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.

In the latest trading session, Primoris Services (PRIM) closed at $33.31, marking a -1.07% move from the previous day.

Primoris Services (PRIM) Dips More Than Broader Markets: What You Should Know

Primoris Services is near a possible buy point ahead of its earnings report expected around May 5 . The post Stocks To Watch Ahead Of Earnings: Primoris Services appeared first on Investor's Business Daily.

Stocks To Watch Ahead Of Earnings: Primoris Services

Is (PRIM) Outperforming Other Construction Stocks This Year?

Is Primoris Services (PRIM) Stock Outpacing Its Construction Peers This Year?

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

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

Primoris Services (PRIM) has been struggling lately, but the selling pressure may be coming to an end soon

Primoris Services (PRIM) Sees Hammer Chart Pattern: Time to Buy?

DALLAS, March 24, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new heavy civil project with a total value of over $35 million. The contract was secured by the Company's Energy Segment.

Primoris Services Corporation Secures Heavy Civil Project Valued over $35 million

DALLAS, March 23, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new solar award with a total value of over $220 million. The contract was secured by the Company's Energy Segment. This is the third project in which Primoris has been chosen by this customer as its Engineering, Procurement and Construction Partner.

Primoris Services Corporation Announces New Solar Award Valued over $220 million

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A prudent investor should choose stocks that bear low leverage since a debt-free corporation is rare to find. You should consider adding EXP, NX, DHI, GRBK and PRIM to your portfolio at the moment.

Buy these 5 Low Leverage Stocks to Avoid Market Uncertainties

DALLAS, March 16, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”), a leading provider of specialty contracting services in North America, today announced that it has commenced an underwritten public offering of 4,500,000 shares of its common stock (the “Offering”). The Company has also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of the Company's common stock at the public offering price. All of the shares being offered are to be sold by the Company. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed.

Primoris Services Corporation Announces Commencement of Public Offering of Common Stock

Bull of the Day: Primoris (PRIM)

As of late, it has definitely been a great time to be an investor in Primoris Services (PRIM).

Primoris Services' (PRIM) Shares March Higher, Can It Continue?

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McCormick

Primoris Services Corporation (PRIM) CEO Thomas McCormick on Q4 2020 Results - Earnings Call Transcript

Shares of Primoris Services (NASDAQ:PRIM) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 24.53% year over year to $0.66, which beat the estimate of $0.43.

Primoris Services: Q4 Earnings Insights

DALLAS, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or “Company”) today reported financial results for the fourth quarter and full year of 2020 and provided the Company's financial outlook.

Primoris Services Corporation Reports Fourth Quarter and Full Year 2020 Results

Primoris Services Corporation is a $1.5-billion infrastructure company in the United States, specializing in different types of construction and engineering services.

Primoris Services Has Upside Potential

Primoris (PRIM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Primoris (PRIM)

Primoris Services (PRIM) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is Primoris Services (PRIM) a Solid Growth Stock? 3 Reasons to Think " Yes "

Primoris Services (PRIM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Primoris Services (PRIM) Could Beat Earnings Estimates Again

DALLAS, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced the award of a Limited Notice to Proceed (“LNTP”) for a new solar project with an initial value of $19 million and an anticipated final contract value over $200 million. The contract was secured by the Company's Energy Segment.

Primoris Services Corporation Announces New Solar Award

Is Primoris Services (PRIM) a great pick from the value investor's perspective right now? Read on to know more.

Is Primoris Services (PRIM) a Great Stock for Value Investors?

DALLAS, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”), a leading provider of specialty contracting services in North America, announced today that it has closed its acquisition of Future Infrastructure Holdings, LLC (“Future Infrastructure” or “FIH”) in an all-cash transaction valued at $620 million. The transaction directly aligns with Primoris' strategy to grow in large, higher growth, higher margin markets, and expands the Company's utility services capabilities.

Primoris Services Corporation Completes Future Infrastructure Acquisition

DALLAS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM), (“Primoris” or the “Company”), a leading provider of specialty contracting services in North America, today announced it will reorganize its reporting structure to streamline its operations and enhance the Company's growth potential. Beginning with the first quarter of 2021, Primoris will consolidate certain operating segments, which will result in a reduction of operating segments from five to three. The three reorganized segments will be: Utilities, Energy and Pipeline Services.

Primoris Services Corporation Reorganizes Business Units and Segment Reporting Structure to Support Growth Opportunities

DALLAS, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new solar award of approximately $100 million. The contract was secured by the Power, Industrial, & Engineering Segment.

Primoris Services Corporation Announces a Solar Award of Approximately $100 Million

DALLAS, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced that its senior management will be participating virtually in the CJS Securities 21st Annual “New Ideas for the New Year” Conference on Wednesday, January 13, 2021. Presentation slides will be posted that same day to the Company's “Investor Relations” section of its website, www.prim.com, before the opening of trading.

News for Primoris Services Stock (PRIM)