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, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two awards with a combined value of approximately $39 million. The contracts were secured by the Pipeline & Underground segment.

Primoris Services Corporation Announces Pipeline Awards Estimated at $39 Million

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DALLAS, Dec. 14, 2020 (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 that it has entered into a definitive merger agreement to acquire Future Infrastructure Holdings, LLC (“Future Infrastructure” or “FIH”) from Tower Arch Capital LLC (“Tower Arch”) and other interest holders in an all cash transaction valued at $620 million.

Primoris Services Corporation to Acquire Future Infrastructure Holdings, LLC to Establish Leading Platform in Telecommunication Services

The IBD SmartSelect Composite Rating for Primoris Services rose from 94 to 96 Wednesday. The post Top-Rated Stocks: Primoris Services Sees Composite Rating Climb To 96 appeared first on Investor's Business Daily.

Top-Rated Stocks: Primoris Services Sees Composite Rating Climb To 96

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

3 Reasons Growth Investors Will Love Primoris Services (PRIM)

DALLAS, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced that its senior management will be participating in the Credit Suisse 8th Annual Virtual Industrials Conference on Wednesday, December 2, 2020.

Primoris Services Corporation to Participate in Investor Conference

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7 Must-Buy Growth Stocks for November as Vaccine Rally Fades

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Primoris Services Corporation (PRIM) CEO Tom McCormick on Q3 2020 Results - Earnings Call Transcript

DALLAS, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or “Company”) today reported financial results for the third quarter of 2020.

Primoris Services Corporation Reports Third Quarter 2020 Results

Higher demand from gas and electric utility markets, and the solar market is likely to reflect on Primoris Services' (PRIM) Q3 results.

What's in Store for Primoris Services' (PRIM) Q3 Earnings?

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DALLAS, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ G lobal Select : PRIM ) (“Primoris” or “Company”) announced today that management will host a conference call at 10:00 am Eastern Time / 9:00 am Central Time on Friday, November 6, 2020 to discuss the Company’s third quarter results. The Company plans to release its results prior to the opening of the markets.

Primoris Services Corporation Schedules Conference Call to Discuss 2020 Third Quarter Financial Results

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DALLAS, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced the renewal of a Master Service Agreement (“MSA”) with a major energy customer with an anticipated value of over $110 million. The contract was secured by the Power, Industrial, & Engineering segment. This award was signed in the third quarter of 2020.

Primoris Services Corporation Announces Industrial Award Valued Over $110 Million

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DALLAS, Sept.  16, 2020  (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) will be participating in three investor conferences in September.  Management will take part in the Morgan Stanley 8th Annual Laguna Conference on Thursday, September 17; the D.A. Davidson 19th Annual Diversified Industrials & Services Conference on Wednesday, September 24; and the Sidoti Fall 2020 Investor Conference on Wednesday, September 24.  All three conferences are being held in a virtual format.

Primoris Services Corporation to Participate in Several Investor Conferences in September

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DALLAS, Sept.  03, 2020  (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced three new pipeline awards with a combined value over $75 million.  The contracts were secured by the Pipeline & Underground segment.

Primoris Services Corporation Announces Pipeline Awards Valued Over $75 Million

DALLAS, Sept.  02, 2020  (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced two new heavy civil awards with a combined value over $76 million.  The contracts were secured by the Civil segment. 

Primoris Services Corporation Announces Heavy Civil Awards Valued Over $76 Million

DALLAS, Aug.  27, 2020  (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) Earlier this month Primoris Services Corporation and Raedlinger Primus Line, Inc. (“Primus Line”) officially completed a Joint Marketing Agreement. The signing of this agreement gives Primoris an internal pipeline rehabilitation product to offer to its customers as well as gives distribution and installation services to Primus Line’s products throughout North America. Primoris is looking forward to working with Primus Line and providing customers with a product that can be safely installed with minimal downtime.

Primoris Services Corporation Expands Pipeline Repair Capabilities

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DALLAS, Aug.  17, 2020  (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new heavy civil award valued at $30 million.  The contract was secured by the Civil segment. 

Primoris Services Corporation Announces Heavy Civil Award Valued at $30 Million

Primoris Services Corporation (PRIM) CEO Tom McCormick on Q2 2020 Results - Earnings Call Transcript

Primoris Services (PRIM) delivered earnings and revenue surprises of 94.29% and 1.73%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Primoris Services Stock (PRIM)