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Centuri Holdings (CTRI) Q4 FY2023 earnings: revenue $665 million

Centuri Holdings, Inc. (CTRI) reported revenue of $665 million for Q4 FY2023, the quarter ended 31 December 2023. Net income was -$211 million. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.

Revenue$665 million
Net income-$211 million
Diluted EPSn/a
QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Revenue665775n/an/a
Cost of revenue611687n/an/a
Gross profit53.987.6n/an/a
Gross margin8.1%11.3%n/a
Selling, general and administrative28.728.0n/an/a
Operating income-19553.0n/an/a
Operating margin-29.4%6.8%n/a
Pre-tax income-22026.9n/an/a
Income tax-7.310.0n/an/a
Effective tax raten/a37.2%n/a
Net income-21116.2n/an/a
Net margin-31.7%2.1%n/a
Diluted EPSn/a$0.23n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Operating cash flow10681.3n/an/a
Capital expenditure27.025.9n/an/a
Free cash flow78.655.4n/an/a
Free cash flow margin11.8%7.2%n/a
Cash from investing-22.9-22.8n/an/a
Cash from financing-82.0-52.2n/an/a
Depreciation and amortisation34.536.3n/an/a
Share-based compensation-0.31.3n/an/a
Dividends paid0.00.0n/an/a
Diluted shares, weightedn/a72mn/an/a
Shares outstanding at period end10489mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Shareholders' equity226393n/an/a
Redeemable equity99.3n/an/an/a
Debt1,151n/an/an/a
Operating lease liabilities105n/an/an/a
Finance lease liabilities24.3n/an/an/a
Other liabilities584n/an/an/a
Total liabilities and equity2,190n/an/an/a
Fixed assets545n/an/an/a
Goodwill376n/an/an/a
Intangible assets369n/an/an/a
Cash and equivalents33.432.5n/an/a
Receivables347n/an/an/a
Other assets519n/an/an/a
Total assets2,190n/an/an/a

Questions

What was Centuri Holdings' revenue in Q4 FY2023?

Centuri Holdings (CTRI) reported revenue of $665 million for Q4 FY2023, the quarter ended 31 December 2023.

How much did Centuri Holdings earn in Q4 FY2023?

Net loss for Q4 FY2023 was $211 million.

When did Centuri Holdings report Q4 FY2023 results?

Centuri Holdings filed its 10-K for the year that ended with the quarter on 26 February 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 14 quarters

Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue653806775665528672720717550724850859723962
Cost of revenue611716687611515612644646530656772778687893
Gross profit41.990.087.653.913.360.575.871.120.367.878.080.535.869.1
Gross margin6%11%11%8%3%9%11%10%4%9%9%9%5%7%
SG&A23.530.128.028.728.620.727.230.826.429.035.036.232.737.2
Operating income11.753.253.0-195-21.933.141.933.7-12.732.236.337.1-4.724.1
Operating margin2%7%7%-29%-4%5%6%5%-2%4%4%4%-1%3%
Pre-tax income-11.329.626.9-220-46.011.218.213.3-31.114.310.021.3-17.312.3
Tax raten/a37%37%n/an/a-4%120%22%n/a43%79%-42%n/a50%
Net income-8.817.116.2-211-25.111.7-3.710.3-17.98.12.130.2-9.56.1
Net margin-1%2%2%-32%-5%2%-1%1%-3%1%0%4%-1%1%
Diluted EPSn/a$0.24$0.23n/a-$0.35$0.14-$0.04$0.12-$0.20$0.09$0.02$0.32-$0.09$0.06
Operating cash flow51.9-71.481.3106-22.2-54.217461.016.7-27.75.283.9-35.020.0
Capital expenditure23.230.525.927.030.522.712.933.224.420.823.617.620.227.9
Free cash flow28.6-10255.478.6-52.7-76.916127.8-7.7-48.5-18.466.3-55.3-7.9
Dividends paid0.00.00.00.00.00.00.00.0n/an/an/an/an/an/a
Shares outstanding89m89m89m104n/a89m89m89m89m89m89m101m101m101m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2023, filed 26 February 2025: the filing.