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 participation in two major virtual conferences: the DA Davidson Inaugural EV & Energy Transition Conference on March 22, 2022, and the UBS 16th Annual Infrastructure Solutions Conference on March 23, 2022. Executives Tom McCormick and Ken Dodgen will represent the company. Presentation materials will be available on the company's website before market opening on each respective day. Primoris is a leading provider of specialty contracting services in the energy and utilities sectors across the U.S. and Canada.
Primoris Services Corporation (NASDAQ GS: PRIM) reported strong financial results for 2021, with revenue reaching $3.5 billion, a 10% increase in net income to $115.6 million, and adjusted EPS of $2.70. The Utilities segment saw a 21% revenue increase, partly due to the Future Infrastructure Holdings acquisition. The company's backlog hit a record $4 billion, up 44% year-over-year. Despite challenges from weather and supply chain issues, Primoris maintained a quarterly dividend of $0.06. The outlook for 2022 includes projected net income per share between $2.10 and $2.30.
Primoris Services Corporation (NASDAQ: PRIM) has announced two new projects worth over $75 million, secured under its Energy/Renewables Segment in the Gulf Coast region. The projects include the construction of a dam in Florida and the mechanical scope for a hydrogen-producing Steam Methane Reformer (SMR), the largest unit operated by its customer in the region. Work is set to begin in Q1 2022, with completion expected by Q1 2023.
Primoris Services Corporation (NASDAQ: PRIM) plans to release its fourth quarter and full year 2021 financial results on February 28, 2022, after market close. A conference call will be held on March 1, 2022, at 9:00 a.m. CT to discuss these results and provide a financial outlook. Primoris is a leading specialty contractor in the utility and energy sectors, focusing on infrastructure services. The company highlights growth opportunities in higher-margin markets including renewable energy.
Primoris Services Corporation (NASDAQ: PRIM) has announced that President and CEO Tom McCormick, and CFO Ken Dodgen, will be attending the Sidoti & Company, LLC 2022 Winter Virtual Investor Conference on January 19, 2022. The fireside chat is set for 9:30 AM CT (10:30 AM ET). A presentation will be available on the Company’s Investor Relations website before market opening. Primoris provides specialty contracting and critical infrastructure services across the U.S. and Canada, focusing on renewable energy and utility projects.
Primoris Services Corporation (NASDAQ: PRIM) has secured a solar contract valued over $370 million from its Energy/Renewables Segment. This contract boosts their solar project backlog to exceed $1 billion. Construction is set to begin in Q2 2022, with completion anticipated by Q4 2023. The company’s diversified services in utility, energy/renewables, and pipeline markets position it for long-term growth.
Primoris Services Corporation (NASDAQ: PRIM) announced its participation in the CJS Securities 22nd Annual New Ideas for the New Year Virtual Investor Conference on January 12, 2022. President & CEO Tom McCormick and CFO Ken Dodgen will engage in investor meetings and a fireside chat at 1:20 p.m. Central Time. The presentation will be available on the company's Investor Relations website before NASDAQ trading opens that day. Primoris specializes in critical infrastructure services for the utility and energy sectors across the U.S. and Canada.
Primoris Services Corporation (NASDAQ: PRIM) has secured two Master Service Agreements (MSAs) worth over $225 million for gas distribution projects in California. These agreements, one spanning two years and the other five years, highlight the company's long-standing relationships with major utilities. The MSAs are set to expand Primoris's portfolio into 2026, supporting its growth in critical infrastructure services across the energy and utility sectors.
Primoris Services Corporation (NASDAQ: PRIM) has secured two heavy civil project awards totaling over $32 million from the Texas Department of Transportation. The first project entails highway construction in Bell County, set to start in Q1 2022 and finish in Q2 2024. The second project involves a bridge replacement in Harris County, expected to be completed by Q2 2023. These projects align with Primoris' strategic focus on critical infrastructure services and expansion into higher-margin markets.
Primoris Services Corporation (NASDAQ: PRIM) announced two significant solar project awards valued at $425 million through its Energy/Renewables Segment. These contracts aim to enhance the company's solar project backlog, targeting $1 billion as previously discussed in earnings. Construction will initiate in Q2 2022, with project completion projected for Q3 2023. Primoris specializes in infrastructure services across the utility and energy sectors throughout the U.S. and Canada, emphasizing growth in utility-scale solar and other renewable markets.