Centuri Holdings Inc. (CTRI) experienced a significant 5.43% plummet in its stock price during Wednesday's intraday trading session. The utility infrastructure services company's share price decline can be attributed to its disappointing fourth-quarter results and a lackluster outlook for the year 2025.
In its earnings report, Centuri reported a 7.8% year-over-year increase in revenue to $717.1 million for the fourth quarter of 2024. However, the company's adjusted earnings per share of $0.21 missed analysts' expectations of $0.22. Additionally, Centuri's full-year 2024 revenue of $2.64 billion and adjusted EBITDA margin of 9.0% were at the lower end of its previously provided guidance range.
Investors were further discouraged by Centuri's outlook for 2025, as the company forecasted revenue in the range of $2.6 billion to $2.8 billion and adjusted EBITDA of $240 million to $275 million. These projections fell short of analysts' expectations, indicating potential challenges in the company's growth prospects and profitability.
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