What caused CTRI's EPS to rebound in Q4 2024?

The EPS of CTRI did not rebound in Q4 2024, as the latest report period is for Q3 2024. However, we can analyze the factors affecting CTRI's financial performance for Q3 2024. 1. **Challenges and Decline in Revenue**: Centuri faced a decline of 7.1% in consolidated revenues and a decrease of 13.5% in gross profit compared to the same period last year, primarily due to lower offshore wind activity and subdued MSA (Master Service Agreement) spending. The US Gas segment experienced a 7.5% revenue decrease due to lower utilization of fixed costs and higher equipment and insurance-related costs. 2. **Cost Savings and Strategic Growth**: Despite the challenges, Centuri achieved significant cost savings through renegotiating supply chain contracts, securing new awards, and diversifying its services. The company secured over $347 million in new awards during Q3, including $206 million in MSAs and $140 million in strategic bid awards. Additionally, Centuri renegotiated 14 major supply chain contracts, achieving average discounts of approximately 7%, expected to generate substantial cost savings. 3. **Electric Business Growth and Storm Restoration Services**: Centuri's electric business showed growth, driven by the incremental onboarding of additional electric crews and strong performance in storm restoration services. The company is diversifying its services, with a nearly equal split between gas and electric services, and is expanding into adjacent markets such as renewable natural gas, hydrogen, and carbon capture. In conclusion, while CTRI's EPS did not rebound in Q4 2024, the company's financial performance for Q3 2024 was influenced by a combination of challenges and strategic initiatives. The decline in revenue due to lower offshore wind activity and subdued MSA spending was offset to some extent by cost savings from renegotiating supply chain contracts and strategic growth in its electric business and storm restoration services.