fund, which reported holding no shares of Centuri in the previous period.

NEW YORK , Nov. 20, 2025 /PRNewswire/ -- Pilot Wave Holdings Management, LLC ("Pilot Wave") today announced the sale of its portfolio company, Connect Atlantic Utility Services ("CAUS" or "Connect Atlantic"), to Centuri Holdings, Inc. ("Centuri"), a leading North American utility-infrastructure services provider. Pilot Wave acquired Connect Atlantic with the goal of strengthening operations, accelerating growth, and positioning the business for long-term scale in electric transmission, distribution, and storm-restoration markets across Atlantic Canada and into the United States.

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”) today announced that it has completed the acquisition of Connect Atlantic Utility Services Corporation (CAUS), Atlantic Canada's leading electric utility services provider. The acquisition establishes Centuri as a dual electric and gas services provider in Canada, complementing the gas distribution services provided through its current Canadian subsidiary, while simultaneously expanding its geographic foo.

In the past week or so, beneficial owners Carl Icahn made a big bet on Centuri Holdings Inc.

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”) today announced the pricing of an underwritten public offering of 7,441,860 shares of Centuri's common stock (the “Offering”). Centuri has also granted the underwriters a 30-day option to purchase up to an additional 1,116,279 shares of Centuri's common stock. The Offering is expected to close on November 14, 2025, subject to customary closing conditions. Gross proceeds from the Offering are expected to b.

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”) today announced the commencement of an underwritten public offering of $160,000,000 of shares of Centuri's common stock (the “Offering”). Centuri also expects to grant the underwriters a 30-day option to purchase up to an additional $24,000,000 of shares of Centuri's common stock. In addition to the shares of Centuri's common stock sold in the Offering, Centuri announced that Icahn Partners LP and Icahn P.

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the "Company"), a leading, North American utility infrastructure services company, today announced that it has appointed Dustin DeMaria, a Senior Analyst at Icahn Enterprises L.P. and Icahn Capital LP (collectively with certain affiliates thereof, “IEP”), to the Centuri Board of Directors, effective immediately, pursuant to a Director Appointment and Nomination Agreement with IEP. Mr. DeMaria joins as an independent dir.

Centuri Holdings, Inc. ( CTRI ) Q3 2025 Earnings Call November 5, 2025 10:00 AM EST Company Participants Christian Brown - President, CEO & Director Greg Izenstark - Executive VP & CFO Conference Call Participants Justin Hauke - Robert W. Baird & Co. Incorporated, Research Division Sangita Jain - KeyBanc Capital Markets Inc., Research Division Joseph O'Dea - Wells Fargo Securities, LLC, Research Division Steven Fisher - UBS Investment Bank, Research Division Presentation Operator Greetings, and welcome to Centuri's Third Quarter 2025 Earnings Call.

Centuri Holdings (CTRI) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.06 per share a year ago.

PHOENIX--(BUSINESS WIRE)---- $CTRI--Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri" or the "Company") today announced financial and operating results for the third quarter, ended September 28, 2025, and updated its full year 2025 outlook. Third Quarter 2025 Financial and Other Business Highlights Achieved company record quarterly revenue of $850.0 million, an 18.1% increase versus $720.1 million in the third quarter of 2024 Gross Profit for the third quarter was $78.0 million, a 2.9% increase versus the s.