Centuri outlined a projected base-revenue compound annual growth rate of 10% to 15% and adjusted EPS growth of 30% to 45% through 2029 [1].
These targets signal the company's intent to scale its financial performance over the next several years. The projections provide a long-term roadmap for investors as the firm attempts to maintain high growth margins.
As part of its Q1 2026 management view, the company reiterated its financial guidance for the current year. Centuri expects base revenue between $3.15 billion and $3.45 billion [2, 3]. The company also expects base gross profit to range from $255 million to $285 million [2, 3].
"We expect base revenue of $3.15 billion to $3.45 billion and base gross profit of $255 million to $285 million," Centuri executive Izenstark said [2].
This guidance follows a period of rapid expansion in the first quarter. Centuri management said that revenue grew 31% year-over-year [1]. Base revenue increased by 29% during the same period [1].
Profitability also saw a significant jump in the most recent quarter. Gross profit rose 76% year-over-year, while base gross profit increased by 96% [1].
"In the first quarter, we delivered exceptional results, highlighted by significant year‑over‑year growth, including revenue up 31%, base revenue up 29%, gross profit up 76%, and base gross profit up 96%," Centuri management said [1].
The company's strategy involves strengthening its backlog and improving margins to sustain these trajectories through the end of the decade [2].
“Centuri projected a base-revenue compound annual growth rate of 10% to 15% through 2029.”
Centuri is attempting to transition from a period of rapid, short-term quarterly spikes into a predictable long-term growth phase. By setting a specific compound annual growth rate (CAGR) through 2029, the company is signaling to the market that its recent triple-digit gains in base gross profit are not anomalies, but the foundation for a sustained expansion of its earnings per share.
