Business
from24/7 Wall St.
1 day agoCenturi's Backlog Is Booming, But Its Debt and Valuation Still Loom Large
Centuri Holdings reported over $870 million in new commercial awards and a significant backlog growth, while improving its debt situation.
Electrification generated about $5 billion in revenue in '22, and we now expect that number to be $13.5 billion to $14 billion in '26, and we are just getting started. Total backlog hit a record $150 billion at year-end 2025. That's not a quarterly number, that's a multi-year revenue runway already locked in.