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 (NYSE: PRIM) is a specialty contractor that provides critical infrastructure services to the utility, energy, and renewables markets throughout the United States and Canada. This news page aggregates company announcements, earnings releases, and other updates so readers can follow how Primoris’ Utilities and Energy segments are performing over time.
Public releases from Primoris frequently highlight quarterly financial results, including revenue trends, segment performance, and the use of non-GAAP measures such as Adjusted Net Income, Adjusted EPS, and Adjusted EBITDA. These updates also discuss factors affecting margins and growth, such as increased activity in power delivery, gas operations, communications, renewable energy, and industrial projects, as well as changes in pipeline activity and project closeouts.
News items also cover corporate developments, including the appointment of senior executives, outcomes of annual stockholder meetings, and decisions by the Board of Directors regarding cash dividends and share purchase authorizations. In addition, Primoris regularly announces its participation in institutional investor conferences focused on energy, clean technology, utilities, and diversified industrials, providing insight into how the company engages with the investment community.
Investors and other interested readers can use this page to review historical and recent press releases related to Primoris’ financial performance, backlog updates, capital allocation decisions, and leadership changes. By following these company-generated news items, users gain context on how Primoris positions its Utilities and Energy segments, its role in utility-scale solar and natural gas power generation projects, and its broader activities in power delivery, communications, and transportation infrastructure.
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.
Primoris Services Corporation (NASDAQ: PRIM) has secured a solar contract valued over $155 million, awarded to its Power, Industrial, & Engineering segment. The project involves engineering, procurement, and construction of a utility-scale solar facility in the Southwest. Initial work commenced in Q1 2020, with completion expected by Q4 2021. This contract enhances Primoris’ position in the renewable energy sector, showcasing its capabilities in large-scale construction projects.
Primoris Services Corporation (NASDAQ: PRIM) has secured three new utility contracts valued at over $45 million. These contracts, awarded to ARB Underground within the Utilities & Distribution segment, involve gas pipe replacement in Southern California and power line replacement in Northern California. The projects are set to commence in Q2 2020 and are expected to be completed by Q2 2021.
Primoris Services Corporation (NASDAQ: PRIM) announced a Limited Notice to Proceed (LNTP) for a solar project valued at $10 million, with an expected final contract worth over $100 million. This contract, secured by Primoris Renewable Energy, involves initial engineering work on a utility-scale solar facility in the Southwest. The project’s construction is anticipated to complete by Q3 2021, marking a significant opportunity for Primoris in the renewable energy sector.
Primoris Services Corporation (NASDAQ: PRIM) is participating in three upcoming investor conferences. The management will present at the KeyBanc Capital Markets Industrials & Basic Materials Virtual Conference on May 28, followed by the UBS Global Industrials & Transportation Virtual Conference on June 2, and the Stifel Cross Sector Insight Virtual Conference on June 9. Presentations will be available for download on the Investor Relations section of their website, www.prim.com.
Primoris Services Corporation (NASDAQ: PRIM) announced two significant industrial awards totaling over $62 million. The first contract involves the construction of the OSBL portion of a renewable diesel expansion project in Louisiana, set to start in Q2 2020 and finish by Q3 2021. The second contract is for the civil work of an air separation unit expansion in Texas, aiming to reduce NOx and CO2 emissions, with completion expected by Q3 2020.
Primoris Services Corporation (NASDAQ: PRIM) has secured a significant contract valued at over $200 million for the engineering, procurement, and construction of a renewable fuels facility in Bakersfield, California. The facility will produce renewable diesel from organic feedstocks, contributing to lower greenhouse gas emissions. This project, awarded to ARB Industrial, involves extensive upgrades and is set for completion in the third quarter of 2022.