Primoris Services

Primoris Services Corp. operates as a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Utilities, Energy and Renewables, and Pipeline. The Utilities segment specializes in a range of services, including telecommunications and installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems. The Energy and Renewables segment is involved in engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The Pipeline segment offers pipeline construction and maintenance, pipeline facility and integrity services, installation of compressor and pump stations, and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded by Brian Patt in 2004 and is headquartered in Dallas, TX.

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Primoris Services reports record 2022 revenue growth and positive outlook

Primoris Services delivered a strong performance in 2022, achieving record revenue and net income growth. The company overcame challenges and is well-positioned for continued success in 2023.
Strategic acquisitions, focus on talent, and disciplined execution are key strengths driving profitability and growth. Opportunities in solar business and utilities segment provide avenues for further expansion.
Maintaining operational efficiency, navigating challenges, and capitalizing on growth opportunities are crucial for Primoris Services' future success. The company's financial outlook for 2023 is positive, supported by strong cash flow and revenue expectations.

Primoris Services achieves record Q1 revenue, eyes growth opportunities

Primoris Services delivered a strong Q1 performance with record revenue and gross profit, driven by the Utility and Energy segments.
Despite challenges in maintaining margins and operational efficiency, Primoris remains focused on safety, quality, and growth strategies.
The company's emphasis on infrastructure investments and commercial initiatives aligns with opportunities for expansion and market trends.

Primoris Services reports record Q2 earnings and raises full-year guidance

Primoris Services delivered a strong performance in Q2 2023, with record revenue and profit, setting the stage for a positive outlook.
The company's focus on operational efficiency, margin improvements, and strategic vision bodes well for future growth.
While challenges like economic uncertainties and cost pressures exist, Primoris Services is well-positioned to capitalize on opportunities.
With raised full-year guidance and a commitment to financial stability, Primoris Services demonstrates resilience and growth potential.

Primoris Services excels in Q3, eyes renewables for growth

Primoris Services delivered a strong performance in Q3 2023, with record revenue and gross profit. The company is focused on reducing leverage, talent acquisition, and seizing growth opportunities in renewables and industrial sectors.

Primoris Services reports robust 2023 performance and outlines growth strategies

Primoris Services delivered strong financial performance in 2023, with revenue growth and improved margins.
The company aims to enhance margins in the Utility segment, monitor M&A opportunities, and focus on strategic growth areas.
Expectations of continued revenue growth, margin improvement, and expansion in renewables highlight a positive outlook for 2024.
Management's emphasis on safety, financial discipline, and long-term growth strategies position Primoris Services for future success.

Primoris Services reports strong Q1 earnings, eyes growth opportunities

Primoris Services delivered a robust performance in Q1 2024, driven by strong revenue and margin improvements.
While facing challenges in the Utilities segment, the company showcased resilience and growth potential in key areas.
Maintaining guidance and focusing on strategic growth initiatives position Primoris Services for continued success and expansion.
With a solid financial performance and a focus on key growth segments, Primoris Services is poised for sustained growth and profitability.

Primoris Services reports strong Q2 growth, eyes data center opportunities

Primoris Services delivered robust financial performance in Q2 2024, driven by double-digit revenue and profitability growth, particularly in the Energy segment.
While facing challenges in the Utility segment and increased SG&A expenses, the company's strong backlog and improved cash flow position it well for future growth.
By capitalizing on opportunities in data center development and renewables, Primoris is poised to maintain its growth trajectory and enhance shareholder value.

Primoris Services achieves record Q3 results, raises full-year guidance

Primoris Services delivered exceptional financial results in Q3 2024, with record revenue and earnings.
The company's strategic focus on higher-return contracts and operational efficiency drove improved margins.
Despite some revenue declines, Primoris remains well-positioned with a strong backlog and raised EPS guidance.
Opportunities in renewables and disaster response highlight potential areas for future growth and expansion.

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Primoris Services Corp. is a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Utilities, Energy and Renewables, and Pipeline. The Utilities segment specializes in a range of services, including telecommunications and installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems. The Energy and Renewables segment focuses on the engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The Pipeline segment offers pipeline construction and maintenance, pipeline facility and integrity services, installation of compressor and pump stations, and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded by Brian Patt in 1960 and is headquartered in Dallas, TX.

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Primoris Services Corporation (NYSE:PRIM ) Q3 2024 Results Conference Call November 5, 2024 10:00 AM ET Company Participants Blake Holcomb - Vice President, Investor Relations Tom McCormick - President and Chief Executive Officer Ken Dodgen - Chief Financial Officer Conference Call Participants Pete Lukas - CJS Securities Adam Bubes - Goldman Sachs Drew Chamberlain - JPMorgan Kevin Gainey - Thompson Davis Brent Thielman - D.A. Davidson Judah Aronovitz - UBS Alex Hantman - Sidoti Operator Ladies and gentlemen, good day, and thank you for standing by.

Primoris Services Corporation (PRIM) Q3 2024 Earnings Call Transcript

Primoris Services (PRIM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.02 per share a year ago.

Primoris Services (PRIM) Q3 Earnings and Revenues Top Estimates

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the third quarter of 2024, Primoris reported the following highlights (1): Revenue of $1,649.1 million, up $119.6 million, or 7.8 percent, compared to the third quarter of 2023 driven by strong growth in both the Energy and Utiliti.

Primoris Services Corporation Reports Third Quarter 2024 Results

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. The Company's press release will be available on the Primoris website at www.prim.com. In conjunction with the press release, management will host a conference call and webcast on Tuesday, November 5, 2024, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the.

Primoris Services Corporation Schedules Third Quarter 2024 Earnings Conference Call and Webcast

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Primoris Is A Politically Neutral Renewables Infrastructure Value Play

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Has Primoris Services (PRIM) Outpaced Other Construction Stocks This Year?

Does Primoris Services (PRIM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Primoris Services (PRIM) is a Great Choice

Primoris Services (PRIM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Primoris Services Corporation (PRIM) Hit a 52 Week High, Can the Run Continue?

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that the Company's management team will participate in two institutional investor conferences in September. D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference – Nashville, TN on September 19 2024 RBC Capital Markets Global Industrials Conference – Las Vegas, Nevada on September 25 A copy of the Company's most recent investor presentation will be available.

Primoris Services Corporation to Participate in Investor Conferences

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Primoris Services (PRIM) Stock Undervalued Right Now?

Should Value Investors Buy Primoris Services (PRIM) Stock?

EMCOR, MasTec, Granite Construction, Primoris Services and Great Lakes Dredge & Dock have been highlighted in this Industry Outlook article.

Zacks Industry Outlook EMCOR, MasTec, Granite Construction, Primoris Services and Great Lakes Dredge & Dock

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DALLAS--(BUSINESS WIRE)--Premier PV, part of specialty contractor Primoris Services Corporation's (NYSE: PRIM) (“Primoris” or the “Company”) family of companies, announced today that it has reached over $55 million in backlog. Premier PV is a provider of electrical balance of systems (eBOS) solutions to the solar, battery energy storage systems, and operations and maintenance markets, with a focus on utility-scale applications. Its product offerings include combiner boxes, load break disconnect.

Premier PV, a Primoris Services Corporation Company, Reaches $55 Million in Backlog

Are Investors Undervaluing Primoris Services (PRIM) Right Now?

Primoris Services Corporation had another strong quarter, fueled by growth in the energy segment and investments in renewable energy and AI-driven utility needs. Revenue of $1.563 billion, beating expectations, with a surge in energy segment revenue (increasing by 25%). Backlog remains solid at $10.453 billion, and strategic investments position the company well for future growth in the utility space.

Primoris Q2: Exceptional Even If AI Demand Slows

Primoris Services Corporation (NYSE:PRIM ) Q2 2024 Results Conference Call August 6, 2024 10:00 AM ET Company Participants Blake Holcomb - Vice President, Investor Relations Tom McCormick - President and Chief Executive Officer Ken Dodgen - Chief Financial Officer Conference Call Participants Adam Bubes - Goldman Sachs Pete Lukas - CJS Securities Alex Hantman - Sidoti Avi Jaroslawicz - UBS Kevin Gainey - Thompson, Davis Brent Thielman - D.A. Davidson Operator Hello, and thank you for standing by.

Primoris Services Corporation (PRIM) Q2 2024 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its second quarter ended June 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the second quarter of 2024, Primoris reported the following highlights (1): Revenue of $1,563.7 million, up $150.3 million, or 10.6 percent, compared to the second quarter of 2023 driven by strong growth in the Energy segment; Net inco.

Primoris Services Corporation Reports Second Quarter 2024 Results

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it will report second quarter 2024 financial results on Monday, August 5, 2024, after market close. The Company's press release will be available on the Primoris website at www.prim.com. In conjunction with the press release, management will host a conference call and webcast on Tuesday, August 6, 2024, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the Co.

Primoris Services Corporation Schedules Second Quarter 2024 Earnings Conference Call and Webcast

Primoris (PRIM) wins $1.2 billion in solar and gas turbine projects, boosting its growth in solar and natural gas sectors.

Primoris (PRIM) Secures $1.2B in Energy Segment Contracts

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced several awards with a combined value of approximately $1.2 billion secured by the Company's Energy Segment. The awards include nearly $700 million contracted in the second quarter of 2024 and more than $500 million booked early in the third quarter of 2024. The projects consist of $1.1 billion for the engineering, procurement and construction of utility-scale solar projects and arou.

Primoris Services Corporation Receives Project Awards Valued at Approximately $1.2 Billion

Primoris Services Corporation is a Dallas-based company providing infrastructure services in the U.S. and Canada, with a focus on the energy business. The company's involvement in data centers and renewables sets it apart from competitors, with strong growth potential in solar and grid storage. My view is PRIM is undervalued and is worth ~$59/share today with the potential for 24% CAGR to $74/share by FY'26E.

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