Centuri Holdings Announces Customer Awards Worth Over $300 Million

Centuri Holdings Inc. (NYSE:CTRI) is one of the 14 Best Small Cap Stocks to Buy Right Now. On August 27, Centuri Holdings Inc. (NYSE:CTRI) announced customer awards worth over $300 million.

These awards complement the previously announced $550 million in customer awards on July 9. These awards indicate the robust demand for Centuri’s comprehensive mix of energy solutions among utility and infrastructure clients across the United States.

“We’re pleased with the continued strong momentum in our bidding and commercial successes into the second half of the year. Our most recent awards are the result of our deliberate strategy to capture end-market opportunities and deliver profitable growth. Customers continue to respond well to the positioning of our differentiated offering, which provides the assets, capabilities, and people resources our customers need to deliver reliable power—all under one umbrella,” said Centuri President and CEO Christian Brown.

The announced awards’ revenue value includes additional scopes of work to support data center units across Pennsylvania, an MSA renewal with a long-standing utility customer in the Northeast, and two new contracts to perform distribution work for gas and electric utilities in the Midwest and Southeast. The awarded scopes include operations to support utility capital plans; electric transmission line relocation and grid hardening, and upgrading and replacing aging infrastructure.

Centuri Holdings Inc. (NYSE:CTRI) is a utility infrastructure services firm that offers utilities to build and maintain the energy network that powers millions of homes in the U.S. and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.