Filing Flows › Centuri Holdings (CTRI) › Q1 2025
Centuri Holdings (CTRI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Centuri Holdings (CTRI) reported revenue of $550M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -23% from the quarter before. Operating margin was -2.3%, net loss $17.9M (3.3% of revenue).
Centuri Holdings, Q1 2025: revenue $550M (+4% year over year), operating margin -2.3%, net loss $17.9M, operating cash flow $16.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $550M | -23% | +4% |
| Operating profit | −$12.7M | — | — |
| Net earnings | −$17.9M | — | — |
| Operating cash flow | $16.7M | -73% | — |
What changed
Revenue was $550.1M in Q1 2025, up 4% year over year and down 23% from the previous quarter. U.S. Gas was the largest line at 36% of revenue. Non-Union Electric added $40.5M year over year (up 42%), 184% of the total change. U.S. Gas declined 13%.
Gross margin was 3.7%, up 1.2 points from a year earlier. Operating costs exceeded revenue by $12.7M, an operating margin of -2.3%. Operating expenses fell 6% while revenue rose 4%. The quarter ended with a net loss of $17.9M, after a profit of $10.3M the previous quarter. Net interest and other expense of $18.3M was the main reason.
Operating cash flow was $16.7M. Non-cash charges added back $34.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $24.4M exceeded it, leaving free cash flow of −$7.7M.
Questions
What was Centuri Holdings' revenue in the first quarter 2025?
Centuri Holdings (CTRI) reported revenue of $550M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -23% from the quarter before.
Was Centuri Holdings profitable in the first quarter 2025?
Operating loss was $12.7M (-2.3% of revenue) and net loss $17.9M.
Source: Centuri Holdings 10-Q on SEC EDGAR.