Latest news with #CTRI
Yahoo
2 days ago
- Business
- Yahoo
Centuri Holdings (CTRI) Surged This Week. Here is Why.
The share price of Centuri Holdings, Inc. (NYSE:CTRI) surged by 9.74% between May 29 and June 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. A close-up of an electrical power line with a bright blue sky in the background, highlighting the company's selection of electricity and natural gas services. Centuri Holdings, Inc. (NYSE:CTRI) 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. Centuri Holdings, Inc. (NYSE:CTRI) continues to surge after the company announced $350 million in new customer awards in late May, reflecting strong demand for the company's infrastructure solutions across North America. The awards span the United States and include work supporting electric and gas infrastructure modernization, water relocation, utility distribution, and renewables. This comes after Centuri Holdings had already announced nearly $490 million in multi-year customer awards earlier this year. The share price of Centuri Holdings, Inc. (NYSE:CTRI) has gained almost 23% over the last month. While we acknowledge the potential of CTRI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Centuri Holdings (CTRI) Surged This Week. Here is Why.
The share price of Centuri Holdings, Inc. (NYSE:CTRI) surged by 9.74% between May 29 and June 5, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let's shed some light on the development. A close-up of an electrical power line with a bright blue sky in the background, highlighting the company's selection of electricity and natural gas services. Centuri Holdings, Inc. (NYSE:CTRI) 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. Centuri Holdings, Inc. (NYSE:CTRI) continues to surge after the company announced $350 million in new customer awards in late May, reflecting strong demand for the company's infrastructure solutions across North America. The awards span the United States and include work supporting electric and gas infrastructure modernization, water relocation, utility distribution, and renewables. This comes after Centuri Holdings had already announced nearly $490 million in multi-year customer awards earlier this year. The share price of Centuri Holdings, Inc. (NYSE:CTRI) has gained almost 23% over the last month. While we acknowledge the potential of CTRI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
28-05-2025
- Business
- Yahoo
Centuri announces $350M in new awards across the U.S.
Centuri (CTRI) announced $350M in new customer awards across the U.S. The company stated the awards reflect strong demand for its infrastructure solutions and span electric and gas infrastructure modernization, water relocation, utility distribution, and renewables. The awards include new customer work and significant expansion of previously awarded contracts. This follows a previous announcement of $400M in master service agreement renewals. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on CTRI: Disclaimer & DisclosureReport an Issue BofA upgrade Southwest Gas to Neutral, says Centuri transaction removes overhang Centuri Holdings Underwriting Agreement with J.P. Morgan Centuri 9M share Spot Secondary priced at $17.50 Closing Bell Movers: Futures slip amid Middle East conflict risk Centuri 9M share Spot Secondary; price range $17.25-$18.25 Sign in to access your portfolio
Business Upturn
26-05-2025
- Business
- Business Upturn
Lupin to present Phase 1 data on LNP7457 cancer drug at ASCO 2025
By News Desk Published on May 26, 2025, 21:24 IST Global pharmaceutical major Lupin Limited will present the Phase 1a clinical trial data of its experimental oncology drug LNP7457, a PRMT5 inhibitor, at the American Society of Clinical Oncology (ASCO) Annual Meeting 2025 to be held in Chicago, Illinois from May 30 to June 3, 2025. The presentation titled 'A phase 1 dose escalation study of LNP7457 (PRMT5 inhibitor) in patients with advanced or metastatic solid tumors' will be showcased during the Developmental Therapeutics—Molecularly Targeted Agents and Tumor Biology session at Poster Board #422 on June 2, 2025, from 1:30 PM to 4:30 PM CDT. Key clinical findings LNP7457 was found to be generally safe and well-tolerated in patients with advanced or metastatic solid tumors. It showed a favorable pharmacokinetic and pharmacodynamic (PK/PD) profile , with no food-related effects on pharmacokinetics. The maximum tolerated dose was identified and will inform the recommended Phase 2 dosage, based on safety, efficacy, and existing preclinical data. Vinita Gupta, CEO of Lupin, commented: 'We are delighted to share the initial results from Phase I study of our PRMT5 Inhibitor, a novel epigenetic onco-therapeutic targeted for monotherapy. We are committed to innovation and advancing cutting-edge science to offer meaningful therapeutic options for patients with difficult-to-treat cancers.' Next steps in development Lupin indicated that LNP7457 is unique within its class as a SAM-competitive PRMT5 inhibitor, and continues to demonstrate promising safety and tolerability. The company plans to advance the molecule into Phase 1b trials in India, aiming to explore its efficacy in treating cancers with significant unmet medical needs. The trial is registered under CTRI/2023/07/054753, and the presentation can be accessed online via the ASCO Abstract link. Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or drug recommendations. All data regarding clinical trials and pharmaceuticals should be evaluated by medical professionals and regulators. News desk at
Yahoo
13-05-2025
- Business
- Yahoo
Centuri Holdings Inc (CTRI) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Revenue: $550.1 million, a 4.2% increase from Q1 2024. Gross Profit: $20.3 million, a 53.1% increase over the prior year period. Gross Profit Margin: 3.7%, up from 2.5% in Q1 2024. Net Loss: $17.9 million, improved from a net loss of $25.1 million in Q1 2024. Adjusted EBITDA: $24.2 million, approximately 20% higher than the prior year quarter. Adjusted EBITDA Margin: 4.4%, up from 3.8% in Q1 2024. US Gas Segment Revenue: $197.7 million, a decrease of 12.7% year-over-year. Canadian Gas Segment Revenue: $39.8 million, down 2.9% from the prior year period. Union Electric Segment Revenue: $175.5 million, a 7.1% increase year-over-year. Non-Union Electric Segment Revenue: $137.1 million, a 41.9% increase year-over-year. Net CapEx: $23.2 million, down from $24.6 million in the prior year period. Free Cash Flow Improvement: $44.6 million compared to Q1 2024. Net Debt to Adjusted EBITDA Ratio: Improved to 3.5 times from 3.6 times at the end of 2024. Cash and Cash Equivalents: $15.3 million at the end of the quarter. 2025 Revenue Outlook: Expected between $2.6 billion and $2.8 billion. 2025 Adjusted EBITDA Outlook: Between $240 million and $275 million. 2025 CapEx Forecast: Net spend between $65 million and $80 million. Warning! GuruFocus has detected 6 Warning Signs with MAC. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Centuri Holdings Inc (NYSE:CTRI) experienced strong commercial momentum in Q1 2025, exceeding expectations. The company achieved a record booking quarter with new bookings totaling $1.2 billion, significantly increasing the backlog to $4.5 billion. The non-union electric segment showed a 41.9% increase in revenue year-over-year, with improved gross profit margins. Centuri Holdings Inc (NYSE:CTRI) is actively expanding its sales pipeline, now approaching $12 billion in revenue opportunities. The company maintains a positive outlook for 2025, expecting to deliver revenue at the upper end of the guidance range. The US gas segment faced a 12.7% year-over-year decrease in revenue due to adverse weather conditions. Gross profit margin in the US gas segment decreased to negative 7.5% in Q1 2025, impacted by weather disruptions. The company reported a net loss attributable to common stock of $17.9 million in Q1 2025. Offshore wind revenues in the Union Electric segment were down 64.1% as project work winds down. The company experienced a delay in the timing of its earnings announcement due to issues in finalizing financial statements. Q: Can you discuss the trajectory for 2025 and how you plan to reach the upper end of the revenue guidance despite a weaker Q1 in the US gas segment? A: Christian Brown, President and CEO, explained that the weather affected the gas business in January and February, but it bounced back in March and April. The company has work under contract and backlog pushing towards the upper end of guidance. All operating companies are on track to meet budget expectations, and the gas business is expected to recover fully. Q: What were the key findings from the strategic review, and what was most valuable from the process? A: Christian Brown highlighted four components: integrating a live sales pipeline across all operating companies, maximizing cross-selling opportunities, instilling a culture focused on identifying more work, and aligning KPIs with growth and profitability targets. Q: Regarding the US gas segment, is it a business that should generate a profit in Q1, and are there structural changes needed to achieve that? A: Christian Brown noted that weather impacts are unavoidable, but the company is working to build a pipeline of opportunities in states less affected by weather to become profitable earlier in the year. Greg Izenstark, CFO, added that Q1 is seasonally slow for the gas business, but they remain confident in full-year performance. Q: With a strong Q1 booking, should we expect lighter quarters ahead, and what is the visibility on bookings? A: Christian Brown stated that Q2 bookings remain strong, and the company is confident in achieving or exceeding the 1.1 times book-to-bill target for the year. While Q3 may be quieter, Q2 and Q4 are expected to be solid in bookings. Q: Can you clarify if the guidance includes the upper end of adjusted EBITDA, and how should we think about seasonality? A: Christian Brown confirmed that the bookings and backlog are pushing towards the upper end of revenue guidance, close to $2.8 billion. There is no expected margin erosion, and all businesses are showing strong performance for the rest of the year, with no further seasonality anticipated. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
