Primoris Svcs Corp Stock Price, News & Analysis

Primoris Services Corporation (NASDAQ: PRIM) has announced the renewal of a Master Service Agreement (MSA) valued over $110 million with a major energy customer, focusing on pipeline maintenance in the Canadian oil sands. The MSA, which was signed in Q3 2020, is expected to generate approximately $22 million annually over five years. Although the agreement does not guarantee a specific dollar amount, prior discussions suggest a solid financial basis for the anticipated revenue.

Primoris Services Corporation (NASDAQ: PRIM) is participating in three investor conferences in September 2020. Management will attend the Morgan Stanley 8th Annual Laguna Conference on September 17, the D.A. Davidson 19th Annual Diversified Industrials & Services Conference on September 24, and the Sidoti Fall 2020 Investor Conference also on September 24. All conferences will be virtual. Presentations will be available for download on the Company's website under the Investor Relations section before the events.

Primoris Services Corporation (NASDAQ: PRIM) has secured two significant civil contracts valued at over $76 million from the Texas Department of Transportation. The projects include expanding a four-lane highway to six lanes, enhancing bridge structures, and upgrading a two-lane county road to a four-lane road with new drainage facilities. Work is set to begin in Q3 2020 and is anticipated for completion by Q3 2023, further solidifying Primoris's position in specialty contracting services in the U.S. and Canada.

Primoris Services Corporation announced a new $30 million heavy civil contract awarded by the Texas Department of Transportation.

Located in Pearland, TX, the project entails reconstructing and extending a roadway, with work set to begin in Q3 2020 and finish by Q3 2022. Primoris, a leading provider of specialty contracting services in the U.S. and Canada, continues to expand its project portfolio, reinforcing its position in the construction sector.

Primoris Services Corporation (NASDAQ: PRIM) announced two solar project awards valued at over $60 million, secured by its Power, Industrial, & Engineering segment. The projects involve engineering, procurement, and construction for utility-scale solar facilities in the southern U.S. Work is set to begin in Q3 2020, with completion expected by Q3 2021. The company operates in the specialty contracting sector across the U.S. and Canada, providing various construction and engineering services to a diversified customer base.

DALLAS, July 13, 2020 – Primoris Services Corporation (PRIM) will participate in the CJS Securities 20th Annual New Ideas Summer Conference on July 14, 2020. The event will be held virtually. A copy of Primoris’ presentation will be available for download on the morning of the conference. Interested participants can access it via the Investor Relations section of the company's website at www.prim.com. Primoris, founded in 1960, is a leading provider of specialty contracting services across the US and Canada, offering a variety of engineering, maintenance, and construction services.

Primoris Services Corporation (NASDAQ: PRIM) announced a significant pipeline award exceeding $100 million, secured by its Pipeline & Underground segment. This contract, signed in Q2 2020, involves the installation of over 80,000 feet of pipeline in Texas, with work beginning in Q3 2020 and completion anticipated by Q2 2021.

Founded in 1960, Primoris is a leading provider of specialty contracting services across the U.S. and Canada, offering services in construction, maintenance, fabrication, and engineering.

Primoris Services Corporation (NASDAQ: PRIM) has secured a significant heavy civil contract worth over $55 million from the United States Army Corps of Engineers. Located in southeastern Louisiana, the project involves the construction of a flood control channel, including three bridges spanning a four-lane highway and railway track. Scheduled to commence in the second quarter of 2020, the project aims for completion by the fourth quarter of 2021.

Primoris Services Corporation (NASDAQ: PRIM) has secured a significant solar contract valued at over $95 million for a utility-scale facility in the Southwest, awarded to its Power, Industrial, & Engineering segment. This award follows a previous Limited Notice to Proceed of approximately $10 million announced on June 1. Work is set to begin in the third quarter of 2020 with completion expected by the end of 2021. This move reinforces Primoris's position in specialty contracting services across the U.S. and Canada.