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.

Primoris' revenue and operating income (LTM) are both at record highs since 2014. Its backlog recently hit a new record as well. Its P/S, P/E, and P/B (quarterly) valuation multiples are all near record lows since 2014. The firm's P/S ratio is below 1, standing at 0.31. The energy segment achieved a strong book-to-bill ratio of 2.3 and saw its booking exceed $1.8b.

Primoris Services Corporation: Growth, Value, And Momentum

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

What Makes Primoris Services (PRIM) a Strong Momentum Stock: Buy Now?

Primoris Services (PRIM) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Fast-paced Momentum Stock Primoris Services (PRIM) Is Still Trading at a Bargain

Primoris Services (PRIM) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.48 per share a year ago.

Primoris Services (PRIM) Beats Q2 Earnings and Revenue Estimates

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its second quarter ended June 30, 2023 and provided comments on the Company's operational performance and outlook for 2023. For the second quarter of 2023, Primoris reported the following highlights (1): Revenue of $1,413.4 million, up $390.4 million, or 38.2 percent, compared to the second quarter of 2022 driven by strong growth in both the Utilities and Energ.

Primoris Services Corporation Reports Second Quarter 2023 Results

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it will report second quarter 2023 financial results on Monday, August 7, 2023, 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 8, 2023, 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 2023 Earnings Conference Call and Webcast

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3 Stocks to Buy From a Buoyant Heavy Construction Industry

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it received solar projects with a combined estimated value of approximately $770 million. The contracts were secured by the Company's Energy Segment. “Based on the strength of our customer relationships and our proven track record to execute best-in-class utility-scale solar projects, we continue to see repeat customers partner with Primoris for the successful construction of their.

Primoris Services Corporation Awarded Solar Projects with an Estimated Value of $770 Million

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Primoris Services (PRIM) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Primoris Services (PRIM) Is a Great Choice for Value Investors

Primoris Services (PRIM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Primoris Services (PRIM) Upgraded to Buy: Here's Why

Primoris Services (PRIM) receives contracts for the natural gas power generation plants in six states, fortifying the Energy/Renewables unit.

Primoris (PRIM) Wins Multiple Energy Contracts for $650M

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it received several awards with a combined value over $650 million by the Company's Energy Segment. “I want to congratulate our teams for their work in securing these projects and thank our customers who continue to place their trust in Primoris to execute their projects,” said Tom McCormick, President and Chief Executive Officer of Primoris. “These awards spread across six states a.

Primoris Services Corporation Receives Projects Valued Over $650 Million

Growth stock Primoris is near a buy point. Strong technical ratings and accelerating earnings are tailwinds.

Heavy Construction Stock Nears Buy Point As Growth Explodes

Primoris Services Corporation (NYSE:PRIM ) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Blake Holcomb - VP, IR Thomas McCormick - CEO, President & Director Kenneth Dodgen - EVP & CFO Conference Call Participants Steven Fisher - UBS Lee Jagoda - CJS Securities Sean Eastman - KeyBanc Capital Markets Adam Thalhimer - Thompson, Davis & Company Brent Thielman - D.A. Davidson & Co. Julio Romero - Sidoti & Company Operator Good morning.

Primoris Services Corporation (PRIM) Q1 2023 Earnings Call Transcript

Primoris Services (PRIM) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.01 per share a year ago.

Primoris Services (PRIM) Surpasses Q1 Earnings and Revenue Estimates

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its first quarter ended March 31, 2023 and provided comments on the Company's operational performance and outlook for 2023. For the first quarter of 2023, Primoris reported the following highlights (1): Revenue of $1,256.9 million, up $472.5 million, or 60.2 percent, compared to the first quarter of 2022 driven by strong growth in both the Utilities and Energy.

Primoris Services Corporation Reports First Quarter 2023 Results

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or “the Company”) today announced the results of the Company's Annual Meeting of Stockholders held virtually via webcast on May 3, 2023. At the meeting, stockholders approved the election of nine directors. The directors are: David L. King, Chairman, Primoris; Michael E. Ching, Global Head of Investment Research, Evalueserve; Stephen C. Cook, President and Principal Stockholder, Fieldstone Partners; Carla S. Mashins.

Primoris Services Corporation Announces Results of Annual Stockholders Meeting

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced it will report first quarter 2023 financial results on Tuesday, May 9, 2023, 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 Wednesday, May 10, 2023, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the Compa.

Primoris Services Corporation Schedules First Quarter 2023 Earnings Conference Call and Webcast

Primoris (PRIM) receives contracts for the Energy unit, boosting its backlog by $200 million.

Primoris' (PRIM) $200M Renewables Contracts Boost Backlog

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or “Company”) received two renewables awards with a combined value over $200 million. The Company's Energy Segment secured the projects in the first quarter of 2023. “These awards add over $200 million to the more than $3 billion of backlog the Energy Segment started with in 2023,” said Tom McCormick, President and Chief Executive Officer of Primoris.

Primoris Services Corporation Receives Renewables Projects Valued Over $200 Million

PRIM's revenue growth should benefit from the healthy order backlog and acquisition of PLH in the near term. In the long term, the company should benefit from the healthy growth opportunities across its end markets, including energy, renewables, communications, and oil & gas.

Primoris Services Corp: Promising Investment Opportunity, Strong Growth Prospects

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) announced today that it will transfer the listing of its common stock from The Nasdaq Stock Market LLC (“Nasdaq”) to the New York Stock Exchange (“NYSE”). Primoris expects that its common stock will commence trading on the NYSE at market open on April 4, 2023, under its current ticker symbol “PRIM”.

Primoris Services Corporation Announces Transfer of Listing of Common Stock to the New York Stock Exchange

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) announced today that the Company's management team will participate in the UBS 17th Annual Infrastructure and E&C Conference on Thursday, March 23, in Dallas, Texas. A copy of the Company's most recent earnings release and investor presentation can be accessed from the “Investors” section “News and Events” of its website, www.prim.com.

Primoris Services Corporation to Participate in Institutional Investor Conference

Primoris Services Corporation (NASDAQ:PRIM ) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants Blake Holcomb - VP, IR Tom McCormick - President & CEO Ken Dodgen - CFO Conference Call Participants Lee Jagoda - CJS Securities Steven Fisher - UBS Alex Dwyer - KeyBanc Capital Markets Adam Thalhimer - Thompson Davis Brent Thielman - D.A. Davidson Bill Dezellem - Tieton Capital Management Clay Williams - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by.

Primoris Services Corporation (PRIM) Q4 2022 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2022 and provided the Company's initial outlook for 2023. For the full year 2022, Primoris reported the following highlights (1): Revenue of $4,420.6 million, up $923.0 million, or 26.

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