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Yahoo
24-05-2025
- Business
- Yahoo
Wages Are A Big Hurdle To Restoring U.S. Manufacturing. But It's Not What You Think
Oddly, wages are both too low and too high, posing an obstacle to reviving manufacturing jobs. U.S. manufacturing workers are paid well compared to those in other countries, meaning companies have to build more automated, more expensive plants to remain competitive if they set up shop in the U.S. At the same time, wages in manufacturing are low compared to other industries, so employers struggle to attract workers. Manufacturers would have to find 22 million new workers to restore manufacturing to its peak, when 22% of all jobs were in manufacturing, but there are only 7.2 million unemployed workers in the of President Donald Trump's major goals for imposing tariffs on U.S. trading partners is to encourage countries to build factories and create jobs here. But labor costs pose a double-barreled threat to that restoring manufacturing means bringing employment to its 1979 peak, numerous obstacles stand in the way, economists at Wells Fargo Securities found in an analysis published few people are ready to take a spot on the assembly line. With a fairly low unemployment rate of 4.2%, there were 7.2 million unemployed workers as of April, according to the Bureau of Labor Statistics. Restoring industry to 1970s levels, where 22% of jobs were in manufacturing, would require 22 million additional manufacturing workers, assuming people didn't leave other sectors of the of the biggest obstacles to finding those 22 million workers is labor costs, which paradoxically are both too high and too low. Wages in the U.S are higher than elsewhere in the world, especially in developing countries where manufacturing was offshored. American workers are paid 16 times as much as their Vietnamese counterparts on average, 11 times as much as their Mexican counterparts, and 7 times as much as those in China, Wells Fargo economists found. That means manufacturers setting up shop in the U.S. must invest more heavily in automation (think robots, machinery, etc.) to compete, meaning fewer jobs per factory and greater expense for companies. Restoring the 6.7 million manufacturing jobs lost since 1979 would require an investment of around $3 trillion, Wells Fargo means the U.S. is a better place for making more sophisticated products rather than simpler ones like toys and furniture, Farouk Contractor, a professor of economics at Rutgers, told Investopedia in April. "High-value stuff can come back to the U.S., partially because the value is not in labor, but in thought," Contractor said. "So if you have a highly automated, highly sophisticated item like computer chips, it doesn't matter if labor cost jump from $6 to $36 an hour, because the labor content is low, and the main value and the price of the item is in thought, rather than in manual labor." High wages are one reason that not everything can be made as efficiently in the United States as it can abroad. Entrepreneur Ramon Van Meer, CEO of showerhead company Afina, recently ran an experiment highlighting the difference and tested whether customers would pay a premium for the Made-In-The-USA this year, Afina offered its customers two different versions of its showerhead. One was made by its current supplier, who manufactures in China and Vietnam, and sells for $129. Then, they listed another model made in America at the cheapest price they could sell it, which turned out to be $239. Out of 584 sales, not a single person bought the American version. At the same time, manufacturing wages are too low relative to other U.S. jobs to attract recruits. Workers in the manufacturing sector earn less than 90 cents on the dollar compared to all other private employers, Wells Fargo said, citing data from the Bureau of Labor Statistics. That means manufacturers struggle to attract employees, according to several surveys of industry leaders, as well as jobs data from the BLS. Manufacturers face a persistent labor shortage, as many workers prefer to work in other industries if they can, according to a 2024 report by consultant Deloitte and the Manufacturing Institute trade group. For example, manufacturers compete with construction firms for welders, electricians, and other trades. Any manufacturing jobs that do return to the U.S. will likely be very different from the ones that were lost during the offshoring trend in the 80s and 90s, requiring more high-tech skills. Workers who have skills based in computer science, information technology, leadership, and interpersonal skills will be more in demand over the next decade than those who have more traditional manufacturing skills such as fine motor skills and mechanical knowledge, Wells Fargo said, citing Bureau of Labor Statistics survey data. Read the original article on Investopedia 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
22-05-2025
- Business
- Yahoo
Southwest Gas Holdings Announces Closing of Secondary Public Offering of Centuri Holdings, Inc. Common Stock
LAS VEGAS, May 22, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced the closing of its underwritten secondary public offering of Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri") common stock (the "Offering"). Southwest Gas Holdings, as the selling stockholder, sold 10,350,000 existing shares of Centuri's common stock at a public offering price of $17.50 per share (the "Offering Price"), including the underwriters' full exercise of their option to purchase 1,350,000 shares to cover over-allotments. As previously announced, in addition to the shares of Centuri's common stock sold in the Offering, Icahn Partners LP and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn, purchased an aggregate of 2,857,142 shares of Centuri's common stock in a concurrent private placement at a price per share equal to the Offering Price. The sale of these shares was not registered under the Securities Act of 1933, as amended (the "Securities Act"). Southwest Gas Holdings received net proceeds of approximately $175 million from the Offering, after deducting the Underwriters' discounts and commissions, and net proceeds of approximately $50 million from the concurrent private placement. Southwest Gas Holdings intends to use the proceeds from the Offering and the concurrent private placement for the repayment of outstanding indebtedness. Following the completion of the Offering and the concurrent private placement, Southwest Gas Holdings continues to own approximately 65.9% of Centuri's outstanding common stock. J.P. Morgan, UBS Investment Bank and Wells Fargo Securities acted as joint lead book-running managers for the Offering. BofA Securities and Moelis & Company acted as book-running managers for the Offering. Baird, KeyBanc Capital Markets, Siebert Williams Shank, MUFG, BTIG, Penserra Securities LLC and Ramirez & Co., Inc. acted as co-managers for the Offering. The Offering was made only by means of a prospectus supplement and accompanying prospectus. An effective shelf registration statement (including a base prospectus) relating to the Offering was filed by Centuri with the U.S. Securities and Exchange Commission (the "SEC"). Copies of the registration statement and prospectus supplement relating to the Offering may be obtained from the SEC at and by request from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@ and postsalemanualrequests@ UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at ol-prospectus-request@ or Wells Fargo Securities, LLC, Attention: Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. About Southwest Gas Holdings Southwest Gas Holdings, Inc., through its primary operating subsidiary Southwest Gas Corporation, engages in the business of purchasing, distributing, and transporting natural gas. Southwest Gas Corporation is a dynamic energy company committed to exceeding the expectations of over 2 million customers throughout Arizona, Nevada, and California by providing safe and reliable service while innovating sustainable energy solutions to fuel the growth in its communities. In addition, Southwest Gas Holdings, Inc. is the majority owner of Centuri Holdings, Inc., which provides comprehensive utility infrastructure services across North America. 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 contains 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. Such statements include, without limitation, statements regarding Southwest Gas Holdings' expectations or intentions regarding the future. 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, and include (without limitation) statements regarding expectations with respect to the use of proceeds from the Offering and the concurrent private placement. A number of important factors affecting the business and financial results of Southwest Gas Holdings and/or Centuri could cause actual results to differ materially from those stated in the forward-looking statements. These factors include, but are not limited to, the timing of a separation of our remaining interests in Centuri, the timing and impact of executing (or not executing) such transaction alternatives, the timing and amount of rate relief, changes in rate design, customer growth rates, the effects of regulation/deregulation, tax reform and similar changes and related regulatory decisions, the impacts of construction activity at Centuri, the potential for, and the impact of, a credit rating downgrade, the costs to integrate new businesses, future earnings trends, inflation, sufficiency of labor markets and similar resources, seasonal patterns, current and future litigation, and the impacts of stock market volatility. Factors that could cause actual results to differ also include (without limitation) those discussed in Southwest Gas Holdings' and Centuri's respective periodic reports filed from time to time with the SEC, including Southwest Gas Holdings' and Centuri's most recent Annual Reports on Form 10-K under the heading "Risk Factors" and "Quantitative and Qualitative Disclosure about Market Risk," as well as the prospectus supplement relating to the Offering filed 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 Southwest Gas Holdings and/or Centuri on their websites or otherwise. Southwest Gas Holdings 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. View original content to download multimedia: SOURCE Southwest Gas Holdings, Inc. 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Yahoo
22-05-2025
- Business
- Yahoo
Southwest Gas Holdings Announces Closing of Secondary Public Offering of Centuri Holdings, Inc. Common Stock
LAS VEGAS, May 22, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced the closing of its underwritten secondary public offering of Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri") common stock (the "Offering"). Southwest Gas Holdings, as the selling stockholder, sold 10,350,000 existing shares of Centuri's common stock at a public offering price of $17.50 per share (the "Offering Price"), including the underwriters' full exercise of their option to purchase 1,350,000 shares to cover over-allotments. As previously announced, in addition to the shares of Centuri's common stock sold in the Offering, Icahn Partners LP and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn, purchased an aggregate of 2,857,142 shares of Centuri's common stock in a concurrent private placement at a price per share equal to the Offering Price. The sale of these shares was not registered under the Securities Act of 1933, as amended (the "Securities Act"). Southwest Gas Holdings received net proceeds of approximately $175 million from the Offering, after deducting the Underwriters' discounts and commissions, and net proceeds of approximately $50 million from the concurrent private placement. Southwest Gas Holdings intends to use the proceeds from the Offering and the concurrent private placement for the repayment of outstanding indebtedness. Following the completion of the Offering and the concurrent private placement, Southwest Gas Holdings continues to own approximately 65.9% of Centuri's outstanding common stock. J.P. Morgan, UBS Investment Bank and Wells Fargo Securities acted as joint lead book-running managers for the Offering. BofA Securities and Moelis & Company acted as book-running managers for the Offering. Baird, KeyBanc Capital Markets, Siebert Williams Shank, MUFG, BTIG, Penserra Securities LLC and Ramirez & Co., Inc. acted as co-managers for the Offering. The Offering was made only by means of a prospectus supplement and accompanying prospectus. An effective shelf registration statement (including a base prospectus) relating to the Offering was filed by Centuri with the U.S. Securities and Exchange Commission (the "SEC"). Copies of the registration statement and prospectus supplement relating to the Offering may be obtained from the SEC at and by request from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@ and postsalemanualrequests@ UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at ol-prospectus-request@ or Wells Fargo Securities, LLC, Attention: Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. About Southwest Gas Holdings Southwest Gas Holdings, Inc., through its primary operating subsidiary Southwest Gas Corporation, engages in the business of purchasing, distributing, and transporting natural gas. Southwest Gas Corporation is a dynamic energy company committed to exceeding the expectations of over 2 million customers throughout Arizona, Nevada, and California by providing safe and reliable service while innovating sustainable energy solutions to fuel the growth in its communities. In addition, Southwest Gas Holdings, Inc. is the majority owner of Centuri Holdings, Inc., which provides comprehensive utility infrastructure services across North America. 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 contains 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. Such statements include, without limitation, statements regarding Southwest Gas Holdings' expectations or intentions regarding the future. 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, and include (without limitation) statements regarding expectations with respect to the use of proceeds from the Offering and the concurrent private placement. A number of important factors affecting the business and financial results of Southwest Gas Holdings and/or Centuri could cause actual results to differ materially from those stated in the forward-looking statements. These factors include, but are not limited to, the timing of a separation of our remaining interests in Centuri, the timing and impact of executing (or not executing) such transaction alternatives, the timing and amount of rate relief, changes in rate design, customer growth rates, the effects of regulation/deregulation, tax reform and similar changes and related regulatory decisions, the impacts of construction activity at Centuri, the potential for, and the impact of, a credit rating downgrade, the costs to integrate new businesses, future earnings trends, inflation, sufficiency of labor markets and similar resources, seasonal patterns, current and future litigation, and the impacts of stock market volatility. Factors that could cause actual results to differ also include (without limitation) those discussed in Southwest Gas Holdings' and Centuri's respective periodic reports filed from time to time with the SEC, including Southwest Gas Holdings' and Centuri's most recent Annual Reports on Form 10-K under the heading "Risk Factors" and "Quantitative and Qualitative Disclosure about Market Risk," as well as the prospectus supplement relating to the Offering filed 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 Southwest Gas Holdings and/or Centuri on their websites or otherwise. Southwest Gas Holdings 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. View original content to download multimedia: SOURCE Southwest Gas Holdings, Inc. 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Yahoo
21-05-2025
- Business
- Yahoo
Centuri Announces Pricing of Secondary Public Offering of Common Stock
PHOENIX, May 21, 2025--(BUSINESS WIRE)--Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri" or the "Company") today announced the pricing of a previously announced underwritten secondary public offering of 9,000,000 shares of Centuri's common stock by Southwest Gas Holdings, Inc. ("Southwest Gas") as selling stockholder (the "Offering"). Southwest Gas has also granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of Centuri's common stock. The Offering is expected to close on May 22, 2025, subject to customary closing conditions. In addition to the shares of Centuri's common stock sold in the Offering, Southwest Gas previously announced that Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn, will purchase an aggregate of $50 million in shares of Centuri's common stock from Southwest Gas in a concurrent private placement at a price per share equal to the Offering price per share. The concurrent private placement is expected to close immediately following the closing of the Offering and is subject to the satisfaction or waiver of customary closing conditions, including the completion of the Offering. The sale of these shares will not be registered under the Securities Act of 1933, as amended (the "Securities Act"). The closing of the Offering is not conditioned upon the closing of the concurrent private placement. Centuri is not selling any shares of common stock in the Offering or the concurrent private placement and will not receive any proceeds from the sale of the shares being offered by Southwest Gas. J.P. Morgan, UBS Investment Bank and Wells Fargo Securities are acting as joint lead book-running managers for the Offering. BofA Securities and Moelis & Company are acting as book-running managers for the Offering. Baird, KeyBanc Capital Markets, Seibert Williams Shank, MUFG, BTIG, Penserra Securities LLC and Ramirez & Co., Inc. are acting as co-managers for the Offering. A registration statement on Form S-3 relating to the securities being sold in the Offering has been filed with and declared effective by the U.S. Securities and Exchange Commission (the "SEC") and is available on the SEC's website at The Offering will be made only by means of a prospectus supplement and accompanying prospectus that forms a part of the registration statement, copies of which may be obtained, when available, by request from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@ and postsalemanualrequests@ UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at ol-prospectus-request@ or Wells Fargo Securities, LLC, Attention: Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. 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 contains 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. The specific forward-looking statements made herein include (without limitation) statements regarding expectations with respect to the closing of the Offering and the concurrent private placement and whether the underwriters will exercise their option to purchase additional shares. 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 periodic reports filed from time to time with the SEC, as well as the prospectus supplement relating to the Offering filed 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. View source version on Contacts For Centuri investors, contact:(623) 879-3700Investors@ For Centuri media information, contact:Jennifer Russo(602) 781-6958JRusso@ Sign in to access your portfolio
Business Wire
21-05-2025
- Business
- Business Wire
Centuri Announces Pricing of Secondary Public Offering of Common Stock
PHOENIX--(BUSINESS WIRE)--Centuri Holdings, Inc. (NYSE: CTRI) ('Centuri' or the 'Company') today announced the pricing of a previously announced underwritten secondary public offering of 9,000,000 shares of Centuri's common stock by Southwest Gas Holdings, Inc. ('Southwest Gas') as selling stockholder (the 'Offering'). Southwest Gas has also granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of Centuri's common stock. The Offering is expected to close on May 22, 2025, subject to customary closing conditions. In addition to the shares of Centuri's common stock sold in the Offering, Southwest Gas previously announced that Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with Carl C. Icahn, will purchase an aggregate of $50 million in shares of Centuri's common stock from Southwest Gas in a concurrent private placement at a price per share equal to the Offering price per share. The concurrent private placement is expected to close immediately following the closing of the Offering and is subject to the satisfaction or waiver of customary closing conditions, including the completion of the Offering. The sale of these shares will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'). The closing of the Offering is not conditioned upon the closing of the concurrent private placement. Centuri is not selling any shares of common stock in the Offering or the concurrent private placement and will not receive any proceeds from the sale of the shares being offered by Southwest Gas. J.P. Morgan, UBS Investment Bank and Wells Fargo Securities are acting as joint lead book-running managers for the Offering. BofA Securities and Moelis & Company are acting as book-running managers for the Offering. Baird, KeyBanc Capital Markets, Seibert Williams Shank, MUFG, BTIG, Penserra Securities LLC and Ramirez & Co., Inc. are acting as co-managers for the Offering. A registration statement on Form S-3 relating to the securities being sold in the Offering has been filed with and declared effective by the U.S. Securities and Exchange Commission (the 'SEC') and is available on the SEC's website at The Offering will be made only by means of a prospectus supplement and accompanying prospectus that forms a part of the registration statement, copies of which may be obtained, when available, by request from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@ and postsalemanualrequests@ UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, or by email at ol-prospectus-request@ or Wells Fargo Securities, LLC, Attention: Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. 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 contains 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. The specific forward-looking statements made herein include (without limitation) statements regarding expectations with respect to the closing of the Offering and the concurrent private placement and whether the underwriters will exercise their option to purchase additional shares. 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 periodic reports filed from time to time with the SEC, as well as the prospectus supplement relating to the Offering filed 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.
