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 reports developments in critical infrastructure services for utility, energy, and renewables markets across the United States and Canada. The company provides engineering, construction, and maintenance services, with Utilities and Energy segment updates covering power delivery, natural gas and electric utility systems, communications infrastructure, utility-scale solar, renewables, natural gas generation, pipeline, and industrial work.
Recurring PRIM news centers on quarterly and annual results, backlog and Master Service Agreement backlog, segment revenue and margin trends, project cost performance, bidding activity, completed acquisitions, business outlooks, and investor conference participation.
Primoris Services Corporation (NASDAQ: PRIM) has secured two heavy civil project awards valued at over $520 million from the Louisiana Department of Transportation and Development. The projects include a $60 million highway construction on LA 3241, set to commence in Q4 2021 and complete by Q2 2023, and a $460 million elevated highway project on LA 1, starting in Q1 2022 and finishing by Q4 2027. These contracts bolster Primoris' Energy/Renewables backlog through 2027.
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 $130 million, awarded to its Energy/Renewables Segment. Construction is slated to commence in Q1 2022, aiming for completion by Q4 2022. CEO Tom McCormick emphasized the importance of repeat client business, showcasing strong customer relationships. This project marks their fourth collaboration with the client, reflecting their successful execution in the renewable energy sector.
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Primoris Services Corporation (NASDAQ: PRIM) announced participation in the Baird 2021 Global Industrial Virtual Conference on November 11, 2021. Tom McCormick, the CEO, and Ken Dodgen, the CFO, will engage in investor meetings and a fireside chat at 1:00 PM CT, exclusive to Baird clients. The presentation will be accessible on the Company’s Investor Relations website. Primoris is a leading specialty contractor providing critical infrastructure services across the U.S. and Canada, focusing on utilities, energy/renewables, and pipeline markets.
Primoris Services Corporation (NASDAQ: PRIM) announced the acquisition of seven heavy civil projects valued at over $115 million. These projects, secured by the Company’s Energy/Renewables Segment, will commence between the fourth quarter of 2021 and mid-2024. CEO Tom McCormick stated that these projects highlight Primoris's role in delivering essential infrastructure and renewable energy solutions for America's future. The Company continues to expand its presence in high-growth markets, enhancing its long-term growth potential.
Primoris Services Corporation (NASDAQ: PRIM) will release its third quarter 2021 financial results on November 8, 2021, after market close. A conference call is scheduled for November 9, 2021, at 9:00 a.m. Central Time, where management will discuss the results and update financial outlook. Interested parties can join via phone or webcast. The Company provides critical services to the utility and energy sectors across the US and Canada, focusing on infrastructure projects and higher-margin markets.
Primoris Services Corporation (NASDAQ: PRIM) announced that CEO Tom McCormick and CFO Ken Dodgen will participate in investor meetings and a fireside chat at the D|A| Davidson 20th Annual Diversified Industrials & Services Virtual Conference on September 22, 2021. The chat is set for 10:45 a.m. Central Time. A live webcast link and presentation will be available on the company's Investor Relations website. Primoris is a leading provider of specialty contracting services with a focus on utility, energy/renewables, and pipeline markets in the U.S. and Canada.
Primoris Services Corporation (NASDAQ: PRIM) announced that CEO Tom McCormick and CFO Ken Dodgen will participate in investor meetings and a fireside chat at the Morgan Stanley 9th Annual Laguna Virtual Investor Conference on September 15, 2021. The fireside chat is scheduled for 10:15 a.m. CT (11:15 a.m. ET). A copy of the presentation will be available on the Company’s Investor Relations website before NASDAQ trading opens. Primoris specializes in contracting and infrastructure services across the USA and Canada, focusing on high-growth sectors like utility-scale solar and telecom.
Primoris Services Corporation (NASDAQ: PRIM) has announced two new solar project contracts worth over $120 million, awarded to its Energy/Renewables Segment. These contracts stem from prior projects mentioned during the Q2 earnings call and are expected to enhance the company's backlog.
The first project is a utility-scale solar facility in the Southwest, starting construction in Q3 2021, aiming for completion in Q3 2022. The second project is a similar facility in the Midwest, with construction also beginning in Q3 2021 and completion anticipated in Q2 2022.