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Primoris Services Corporation  (PRIM)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $39.5100 $0.04 0.101%
Day's High: $39.88 Week Perf: -1 %
Day's Low: $ 38.84 30 Day Perf: 17.73 %
Volume (M): 619 52 Wk High: $ 41.11
Volume (M$): $ 24,453 52 Wk Avg: $30.61
Open: $39.80 52 Wk Low: $22.90



 Market Capitalization (Millions $) 2,139
 Shares Outstanding (Millions) 54
 Employees 6,757
 Revenues (TTM) (Millions $) 5,714
 Net Income (TTM) (Millions $) 126
 Cash Flow (TTM) (Millions $) -35
 Capital Exp. (TTM) (Millions $) 103

Primoris Services Corporation

Primoris Services Corporation is a holding company of various subsidiaries, which form one of the larger publicly traded specialty construction and infrastructure companies in the United States. Serving diverse end-markets, we provide a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers. Growing both organically and through acquisitions. The Company’s national footprint now extends nearly nationwide and into Canada.

We install, replace, repair and rehabilitate natural gas, refined product, water and wastewater pipeline systems; large diameter gas and liquid pipeline facilities; and heavy civil projects, earthwork and site development. We also construct mechanical facilities and other structures, including power plants, petrochemical facilities, refineries, water and wastewater treatment facilities and parking structures. Finally, we provide specialized process and product engineering services.

The Company’s common stock trades on the NASDAQ Select Global Market under the symbol “PRIM”. Founded as ARB, Inc. in 1960, we became organized as Primoris in Nevada in 2003, and we became a Delaware public company in July 2008 when we merged with a special purpose acquisition company (a non-operating shell).

Our service capabilities and geographic footprint have expanded primarily through the following four acquisitions.

In addition to these primary acquisitions, we have entered into several smaller agreements to purchase businesses or business assets to start a business as we continue to seek opportunities to expand our skill sets or operating locations. In 2012, we acquired The Saxon Group (“Saxon”) and The Silva Group (“Silva”) (merged with JCG), and in 2013, we acquired Force Specialty Services, Inc. (“FSSI”). During 2014 we acquired Vadnais Trenchless Services, Inc. (“Vadnais”) and made three small acquisitions during the third quarter 2014 which consisted of the net assets of Surber Roustabout, LLC (“Surber”), Ram-Fab, LLC (“Ram-Fab”) and Williams Testing, LLC (“Williams”). We continue to evaluate potential acquisition candidates especially those with strong management teams with good reputations.

For a number of years and through the end of the second quarter 2014, the Company segregated its business into three operating segments: the East Construction Services segment, the West Construction Services segment and the Engineering segment. In the third quarter 2014, the Company reorganized its business segments to match the change in the Company’s internal organization and management structure. The segment changes during the quarter reflect the focus of our new chief operating officer on the services we provide to our energy related customers, primarily in the Gulf Coast area (the “Energy segment”) and a continuing geographic view for the West and East segments. The chief operating officer regularly reviews the operating and financial performance based on these revised segments. The operating segments include: The West Construction Services segment (“West segment”), which is unchanged from the previous segment, the East Construction Services segment (“East segment”), which is realigned from the previous East Construction Services segment and the Energy segment (which includes the previous Engineering segment). All prior period amounts related to the segment change have been retrospectively reclassified throughout these consolidated financial statements to conform to the new presentation. The following is a brief description of each of the Company’s reportable segments and business activities.



   Company Address: 2300 N. Field Street, Suite 1900 Dallas 75201 TX
   Company Phone Number: 740-5600   Stock Exchange / Ticker: NYSE PRIM
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GVA        4.08% 
J   -0.23%    
MYRG   -0.73%    
PWR        3.04% 
TTEK        0.1% 
WTS        3.06% 
• View Complete Report
   



Primoris Services Corporation

Primoris Services Corporation's Strong Revenue Growth Fails to Boost Earnings in Q4 2023

Primoris Services Corporation has shown significant growth in the past 3 months, with a 29.41% increase in shares. However, in February 2024, the shares went down by 18.11%. Despite this recent decline, PRIM shares are only 1.1% shy off its 52-week high of $40.34.
The Construction Services company faced a decline in earnings per share (EPS) in the financial fourth quarter of 2023, despite a rise in revenue. In this quarter, income fell by -11.41% to $0.69 per share, while revenue increased by 14.016% to $1.52 billion compared to the same quarter a year ago. Primoris has outperformed its industry contemporaries on the top-line side, with a 2.98% revenue rise compared to the industry's 2.98% increase.

Contract

Primoris Services Corporation: A Trailblazer in Engineering Excellence Holds Strong Amid Competitive Market Dynamics

Published Mon, Feb 5 2024 9:00 PM UTC

In a testament to its illustrious performance trajectory, Primoris Services Corporation has recently garnered major industrial accolades signifying its commendable stance in the corporate realm. The NYSE-listed organization (NYSE: PRIM), colloquially known as Primoris or 'The Company,' has triumphantly declared the procurement of several awards with cumulative value hovering...

Product Service News

Primoris Services Corporation's Energy Segment Soars with $800 Million in Projects Amidst Challenging Market Conditions

Published Thu, Dec 7 2023 9:00 PM UTC

Primoris Services Corporation Thrives with $800 Million Worth of Projects in the Energy Sector
Primoris Services Corporation (NYSE: PRIM) has recently secured several awards totaling over $800 million for projects in its Energy Segment. This includes a substantial amount of over $300 million for the engineering, procurement, and construction of utility-scale solar projec...

Primoris Services Corporation

PRIM Astonishes Investors with Extraordinary Growth in the Fiscal Span Ending September 30, 2023



Primoris Services Corporation, a leading provider of construction, engineering, and maintenance services in the U.S., recently released its financial results for the third quarter of 2023. The company's impressive revenue growth, increased profitability, and focused approach to sales indicate a promising outlook for the future. Let's analyze the facts and explore how these results might impact Primoris going forward.
1. Revenue Growth and Increased Profitability:
Primoris Services Corporation achieved a remarkable 19.1% increase in revenue during the third quarter of 2023, amounting to $1.53 billion. This growth was primarily driven by the strong performance of power delivery and renewables. Moreover, the company experienced a modest rise in profitability, with earnings per share reaching $0.89, reflecting an 11.25% increase from the previous year.

Primoris Services Corporation

Primoris Services Corporation Surpasses Expectations with Remarkable Accomplishment in Fiscal Q2 ending June 30, 2023

The recent financial results of Primoris Services Corporation indicate both positive and negative aspects that may impact the company's future performance.
Firstly, it is important to note that Primoris Services Corporation experienced a 1.2% increase in its stock over the last five trading days, bringing its year-to-date performance to an impressive 40.68%. This suggests that investors have been optimistic about the company's prospects.






 

Primoris Services's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Primoris Services does not provide revenue guidance.

Earnings Outlook
Primoris Services Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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