Centuri Holdings (CTRI) reported second-quarter 2026 revenue of $962.0 million, up 33% from the prior-year quarter, and net income attributable to common stock of $6.1 million. Gross profit was $69.1 million, up 2% year over year.
The company raised full-year 2026 guidance, including anticipated contributions from the acquisition of JJ White, which closed July 20. Centuri said second-quarter bookings were nearly $850 million and quarter-end backlog was approximately $6.4 billion.
- Second-quarter total revenue was $961.986 million, compared with $724.052 million a year earlier.
- Net income was $6.148 million, compared with $8.079 million in the prior-year quarter.
- Basic and diluted earnings per share attributable to common stock were each $0.06.
- First-half revenue was $1.69 billion, up 32% from last year.
- Centuri guided for 2026 revenue of $3.59 billion to $3.79 billion.
- Base revenue guidance was raised to $3.5 billion to $3.7 billion, while base gross profit guidance was $270 million to $290 million.
- Centuri completed the acquisition of JJ White for approximately $62 million in cash, subject to customary post-closing adjustments.
$CTRI Hedge Fund Activity
We have seen 128 institutional investors add shares of $CTRI stock to their portfolio, and 89 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 1,728,781 shares (+175.4%) to their portfolio in Q1 2026, for an estimated $50,497,693
- MAVERICK CAPITAL LTD removed 1,672,863 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $48,864,328
- WELLINGTON MANAGEMENT GROUP LLP removed 1,542,155 shares (-44.3%) from their portfolio in Q1 2026, for an estimated $45,046,347
- CHANNING CAPITAL MANAGEMENT, LLC removed 1,345,896 shares (-67.0%) from their portfolio in Q2 2026, for an estimated $40,699,895
- COOPER CREEK PARTNERS MANAGEMENT LLC removed 1,344,118 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $39,261,686
- MEREWETHER INVESTMENT MANAGEMENT, LP removed 1,344,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $39,258,240
- POINT72 ASSET MANAGEMENT, L.P. removed 1,251,366 shares (-92.1%) from their portfolio in Q1 2026, for an estimated $36,552,400
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
