Johnson Fistel begins investigation against Centuri after

SAN DIEGO, July 30, 2024 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Centuri Holdings, Inc. (NYSE: CTRI), one of its officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation is focused on investors’ losses and whether they can be recovered under the federal securities laws.

What happens when I purchase Centuri common stock? If you purchased Centuri common stock and suffered losses on your investment, join our investigation now: https://www.johnsonfistel.com/investigations/centuri.

Or contact Jim Baker for more information at [email protected] or (619) 814-4471.

There are no costs or obligations to you.

What does Johnson Fistula examine? On July 29, 2024, Centuri reported its second quarter financial results and reported non-GAAP earnings per share (EPS) of $0.20, $0.02 below market expectations. In addition, the company’s revenue for the quarter was reported at $643.39 million, down 17.0% year-over-year and missing analyst forecasts by $117.03 million.

Just a few months earlier, on April 18, 2024, Centuri conducted its initial public offering (“IPO”) and the company sold 12.4 million shares for $21. Since the IPO, the price has fallen sharply and on July 29, 2024, Centuri stock closed at $15.72.

Specifically, Johnson Fistel’s investigation seeks to determine whether the Company’s filings with the Securities and Exchange Commission (SEC) in connection with its initial public offering in April 2024 and subsequent communications with investors contained untrue statements about material facts or omitted other facts necessary to prevent statements contained therein from being misleading with respect to the Company’s business and operations.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia and Colorado. The firm represents individual and institutional investors in shareholder class action lawsuits involving derivatives and securities. For more information about the firm and its attorneys, visit http://www.johnsonfistel.com.

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Contact:
Johnson Fistula, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]