SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, LLP, a nationally recognized shareholder rights law firm, is currently investigating potential violations of federal securities laws by Centuri Holdings, Inc. (NYSE: CTRI) and certain of its executive officers. The investigation particularly focuses on whether there were misrepresentations or failures to timely disclose material, adverse information to investors, which could have influenced their decisions and subsequently led to investment losses. https://www.johnsonfistel.com/investigations/centuri
Background of the Investigation
On July 29, 2024, Centuri 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.
Just months earlier on April 18, 2024, Centuri conducted its initial public offering ("IPO"), and the company sold 12.4 million shares for $21.
Important Information for Shareholders
Shareholders of Centuri who have purchased common stock and experienced significant losses on their investment are urged to contact Johnson Fistel to participate in the investigation. Participation in this action may enable you to recover your losses. Join our investigation now: https://www.johnsonfistel.com/investigations/centuri
No Cost or Obligation to Participate
Interested Centuri shareholders should be aware that there is no cost or obligation to participate in this investigation.
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 derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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