PRIM

Primoris Services Corporation Reports First Quarter 2024 Results

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星期三, 五月 8, 2024
Building Systems, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Other Transport, Transport, Urban Planning, Other Manufacturing, Telecommunications, Other Energy, Utilities, Other Construction & Property, Engineering, Depreciation, Growth, PRIM, Master, Public utility, Work, EPS, Primoris Services Corporation, Renewable energy

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its first quarter ended March 31, 2024 and provided comments on the Company’s operational performance and outlook for 2024.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its first quarter ended March 31, 2024 and provided comments on the Company’s operational performance and outlook for 2024.
  • During the first quarter of 2024, net income was $18.9 million compared to $1.3 million in the prior year.
  • Adjusted EPS was $0.47 for the first quarter of 2024, compared to $0.18 for the first quarter of 2023.
  • Adjusted EBITDA was $73.8 million for the first quarter of 2024, compared to $52.8 million for the same period in 2023.

Primoris Services Corporation Schedules First Quarter 2024 Earnings Conference Call and Webcast

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星期四, 四月 18, 2024
Architecture, Other Energy, Utilities, Alternative Energy, Energy, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Engineering, Urban Planning, Building Systems, Manufacturing, PRIM, Primoris Services Corporation, Webcast, Central Time Zone, Interest

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced it will report first quarter 2024 financial results on Wednesday, May 8, 2024, after market close.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced it will report first quarter 2024 financial results on Wednesday, May 8, 2024, after market close.
  • The Company’s press release will be available on the Primoris website at www.prim.com .
  • In conjunction with the press release, management will host a conference call and webcast on Thursday, May 9, 2024 at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the Company’s first quarter 2024 results and business outlook.
  • A replay of the conference call will be available Thursday, May 9, 2024, beginning at 5:00 p.m. U.S. Central Time for seven days.

Primoris Services Corporation to Host 2024 Investor Day

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星期二, 四月 2, 2024
Engineering, Other Energy, Utilities, Manufacturing, Oil, Gas, Other Construction & Property, Residential Building & Real Estate, Energy, Commercial Building & Real Estate, Machinery, Construction & Property, Building Systems, Urban Planning, Other Manufacturing, Senior, PRIM, Primoris Services Corporation

Primoris Services Corporation (NYSE: PRIM) is hosting an Investor Day from New York City on Wednesday, April 3, 2024.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) is hosting an Investor Day from New York City on Wednesday, April 3, 2024.
  • ET.
  • The live webcast will be available to the public in the Investor Relations “Events & Presentations” section of Primoris’ website at www.prim.com .
  • The webcast replay, as well as the presentation materials, will be available on the Investor Relations webpage following the conclusion of the event.

Primoris Services Corporation to Provide Strategic Update and Financial Targets

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星期三, 三月 6, 2024
Oil, Gas, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Urban Planning, Other Technology, Telecommunications, Landscape, Other Energy, Utilities, Other Construction & Property, Engineering, PRIM, Primoris Services Corporation

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”), a leading provider of critical infrastructure services to the utility, energy, and renewables markets, announced today that it will host and webcast its 2024 Investor Day from the New York Stock Exchange on Wednesday, April 3, 2024.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”), a leading provider of critical infrastructure services to the utility, energy, and renewables markets, announced today that it will host and webcast its 2024 Investor Day from the New York Stock Exchange on Wednesday, April 3, 2024.
  • Senior management will present an updated overview of the Company’s strategic initiatives and multi-year financial targets and engage in a question-and-answer discussion.
  • The event will begin at approximately 10:00 a.m.
  • A link to register to attend the event in person is available under the “Events & Presentation” page.

Primoris Services Corporation Reports Fourth Quarter and Full Year 2023 Results

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星期一, 二月 26, 2024
Engineering, Other Energy, Utilities, Manufacturing, Oil, Gas, Other Construction & Property, Residential Building & Real Estate, Energy, Commercial Building & Real Estate, Machinery, Construction & Property, Building Systems, Urban Planning, Other Manufacturing, PLH, Master, Growth, Public utility, Primoris Services Corporation, PRIM, Safety, Income tax, Comm, Depreciation

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2023 and provided the Company’s initial outlook for 2024.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2023 and provided the Company’s initial outlook for 2024.
  • This allowed us to pay down $120 million of borrowings under our revolving credit facility in the 4th quarter.
  • Adjusted Net Income was $46.4 million, or $0.85 per diluted share, for the fourth quarter, a decrease of 7.6 percent compared to $50.2 million, or $0.93 per diluted share, for the fourth quarter of 2022.
  • Revenue and gross profit for the segments for the three months ended December 31, 2023 and 2022 were as follows:

Primoris Services Corporation Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast

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星期四, 二月 8, 2024
Oil, Gas, Building Systems, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Urban Planning, Telecommunications, Landscape, Other Energy, Utilities, Architecture, Other Construction & Property, Engineering, Central Time Zone, PRIM, Primoris Services Corporation, Webcast, Interest

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced it will report fourth quarter and full year 2023 financial results on Monday, February 26, 2024, after market close.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced it will report fourth quarter and full year 2023 financial results on Monday, February 26, 2024, after market close.
  • The Company’s press release will be available on the Primoris website at www.prim.com .
  • Interested parties are invited to dial-in at 1-888-330-3428, or from outside the U.S. at 1-646-960-0679, using access code: 7581464, or by asking for the Primoris conference call.
  • The replay of the webcast will also be available on the Company’s website following the end of the live call.

Primoris Services Corporation Receives Projects Valued at Approximately $1.1 Billion

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星期一, 二月 5, 2024
Engineering, Architecture, Other Energy, Utilities, Manufacturing, Oil, Gas, Other Construction & Property, Alternative Energy, Energy, Commercial Building & Real Estate, Construction & Property, Building Systems, Environment, Landscape, PRIM, Growth, Primoris Services Corporation, Natural gas

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced several awards with a combined value of approximately $1.1 billion secured by the Company’s Energy Segment.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced several awards with a combined value of approximately $1.1 billion secured by the Company’s Energy Segment.
  • The awards included more than $700 million for engineering, procurement and construction of utility-scale solar projects secured in the fourth quarter of 2023 and a natural gas repowering project with battery energy storage valued at more than $350 million awarded in the first quarter of 2024.
  • “Our strong client relationships and execution expertise continue to drive growth in our backlog of projects in the Energy segment,” said Tom McCormick, President and Chief Executive Officer of Primoris.
  • “These awards span across three states and will help to meet the energy needs of thousands of homes in the communities we serve.

Primoris Services Corporation Receives Projects Valued Over $800 Million

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星期四, 十二月 7, 2023
Oil, Gas, Building Systems, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Urban Planning, Telecommunications, Landscape, Other Energy, Architecture, Utilities, Other Construction & Property, Engineering, Primoris Services Corporation, NYSE, PRIM, Renewable energy

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it received several awards with a combined value over $800 million secured by the Company’s Energy Segment, including more than $300 million for engineering, procurement and construction of utility-scale solar projects.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it received several awards with a combined value over $800 million secured by the Company’s Energy Segment, including more than $300 million for engineering, procurement and construction of utility-scale solar projects.
  • “We continue to realize opportunities in our solar and industrial end markets based on long-standing customer relationships as well as the reputation and expertise of our project teams’ capabilities to successfully execute on clients’ projects,” said Tom McCormick, President and Chief Executive Officer of Primoris.
  • “These awards add to our already record 2023 in winning new work and include a mix of projects such as upgrades to natural gas facilities, renewable fuels production and solar power generation for both new and existing customers.
  • I want to applaud our teams’ diligence in securing these awards that extend our backlog into 2026.”
    The projects are scheduled to begin engineering and mobilization the fourth quarter of 2023 and early 2024.

Primoris Services Corporation to Participate in Investor Conferences

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星期一, 十一月 13, 2023
Oil, Gas, Building Systems, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Urban Planning, Telecommunications, Landscape, Other Energy, Utilities, Architecture, Other Construction & Property, Engineering, Primoris Services Corporation, NYSE, PRIM, Cryptocurrency

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that the Company’s management team will participate in two institutional investor conferences in November.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that the Company’s management team will participate in two institutional investor conferences in November.
  • UBS Industrials Summit – Palm Beach, Florida on November 29
    A copy of the Company’s most recent investor presentation will be available on the Company’s Investor Relations “Events and Presentations” section of its website, www.prim.com , prior to each conference.

Primoris Services Corporation Reports Third Quarter 2023 Results

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星期二, 十一月 7, 2023
Oil, Gas, Building Systems, Chemicals, Plastics, Commercial Building & Real Estate, Construction & Property, Energy, Manufacturing, Urban Planning, Other Manufacturing, Machinery, Landscape, Other Energy, Utilities, Other Construction & Property, Engineering, PRIM, NYSE, Tax, Acquisition, Public utility, PLH, Master, Growth, EPS, Health Care Service Corporation, Depreciation, Safety, Video game, Real estate, Primoris Services Corporation

Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2023 and provided comments on the Company’s operational performance and outlook for 2023.

Key Points: 
  • Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2023 and provided comments on the Company’s operational performance and outlook for 2023.
  • During the third quarter of 2023, net income was $48.1 million compared to net income of $43.0 million in the prior year.
  • Adjusted diluted EPS was $1.02 for the third quarter of 2023, compared to $1.12 for the third quarter of 2022.
  • Adjusted EBITDA was $120.0 million for the third quarter of 2023, compared to $109.0 million for the same period in 2022.