Centuri Announces $350 Million in New Awards Across the U.S.
The awards encompass new customer work, along with significant expansion of contracts previously awarded. The scopes include 1) a major water relocation project in the Midwest, 2) two distinct awards for an electric utility customer in the Northeast, 3) a significant program of work for one of the largest utilities in the Southwest focused on metro excavation, 4) core gas distribution services, and 5) an award for complex infrastructure installations as part of a major renewable natural gas (RNG) scope of work. Today's announcement complements the previously announced $400 million in master service agreement (MSA) renewals shared on April 24.
'Centuri is a critical partner in delivering safe, reliable, and sustainable infrastructure solutions across North America,' said Centuri President and CEO Christian Brown. 'We continue to see increasing demand for our service offerings as our utility and energy customers work to upgrade aging infrastructure and meet increasing power demands. On behalf of our 8,600+ employees, we are proud to play an important role in meeting infrastructure needs across a complex and dynamic energy landscape.'
Learn more about Centuri's capabilities at https://centuri.com.
About Centuri
Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as 'will,' 'predict,' 'continue,' 'forecast,' 'expect,' 'believe,' 'anticipate,' 'outlook,' 'could,' 'target,' 'project,' 'intend,' 'plan,' 'seek,' 'estimate,' 'should,' 'may' and 'assume,' as well as variations of such words and similar expressions referring to the future. Forward-looking statements could include (without limitation) statements regarding our confidence in our prospects to deliver value for our stockholders as an independent standalone company and our expectation to continue to build on our track record of delivering consistent growth by serving our customers across the utility value chain. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri's filings filed from time to time with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
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