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PHOENIX - Centuri Holdings, Inc. (NYSE: CTRI), a utility infrastructure services company with annual revenues of $2.7 billion, announced Wednesday the appointment of Behzad Kazerani as Senior Vice President of Sales and Business Development for its U.S. Gas and Special Projects business.
Kazerani brings over 30 years of experience in energy infrastructure sales and business development to the utility infrastructure services company. In his new role, he will lead strategic sales efforts across Centuri’s U.S. Gas operations, focusing on market share expansion and leveraging customer relationships. According to InvestingPro data, three analysts have recently revised their earnings expectations upward for the upcoming period, suggesting positive momentum in the company’s business outlook.
Prior to joining Centuri, Kazerani held leadership positions at energy services companies including Petrofac, Wood, KBR, and most recently served as Chief Business Development Officer at EnerMech. He holds a bachelor’s degree in civil engineering, a PhD in Geotechnical Engineering, and is a Chartered Civil Engineer.
"As demand for our service offerings accelerates in line with global energy demand, Behzad’s appointment is instrumental to aligning Centuri’s capabilities with market opportunities," said Centuri U.S. Gas President Dylan Hradek, according to the company’s press release.
Centuri Holdings provides utility infrastructure services to regulated utilities across the United States and Canada. The company maintains long-standing customer relationships, which average more than 24 years. With a market capitalization of $2 billion and a healthy current ratio of 1.57, InvestingPro analysis indicates the company’s liquid assets comfortably exceed its short-term obligations. For deeper insights into Centuri’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
The announcement comes as the company seeks to strengthen its position in the utility infrastructure services market. Centuri became an independent publicly traded company earlier this year following its separation from Southwest Gas Holdings, and has since demonstrated strong market performance with an 18% year-to-date return.
In other recent news, Centuri Holdings Inc. reported its Q1 2025 earnings, revealing a net loss per share of $0.12, which was slightly higher than the forecasted loss of $0.10. Despite this, revenues increased by 4.2% year-over-year to $550.1 million. The company also reported a gross profit margin improvement to 3.7% from 2.5% in Q1 2024. Centuri has secured $350 million in new infrastructure contracts, highlighting a strong demand for modernization projects across sectors like electric and gas utilities, water relocation, and renewable energy. Additionally, Centuri announced a secondary public offering of 9 million shares, managed by J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities, among others. In a private transaction, entities affiliated with Carl C. Icahn agreed to purchase $50 million of Centuri’s common stock, contingent on the public offering’s completion. Southwest Gas Holdings, which launched the secondary offering, emphasized that the public offering’s closure is independent of the private placement’s completion. These developments reflect Centuri’s ongoing strategic initiatives and market positioning in the utility infrastructure sector.
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