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.

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new Master Service Agreements (“MSA”) totaling over $225 million for gas distribution projects in California. The MSAs were secured by the Utilities Segment. “We have long-standing relationships spanning over forty years with both major utilities,” said Tom McCormick, President and Chief Executive Officer of Primoris. “These multi-year master service agreements expan

Primoris Services Corporation Announces Over $225 Million in Utilities Segment Awards

Primoris Services (PRIM) receives two contracts for the construction of highway and replacement of a bridge, thereby fortifying the Energy/Renewables unit.

Primoris (PRIM) Wins Heavy Civil Deals, Aids Renewables Unit

Primoris Services Corp (NASDAQ: PRIM) has received two heavy civil awards with a combined value of more than $32 million. The projects were secured by Energy/Renewables Segment and awarded by the Texas Department of Transportation.

Primoris Services Energy/Renewables Segment Bags $32M In Contracts

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Awarded Contracts Valued Over $32 Million in Energy/Renewables Segment

Primoris Services Corporation Awarded Contracts Valued Over $32 Million in Energy/Renewables Segment

Primoris Services Corp's (NASDAQ: PRIM) Energy/Renewables Segment has received two solar project awards with an estimated value of $425 million. These awards are for the engineering, procurement, and construction of utility-scale solar facilities in the Southwest.

Primoris Procures ~$425M In Solar Project Awards

Primoris Services' (PRIM) Energy/Renewables segment receives two heavy civil contracts.

Primoris (PRIM) Wins $520M Heavy Civil Contracts, Aids Backlog

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Receives Approximately $425 Million in Solar Project Awards

Primoris Services Corporation Receives Approximately $425 Million in Solar Project Awards

Primoris Services Corp (NASDAQ: PRIM) has received two heavy civil awards with a combined value of more than $520 million. The Gulf Coast projects, secured by the company's Energy/Renewables Segment, were awarded by the Louisiana Department of Transportation and Development.

Primoris Bags $520M In Contracts From Louisiana Department Of Transportation And Development

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Awarded Contracts Valued Over $520 Million in Energy/Renewables Segment

Primoris Services Corporation Awarded Contracts Valued Over $520 Million in Energy/Renewables Segment

Goldman Sachs analyst Jerry Revich downgraded Primoris Services Corp (NASDAQ:PRIM) to Sell from Neutral with a price target of $24 (a downside of 5%), down from $27. Revich cut 2022 and 2023 earnings further below consensus to reflect non-recurring pipeline project closeout benefits in 2021; lower utilities project ramp, and lower pipeline bookings.

Goldman Sachs Turns Bearish On This Specialty Contractor Company - Read Why

McCormick

Primoris Services Corporation (PRIM) CEO Tom McCormick on Q3 2021 Results - Earnings Call Transcript

Primoris Services (PRIM) delivered earnings and revenue surprises of 11.25% and -9.85%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Primoris Services (PRIM) Q3 Earnings Surpass Estimates

Primoris Services (NASDAQ:PRIM) reported its Q3 earnings results on Monday, November 8, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

Recap: Primoris Services Q3 Earnings

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Reports Third Quarter 2021 Results

Primoris Services Corporation Reports Third Quarter 2021 Results

Primoris Services (NASDAQ:PRIM) is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to know before the announcement.

Primoris Services's Earnings Outlook

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Receives Solar Project Award; Estimated Value of $130 Million

Primoris Services Corporation Receives Solar Project Award

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Board Members David L. King and Jose R. Rodriguez Recognized as NACD Directorship Certified

Primoris Services Corporation Board Members David L. King and Jose R.

Primoris Services (PRIM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Primoris Services (PRIM) to Report a Decline in Earnings: What to Look Out for

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation to Participate in the Baird 2021 Global Industrial Virtual Conference

Primoris Services Corporation to Participate in the Baird 2021 Global Industrial Virtual Conference

Primoris Services Corp (NASDAQ: PRIM) has secured seven heavy civil awards with a combined value of over $115 million.  The projects were procured by the company's Energy/Renewables Segment and are located across the Southwest.

Primoris Bags $115M In Energy/Renewables Segment Contracts

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Awarded More Than $115 Million In Energy/Renewables Segment Contracts

Primoris Services Corporation Awarded More Than $115 Million In Energy/Renewables Segment Contracts

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation Schedules Third Quarter 2021 Earnings Conference Call and Webcast

Primoris Services Corporation Schedules Third Quarter 2021 Earnings Conference Call and Webcast

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Q2 2021 Earnings Reveal An Opportunity Is Building For Primoris Services

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation to Participate in the D|A| Davidson 20th Annual Diversified Industrials & Services Virtual Conference

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