Press release
Investigation announced for Investors in Centuri Holdings, Inc. (NYSE: CTRI) shares concerning possible Wrongdoing
An investigation on behalf of investors in Centuri Holdings, Inc. (NYSE: CTRI) shares over potential wrongdoing at Centuri Holding
Investors who purchased shares of Centuri Holdings, Inc. (NYSE: CTRI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Centuri Holdings, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Phoenix, AZ based Centuri Holdings, Inc. operates as a utility infrastructure services company in North America.
Centuri Holdings, Inc. reported that its annual Total Revenue rose from over $2.76 billion in 2022 to over $2.89 billion in 2023, and that its Net Loss increased from over $168.14 million in 2022 to over $172.64 million in 2023.
On April 18, 2024, Centuri Holdings, Inc conducted its initial public offering ("IPO"), and the company sold 12.4 million shares for $21.
On July 29, 2024, Centuri Holdings, Inc reported its financial results for the second quarter, revealing a Non-GAAP Earnings Per Share (EPS) of $0.20, which falls short by $0.02 in comparison to market expectations. Additionally, the company's revenue for the quarter was disclosed at $643.39 million, representing a year-over-year decline of 17.0%, and missing analyst projections by $117.03 million.
Shares of Centuri Holdings, Inc. (NYSE: CTRI) declined to as low as $14.73 per share on July 29, 2024.
Those who purchased shares of Centuri Holdings, Inc. (NYSE: CTRI) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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