Centuri Holdings, Inc. — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Centuri reported Q2 2026 revenue of $962.0M (33% YoY growth) with Base Gross Profit of $75.7M (21% YoY increase). The company completed the $62M acquisition of JJ White Inc. on July 20, 2026, adding ~1,000 employees, $315M backlog, and expected >$20M annual gross profit contribution. Full-year 2026 guidance raised: Base Revenue $3.5–$3.7B, Base Gross Profit $270–$290M, Adjusted EBITDA $285–$310M. Net Debt/Adjusted EBITDA improved to 2.6x from 3.7x YoY. A $9M Chicago reversal and $6M fuel headwind partially offset strong operational performance.
Why this rating
Strong organic growth (33% revenue, 21% gross profit) + meaningful acquisition ($62M ≈ 6.8% of $911.5M market cap) + raised guidance + improved leverage = significant but not transformational. Operational momentum real but execution risks remain.
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