Primoris Svcs Corp Stock Price, News & Analysis

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.

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.

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.