Centuri Holdings, Inc. announced its financial and operating results for the third quarter ended September 29, 2024, on November 6, 2024. The company reported consolidated revenue of $720.053 million, a 7.1% decrease from $774.889 million in the prior year period.
Consolidated gross profit declined by 13.5% to $75.793 million, down from $87.613 million in the third quarter of 2023. Centuri reported a net loss of $3.7 million, resulting in a loss of $0.04 per share.
Despite the declines in revenue and gross profit, Centuri reiterated its outlook for full year 2024 financial performance, indicating confidence in its ability to meet previously set targets.
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