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 Corporation (NASDAQ: PRIM) plans to release its second quarter 2022 financial results on August 8, 2022, after market close. A conference call and webcast will follow on August 9, 2022, at 9:00 a.m. CT to discuss these results and the Company’s financial outlook. Primoris provides critical infrastructure services, focusing on utility, energy/renewables, and pipeline services, enhancing its growth potential through master service agreements and higher-margin markets like renewable fuels and solar facility installations.
Primoris Services Corporation (NASDAQ: PRIM) announced that President and CEO Tom McCormick, along with CFO Ken Dodgen, will participate in the CJS Securities 22nd Annual New Ideas Summer Conference on Tuesday, July 12, 2022. Investors can access the company's presentation on their Investor Relations website, www.primoriscorp.com, prior to the market opening on the same day. Primoris is a leading provider of specialty contracting services in the U.S. and Canada, focusing on utilities and renewable energy markets, positioning itself for long-term growth.
Primoris Services Corporation (NASDAQ: PRIM) has announced a significant heavy civil project valued at over $170 million, awarded by the Texas Department of Transportation. This project involves the construction of a section of Highway 59 in Polk County, Texas, scheduled to start in Q3 2022 and expected to complete by Q4 2024. CEO Tom McCormick emphasized that this initiative exemplifies the company's commitment to delivering crucial infrastructure for America's future.
Primoris Services Corporation (NASDAQ: PRIM) has entered into a definitive merger agreement to acquire PLH Group, Inc. for
Primoris Services Corporation (NASDAQ: PRIM) announced a significant solar project valued at
Primoris Services Corporation (NASDAQ: PRIM) announced its participation in three institutional investor conferences in June. The conferences include the KeyBanc Capital Markets Industrial & Basic Materials Conference on June 1, Stifel Cross Sector Insight Conference on June 9, and Sidoti & Company Summer Investor Virtual Conference on June 16. Presentations for each conference will be available on the company's Investor Relations website before NASDAQ trading opens. Primoris provides specialty contracting and critical infrastructure services primarily in the utility and energy sectors.
Primoris Services Corporation (NASDAQ GS: PRIM) reported Q1 2022 revenues of $784.4 million, a decrease from Q1 2021, alongside a net loss of $1.7 million. Adjusted EPS stood at $0.01, down from $0.37 year-over-year. The company announced a record backlog of $4.025 billion, up 30% compared to last year, primarily driven by utilities and energy/renewables. Despite challenges in the pipeline segment, including a 49% revenue decline, Primoris remains optimistic, raising its 2022 net income guidance to between $2.20 and $2.40 per share.
Primoris Services Corporation (NASDAQ: PRIM) has announced a new solar project valued at
Primoris Services Corporation (NASDAQ: PRIM) has secured a $120 million contract for a utility-scale solar project, marking its sixth contract with the customer and eighth project in the Southwest region. The project is set to commence construction in Q2 2022 and is expected to complete in Q1 2023. With over $1.4 billion in solar projects completed or under construction, Primoris aims to enhance its growth in the renewable energy sector. This contract reinforces the company's strong client relationships and ongoing success in the energy/renewables segment.
On May 4, 2022, Primoris Services Corporation held its Annual Meeting of Stockholders in Dallas, Texas. Stockholders elected nine directors, including David L. King as Chairman and Michael Ching as a new member. The selection of Moss Adams LLP as the independent public accounting firm for the fiscal year ending December 31, 2022, was ratified. The 2022 Employee Stock Purchase Plan was approved, effective May 5, 2022. CEO Tom McCormick expressed gratitude for shareholder support and confidence in the company’s strategy.
