Welcome to our dedicated page for Primoris Services Corporation news (Ticker: PRIM), a resource for investors and traders seeking the latest updates and insights on Primoris Services Corporation stock.
Primoris Services Corporation (NASDAQ: PRIM) is a leading provider of infrastructure services in the United States and Canada. With a diverse portfolio, Primoris specializes in construction, fabrication, maintenance, replacement, water and wastewater, and engineering services. Serving a broad range of clients, including major public utilities, petrochemical companies, energy firms, and municipalities, Primoris contributes significantly to essential sectors.
Since its establishment, Primoris has grown to become one of the largest construction service enterprises in North America. The company has more than doubled in size since December 2009, expanding its national footprint across the continental United States and Canada. The company operates through two main segments: Utilities and Energy.
- Utilities Segment: This segment offers a wide range of services including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, along with communication systems.
- Energy Segment: This segment provides comprehensive services like engineering, procurement, and construction (EPC), retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance, and more.
Primoris' recent achievements highlight their commitment to excellence and innovation. The company has successfully secured multiple high-value contracts, enhancing their project portfolio and strengthening their market position. The latest projects include major developments in renewable energy infrastructure and cutting-edge engineering solutions for complex industrial challenges.
In terms of financial health, Primoris has shown robust performance, reflecting steady revenue growth and a solid balance sheet. The company's strategic partnerships and extensive industry experience enable it to deliver high-quality services while maintaining cost-efficiency and reliability.
With a proven track record of success, Primoris continues to focus on expanding its service offerings and geographical reach. Their dedication to operational excellence, customer satisfaction, and sustainable growth positions them as a key player in the infrastructure services industry.
Primoris Services Corporation (NASDAQ: PRIM) has announced that President and CEO Tom McCormick, and CFO Ken Dodgen, will be attending the Sidoti & Company, LLC 2022 Winter Virtual Investor Conference on January 19, 2022. The fireside chat is set for 9:30 AM CT (10:30 AM ET). A presentation will be available on the Company’s Investor Relations website before market opening. Primoris provides specialty contracting and critical infrastructure services across the U.S. and Canada, focusing on renewable energy and utility projects.
Primoris Services Corporation (NASDAQ: PRIM) has secured a solar contract valued over
Primoris Services Corporation (NASDAQ: PRIM) announced its participation in the CJS Securities 22nd Annual New Ideas for the New Year Virtual Investor Conference on January 12, 2022. President & CEO
Primoris Services Corporation (NASDAQ: PRIM) has secured two Master Service Agreements (MSAs) worth over $225 million for gas distribution projects in California. These agreements, one spanning two years and the other five years, highlight the company's long-standing relationships with major utilities. The MSAs are set to expand Primoris's portfolio into 2026, supporting its growth in critical infrastructure services across the energy and utility sectors.
Primoris Services Corporation (NASDAQ: PRIM) has secured two heavy civil project awards totaling over $32 million from the Texas Department of Transportation. The first project entails highway construction in Bell County, set to start in Q1 2022 and finish in Q2 2024. The second project involves a bridge replacement in Harris County, expected to be completed by Q2 2023. These projects align with Primoris' strategic focus on critical infrastructure services and expansion into higher-margin markets.
Primoris Services Corporation (NASDAQ: PRIM) announced two significant solar project awards valued at $425 million through its Energy/Renewables Segment. These contracts aim to enhance the company's solar project backlog, targeting $1 billion as previously discussed in earnings. Construction will initiate in Q2 2022, with project completion projected for Q3 2023. Primoris specializes in infrastructure services across the utility and energy sectors throughout the U.S. and Canada, emphasizing growth in utility-scale solar and other renewable markets.
Primoris Services Corporation (NASDAQ: PRIM) has secured two heavy civil project awards valued at over
Primoris Services Corporation (NASDAQ GS: PRIM) reported third-quarter 2021 financial results, with revenue of $913.2 million, down 3% year-over-year. Key highlights include 11% revenue growth in the Energy/Renewables segment and 10% growth in the Utility segment. Net income was $44.1 million, and adjusted EPS was $0.89. The backlog stands at $2.7 billion. The company also announced a $25 million share repurchase program and maintained a $0.06 quarterly dividend. Primoris updated its 2021 outlook, expecting net income per share between $2.10 and $2.20.
Primoris Services Corporation (NASDAQ: PRIM) has secured a significant solar project contract valued at
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