Affirms Full Year 2025 Outlook

Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri" or the "Company") today announced that it has rescheduled the release of its financial results and conference call related to the first quarter ended March 30, 2025, which had previously been scheduled for May 7, 2025.

Centuri plans to issue financial results and hold its earnings conference call for the first quarter of fiscal year 2025 on Monday, May 12, 2025.

The conference call will be webcast live on the Company's investor relations (IR) website at https://investor.centuri.com.

Date: Monday, May 12, 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 18556 #. The replay dial-in feature will be made available approximately one hour after the call's conclusion and will be active for one month.

Financial Outlook

The Company affirms its full year 2025 outlook¹, previously provided on February 26, 2025, as follows:

Revenue outlook of $2.60 to $2.80 billion
Adjusted EBITDA of $240 to $275 million
Net capital expenditures of $65 to $80 million

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. 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.

¹ See Centuri's 4Q earnings release slides available on the Company's website for details on certain key assumptions associated with the Company's Full Year 2025 Outlook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250506095572/en/

For Centuri Shareholders, contact:

(623) 879-3700

Investors@Centuri.com

For Centuri media information, contact:

Jennifer Russo

(602) 781-6958

JRusso@Centuri.com