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) 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.
Primoris Services Corporation (NASDAQ: PRIM) has secured a $100 million thermal power project through its Energy/Renewables Segment. This project involves the engineering, procurement, and construction of 200 MW thermal power plants at two Southwest locations. Initial engineering and procurement will commence in Q3 2021, with project completion anticipated by Q2 2022. Primoris continues to diversify its portfolio, focusing on high-margin markets, enhancing long-term growth prospects.
Primoris Services Corporation (NASDAQ GS: PRIM) reported second quarter 2021 financial results, highlighting revenue of $881.6 million, a 3 percent decline from the previous year. The Utility Segment grew 25 percent, while the Energy/Renewables Segment increased 20 percent. Net income attributable to Primoris stood at $36.3 million, with earnings per share at $0.67. Backlog reached $2.9 billion. The company anticipates net income for the year to be between $2.30 and $2.50 per diluted share, considering dilution from a recent secondary offering.
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Primoris Services Corporation (NASDAQ: PRIM) has scheduled its second quarter 2021 financial results release for August 3, 2021, after market close. A conference call will follow on August 4, 2021, at 11:00 a.m. CT to discuss the results and financial outlook, featuring CEO Tom McCormick and CFO Ken Dodgen. Interested parties can join via phone or webcast. A replay will be available post-call for a week. For more details, visit www.primoriscorp.com.
Primoris Services Corporation (NASDAQ Global Select: PRIM) announced that its President and CEO, Tom McCormick, along with CFO Ken Dodgen, will participate in the CJS Securities 21st Annual New Ideas Summer Virtual Conference on July 13, 2021. A presentation will be available on the Company’s Investor Relations website before NASDAQ trading opens that day. Primoris, founded in 1960, is a leader in specialty contracting services across the U.S. and Canada, serving a diverse range of blue-chip clients.
Primoris Services Corporation (NASDAQ: PRIM) has announced that John Moreno, COO, and Ken Dodgen, CFO, will take part in investor meetings and a fireside chat at the Sidoti & Company LLC Virtual Investor Conference on June 24, 2021. This chat is set for 9:00 a.m. CT (10:00 a.m. ET). A live webcast will be accessible via the Primoris website, with a replay available three hours post-event for 30 days. Founded in 1960, Primoris is a leading provider of specialty contracting services across the U.S. and Canada.
Primoris Services Corporation (NASDAQ: PRIM) announced its participation in two upcoming virtual conferences: the UBS Global Industrials & Transportation Virtual Conference on June 9, 2021, and the Stifel Virtual Cross Sector Insight Conference on June 10, 2021. The Company’s presentation will be available on its Investor Relations website, www.primoriscorp.com, before NASDAQ trading opens on the days of the presentations. Founded in 1960, Primoris is a leading provider of specialty contracting services across the U.S. and Canada.
Primoris Services Corporation (NASDAQ: PRIM) has announced participation in the KeyBanc Capital Markets Industrials & Basic Materials Virtual Conference on June 2, 2021. Tom McCormick, President and CEO, along with Ken Dodgen, CFO, will represent the company. The presentation will be accessible on the company's Investor Relations website before NASDAQ trading opens that day. Founded in 1960, Primoris is a top provider of specialty contracting services across the U.S. and Canada, offering construction, fabrication, maintenance, and engineering services to a diverse client base.