Latest news with #utilityinfrastructure
Yahoo
30-07-2025
- Business
- Yahoo
Centuri Holdings, Inc. to Report Second Quarter 2025 Results on August 6th, 2025
PHOENIX, July 30, 2025--(BUSINESS WIRE)--Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri" or the "Company"), a leading, North American utility infrastructure services company, today announced that it will report 2025 second quarter financial results on Wednesday, August 6th, 2025. The Company will host an earnings conference call that morning at 10:00 AM ET / 7:00 AM PT to discuss the financial results and business highlights. Speakers on the call will include Christian Brown, President & Chief Executive Officer, and Gregory Izenstark, Chief Financial Officer. The conference call will be webcast live on the Company's investor relations (IR) website at Date: Wednesday, August 6th, 2025 Time: 10:00 AM ET / 7:00 AM PT Telephone number: (800) 549 8228 The earnings call will also be archived on Centuri's IR website. Alternatively, a replay of the call will be available by dialing (888) 660-6264 and entering passcode 29657 #. The replay dial-in feature will be made available approximately one hour after the call's conclusion and will be active for one month. 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. View source version on Contacts For Centuri Shareholders, contact:(623) 879-3700Investors@ For Centuri media information, contact:Jennifer Russo(602) 781-6958JRusso@ 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
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Centuri Announces Over $550 Million in Customer Awards Across the U.S.
Centuri Holdings, Inc. (NYSE: CTRI) ('Centuri' or the "Company"), a leading, North American utility infrastructure services company, today announced more than $550 million in new customer awards. These awards further showcase the Company's ability to capitalize on opportunities within its current customer base while simultaneously supporting the infrastructure essential to building next-generation energy solutions. This press release features multimedia. View the full release here: Centuri is expanding its presence in key markets building both natural gas and electric infrastructure for its utility customers. The revenue value of the announced awards largely reflects a significant multi-year contract renewal for one of the largest regulated combination utilities in the United States with strategic expansion into adjacent territories. The total also includes a contract to build a Renewable Natural Gas facility in the Northeast, the fourth of its kind for Centuri's union electric division, where the Company will serve as lead project delivery contractor. Today's release comes on the heels of $575 million in awards announced on June 23, 2025. 'These contract renewals with our long-standing natural gas customers supported by significant expansion are a testament to the reputation we have earned as a capable, client-focused, long-term energy infrastructure partner,' said Centuri President and CEO Christian Brown. 'Our ability to provide end-to-end solutions in both natural gas and electric infrastructure not only positions us well to provide a range of solutions to meet our customer's booming power demands but also fortifies our presence in key markets.' 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.
Yahoo
18-06-2025
- Business
- Yahoo
MPE Partners and Delphi Infrastructure Group Announce the Acquisition of JMF Underground
CLEVELAND and BOSTON, June 18, 2025 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity"), along with its portfolio company Delphi Infrastructure Group ("DIG"), announced today the acquisition of JMF Underground ("JMF"). JMF is a provider of underground utility services for a blue-chip customer base in South-Central Pennsylvania and surrounding states. JMF specializes in horizontal directional drilling, boring, trenching, and excavation services related to the repair and maintenance of underground electrical and natural gas infrastructure. MPE and DIG partnered in the transaction with JMF's Founder and CEO, Joe Fisher, as well as its management team. Mark Crowson, CEO of DIG, said, "JMF Underground has become a leading provider of specialized underground solutions across the Mid-Atlantic and Eastern United States. The company's consistent growth reflects its deep commitment to safety, reliability, and customer service under Joe's leadership. We are proud to partner with the JMF team and support their continued expansion as part of the DIG portfolio of companies." Joe Fisher, Founder and CEO of JMF, stated, "I am exceptionally proud of what the JMF team has built since being founded in 2008. We are excited to join a like-minded, established, and reputable team at DIG that will enable us to better serve customers and accelerate our next phase of growth." Lukas Sontich, Vice President at MPE, added, "The addition of JMF Underground alongside Precision Pipeline, SabCon Underground, and Allegheny Contracting further establishes DIG as a scaled, leading provider of underground infrastructure services to a diverse set of utility customers. We are thrilled to welcome Joe and the JMF team to the organization." Churchill Asset Management and BMO Sponsor Finance provided financing to support the transaction. Jones Day served as legal advisor to MPE. About JMF UndergroundHeadquartered in Mechanicsburg, PA, JMF Underground provides critical repair, maintenance, and installation services for underground electrical and natural gas infrastructure. JMF offers a comprehensive suite of services including horizontal directional drilling, boring engineering and design, soft excavation and core boring, trenching, excavation, and high-density polyethylene fusion services, with a specialty focus in large, hard rock drilling offerings that are offered throughout the Eastern United States. For more information, please visit About Delphi Infrastructure GroupHeadquartered in Columbus, OH, Delphi Infrastructure Group (DIG) is a portfolio of companies providing repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. DIG currently encompasses the Precision Pipeline, SabCon Underground, and Allegheny Contracting operating brands. DIG offers horizontal directional drilling, excavation, hot tapping, stoppling, coating, hydrovac operations, utility locating and verification, GPS mapping, and other underground solutions throughout the Eastern United States. For more information, please visit About MPE PartnersMPE Partners ("MPE" or "Morgenthaler Private Equity") seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH, and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $8 million and $40 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services. For more information, please visit View original content to download multimedia: SOURCE MPE Partners
Washington Post
12-05-2025
- Business
- Washington Post
Centuri: Q1 Earnings Snapshot
PHOENIX — PHOENIX — Centuri Holdings Inc. (CTRI) on Monday reported a loss of $17.9 million in its first quarter. The Phoenix-based company said it had a loss of 20 cents per share. Losses, adjusted for one-time gains and costs, were 12 cents per share. The utility infrastructure services provider posted revenue of $550.1 million in the period.
