Financial Performance - The company's total revenue for Q3 2025 was $850 million, compared to $720.1 million in Q3 2024, representing an increase of approximately $130 million[29] - Base revenue for Q3 2025 was $848.6 million, compared to $678.7 million in Q3 2024, an increase of $169.9 million[29] - Net income attributable to common stock was $2.1 million in Q3 2025, compared to a loss of $3.7 million in Q3 2024, an increase of $5.8 million[29] - Adjusted EBITDA for Q3 2025 was $75.2 million, compared to $78.8 million in Q3 2024, a decrease of $3.5 million[29] Bookings and Backlog - Total bookings for Q3 2025 were approximately $815 million[5] - The company's backlog at the end of the quarter was $5.9 billion[18] - Year-to-date book to bill ratio is 1.8x[18] Outlook - The company raised its full year 2025 revenue guidance to $2.80 - $2.90 billion[42] - The company expects year-end 2025 leverage ratio to be 3.3x to 3.4x[48] Strategic Initiatives - The company is targeting a 50/50 lease vs buy strategy for equipment and machinery[51] - The company anticipates $50 million of operating leases in 2025[51]
Centuri Holdings, Inc.(CTRI) - 2025 Q3 - Earnings Call Presentation