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PHOENIX, AZ - Centuri Holdings , Inc. (NYSE:CTRI), a natural gas transmission and distribution company with a market capitalization of $1.5 billion and annual revenue of $2.6 billion, concluded its Annual Meeting of Stockholders on April 16, 2025, with key decisions made regarding the election of directors, executive compensation, and the appointment of its independent auditor, as per the latest 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company is trading near its Fair Value, with analysts expecting a return to profitability this year despite recent challenges.
The stockholders represented, in person or by proxy, a total of 87,441,245 shares of common stock. They voted to re-elect all director nominees, with Christian I. Brown, Julie A. Dill, Andrew W. Evans, Karen S. Haller, Christopher A. Krummel, Anne L. Mariucci, and Charles R. Patton securing their positions on the board until the next annual meeting or until their successors are elected. The board’s oversight will be crucial as the company works to improve its 8.4% gross profit margin and strengthen its financial position.
In an advisory capacity, the shareholders approved the company’s executive compensation package with a significant majority. The vote reflected a strong endorsement of the company’s leadership and compensation strategies.
Additionally, the stockholders supported an annual frequency for future non-binding advisory votes on the company’s executive compensation, aligning with the board of directors’ recommendation.
The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 28, 2025, was ratified with an overwhelming majority of the votes.
Centuri Holdings’ commitment to transparency and adherence to corporate governance standards is evident in the detailed voting results, which are now publicly available following the SEC filing. The company will continue to hold annual advisory votes on executive compensation until the next stockholder advisory vote on the frequency of such votes.
This report is based on a press release statement and provides a summary of the most recent corporate governance actions taken by Centuri Holdings, Inc. The company is scheduled to report its next earnings on May 7, 2025. InvestingPro subscribers have access to additional insights, including 7 key tips about Centuri’s financial health and growth prospects, along with comprehensive analysis available in the Pro Research Report.
In other recent news, Centuri Holdings, Inc. reported fourth-quarter earnings that surpassed analyst estimates, with adjusted earnings per share at $0.21 compared to the expected $0.19. The company also achieved a revenue of $717.1 million, marking a 6% increase from the previous year. Despite these positive results, Centuri’s stock experienced a decline of over 5%, attributed to investor concerns about the company’s 2025 outlook. Centuri forecasts its 2025 revenue to be between $2.6 billion and $2.8 billion, aligning closely with analysts’ expectations of $2.7 billion. The company has also projected an adjusted EBITDA ranging from $240 million to $275 million. Additionally, Centuri secured over $490 million in new contracts, including renewals and new awards, highlighting its expansion into the Pacific Northwest. The company also announced the acquisition of over $360 million in new project awards, focusing on utility, energy, and data center customers across North America. These developments reflect Centuri’s ongoing growth and strategic efforts to strengthen its market position.
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