Welcome to our dedicated page for Primoris Svcs news (Ticker: PRIM), a resource for investors and traders seeking the latest updates and insights on Primoris Svcs stock.
Primoris Services Corporation (PRIM) delivers essential infrastructure solutions across North America's energy and utilities sectors. This dedicated news hub provides investors and industry professionals with authoritative updates on the company's strategic developments, project milestones, and operational achievements.
Access real-time press releases and analysis covering PRIM's engineering projects, utility infrastructure contracts, and energy sector partnerships. Our curated collection includes updates on pipeline construction initiatives, utility system upgrades, and regulatory compliance developments that shape the company's market position.
Key updates feature earnings announcements, major contract awards, and technological advancements in infrastructure services. Track PRIM's progress in critical areas including renewable energy projects, gas distribution systems, and water/wastewater infrastructure developments.
Bookmark this page for direct access to Primoris Services Corporation's official communications and expert analysis. Stay informed about one of North America's leading infrastructure specialists through comprehensive coverage of operational updates and strategic business decisions.
Primoris Services (NYSE: PRIM) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release its Q1 2025 financial results on Monday, May 5, 2025, after market close.
A conference call and webcast to discuss the results will be held on Tuesday, May 6, 2025, at 9:00 a.m. U.S. Central Time. Investors can join via phone using the dial-in numbers 1-800-715-9871 (US) or 1-646-307-1963 (International) with access code 1324356. The webcast will be available through the Investors section of Primoris' website.
A replay will be accessible starting May 6, 2025, at 5:00 p.m. Central Time for seven days, using phone numbers 1-800-770-2030 (US) or 1-647-362-9199 (International) with the same access code.
Primoris Services (NYSE: PRIM) has announced significant leadership changes. David King, Chairman and former CEO, has been appointed as Interim President and CEO, succeeding Tom McCormick who will depart effective March 20, 2025. The Board has initiated a search process for a permanent CEO, considering both internal and external candidates.
Additionally, Jeremy Kinch, previously Chief Operations Support Officer, has been promoted to Chief Operating Officer with immediate effect. The company emphasized that McCormick's departure is not related to Primoris's financial statements or business performance.
Primoris Services operates as a leading provider of critical infrastructure services to utility, energy, and renewables markets across the United States and Canada, specializing in engineering, construction, and maintenance services for utility-scale solar, renewables, power delivery, communications, and transportation infrastructure projects.
Primoris Services (NYSE: PRIM) has announced its participation in two upcoming institutional investor conferences in March 2025. The company will attend the 37th Annual Roth Conference in Dana Point, California on March 18, featuring a Fireside Chat at 10:30 a.m. Pacific Time, which will be available via webcast.
Additionally, Primoris will participate in Sidoti's March Small-Cap Virtual Conference on March 19. The company's latest investor presentation will be accessible through the 'Events and Presentations' section of Primoris's Investor Relations website at www.prim.com before both conferences.
Primoris Services (NYSE: PRIM) reported strong financial results for Q4 and full year 2024. Revenue reached $6.4 billion for FY2024, up 11.4% from 2023, driven by Energy segment growth. Net income increased 43.4% to $180.9 million ($3.31 per diluted share).
Key highlights include record operating cash flow of $508.3 million, up $309.8 million from 2023, and record total backlog of $11.9 billion, an 8.9% increase. Q4 2024 showed revenue of $1.7 billion (up 14.9%) and net income of $54.0 million (up 43.3%).
For 2025, the company projects net income between $203.3-214.3 million and EPS of $3.70-3.90 per diluted share. The company maintains strong liquidity with $455.8 million in unrestricted cash and declared a $0.08 per share dividend payable April 15, 2025.
Primoris Services (NYSE: PRIM) has announced its upcoming fourth quarter and full year 2024 earnings release, scheduled for Monday, February 24, 2025, after market close. The company will host a conference call and webcast on Tuesday, February 25, 2025, at 9:00 a.m. U.S. Central Time to discuss the financial results and provide a business outlook for 2025.
Investors can access the conference call by dialing 1-800-715-9871 (U.S.) or 1-646-307-1963 (international) using access code: 1324356. A webcast link will be available in the Investors section of the company's website. A replay will be accessible for seven days starting February 25, 2025, at 5:00 p.m. Central Time.
Primoris Services (NYSE: PRIM) has announced key leadership changes. Jeremy Kinch, former President of Energy, has been promoted to Chief Operations Support Officer, where he will oversee operational support functions including IT, real estate, fleet, project services, and health, safety and environment. Kinch brings over 25 years of infrastructure construction services experience and joined Primoris in 2018 following their acquisition of Willbros.
Additionally, Heath Moncrief has been promoted to President of Energy, leading the industrial services, heavy civil and pipeline businesses. Moncrief previously served as Senior Vice President of Primoris Industrial Construction since 2020 and has over 20 years of industry experience.
CEO Tom McCormick stated these promotions align with the company's strategy of leveraging diverse skills and experience to bring fresh perspectives to the organization.
Primoris Services (NYSE: PRIM) has announced its participation in three upcoming institutional investor conferences. The company will attend the UBS Global Industrials and Transportation Conference in Palm Beach on December 4, 2024, followed by the Goldman Sachs Industrials and Materials Conference in New York on December 5, 2024. Additionally, Primoris will participate in the virtual CJS Securities 25th Annual "New Ideas for the New Year" Investor Conference on January 14, 2025. The company's latest investor presentation will be available on their website's Investor Relations section before each conference.
Primoris Services (NYSE: PRIM) reported strong Q3 2024 results with revenue of $1.65 billion, up 7.8% year-over-year. Net income reached $58.4 million ($1.07 per diluted share), increasing from $48.1 million in Q3 2023. The company achieved record backlog of $11.3 billion driven by renewables and industrial bookings. Adjusted EBITDA grew 6.4% to $127.7 million. Based on strong performance, Primoris raised its 2024 EPS guidance to $2.85-$3.00 and Adjusted EPS to $3.40-$3.55 per diluted share. The company also increased its quarterly dividend to $0.08 per share.
Primoris Services (NYSE: PRIM) has announced the schedule for its third quarter 2024 earnings conference call and webcast. The company will release its financial results on Monday, November 4, 2024, after market close. The earnings press release will be available on the Primoris website at www.prim.com.
A conference call and webcast to discuss the Q3 2024 results and business outlook will be held on Tuesday, November 5, 2024, at 9:00 a.m. U.S. Central Time. Interested parties can dial in at 1-800-715-9871 (U.S./Canada) or 1-646-307-1963 (outside U.S.) using access code: 1324356. The webcast link will be accessible from the 'Investors' section of the company's website.
A replay of the conference call will be available from November 5, 2024, at 5:00 p.m. Central Time for seven days. The replay phone numbers are 1-800-770-2030 (U.S./Canada) and 1-609-800-9909 (outside U.S.), using access code: 1324356 followed by the # key. The webcast replay will also be available on the company's website.
Primoris Services (NYSE: PRIM) has announced its participation in two major investor conferences in September 2024. The company's management team will attend:
- D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference in Nashville, TN on September 19
- RBC Capital Markets Global Industrials Conference in Las Vegas, Nevada on September 25
Primoris will make its latest investor presentation available on the company's website (www.prim.com) in the Investor Relations section under 'Events and Presentations' before each conference. This move demonstrates Primoris' commitment to engaging with institutional investors and showcasing its business strategies and performance.
