Short answer
Centuri Holdings, Inc. (CTRI) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 28, 2025. Quarterly revenue was $850M (up 18.1% year over year) with net income of $2M.
Q3 2025 key financials · XBRL
- Revenue
- $850M
- +18.1% YoY · +17.4% QoQ
- Net income
- $2M
- +157.5% YoY · −73.9% QoQ
- Operating margin
- 4.3%
- Gross margin
- 9.2%
- EPS (diluted)
- $0.02
- +150.0% YoY · −77.8% QoQ
Source: XBRL data from the Centuri Holdings, Inc. (CTRI) Q3 2025 10-Q on SEC EDGAR. USD.
Centuri Holdings, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Loss of controlling interest post-Southwest Gas Holdings sell-down on August 11, 2025 leading to governance changes and end of “controlled company” status
- Updated operational risk: Significant decrease in Non-Union Electric margins to 7.1% from 16.6% due to absence of $34.7M storm restoration revenue and onboarding inefficiencies
- Regulatory risk: Monitoring potential impacts of tariffs on equipment prices and project scheduling, though no material effect expected currently
- Market risk: Demand influenced by seasonal weather variability and federal/state utility mandates requiring infrastructure replacement programs
- Financial risk: Interest expense rose by $2.3M due to $8.3M credit facility refinancing costs despite reduced variable-rate borrowing interest rates
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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