Last Tuesday, Centuri Holdings Inc. (CTRI) announced $350M in new customer awards. The awards span the US and include work supporting electric and gas infrastructure modernization, water relocation, utility distribution, and renewables, notes Clif Droke, editor of Cabot Turnaround Letter.
The awards encompass new customer work, along with significant expansion of contracts previously awarded.
Centuri Holdings Inc. (CTRI)
Specifically, they cover:
1) A water relocation project in the Midwest
2) Two distinct awards for an electric utility customer in the Northeast
3) A program of work for one of the largest utilities in the Southwest focused on metro excavation
4) Core gas distribution services
5) An award for complex infrastructure installations
The latest announcement complements the previously announced $400 million in master service agreement renewals shared on April 24. CTRI remains a “Hold” in the portfolio.
