Primoris Services Corporation (PRIM) Income Statement Analysis

See more : Namyong Terminal Public Company Limited (NYT.BK) Income Statement Analysis – Financial Results

Complete financial analysis of Primoris Services Corporation (PRIM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Primoris Services Corporation, a leading company in the Engineering & Construction industry within the Industrials sector.

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Primoris Services Corporation (PRIM)

Industry: Engineering & Construction

Sector: Industrials

Website: https://www.primoriscorp.com

About Primoris Services Corporation

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	5.72B	4.42B	3.50B	3.49B	3.11B	2.94B	2.38B	2.00B	1.93B	2.09B	1.94B	1.54B	1.46B	941.77M	467.01M	609.07M	0.00
Cost of Revenue	5.13B	3.96B	3.08B	3.12B	2.78B	2.61B	2.10B	1.80B	1.71B	1.85B	1.69B	1.35B	1.27B	818.98M	391.44M	538.63M	0.00
Gross Profit	587.49M	456.89M	416.66M	370.21M	330.93M	325.74M	278.43M	201.31M	219.87M	236.04M	256.02M	192.71M	185.20M	122.79M	75.58M	70.44M	0.00
Gross Profit Ratio	10.28%	10.34%	11.91%	10.60%	10.65%	11.08%	11.70%	10.08%	11.40%	11.31%	13.17%	12.50%	12.68%	13.04%	16.18%	11.57%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	182.01M	172.15M	140.84M	152.10M	132.25M	130.78M	96.42M	86.20M	64.99M	34.78M	500.17K	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	31.02M	0.00
SG&A	328.73M	281.58M	230.11M	202.84M	190.05M	182.01M	172.15M	140.84M	152.10M	132.25M	130.78M	96.42M	86.20M	64.99M	34.78M	31.52M	230.00K
Other Expenses	0.00	2.07M	299.00K	1.23M	-3.13M	-808.00K	484.00K	-315.00K	1.72M	-757.00K	4.80M	-870.00K	0.00	0.00	0.00	0.00	0.00
Operating Expenses	328.73M	281.58M	230.11M	202.84M	190.05M	182.01M	172.15M	140.84M	152.10M	132.25M	130.78M	96.42M	86.20M	64.99M	34.78M	31.52M	230.00K
Cost & Expenses	5.46B	4.25B	3.31B	3.32B	2.97B	2.80B	2.27B	1.94B	1.86B	1.98B	1.82B	1.45B	1.36B	883.96M	426.22M	570.15M	230.00K
Interest Income	0.00	0.00	0.00	376.00K	955.00K	1.75M	587.00K	149.00K	56.00K	88.00K	110.00K	157.00K	331.00K	616.00K	640.00K	6.13K	1.75M
Interest Expense	78.17M	39.21M	18.50M	20.30M	20.10M	18.75M	8.15M	8.91M	7.69M	6.43M	5.89M	3.62M	5.43M	6.20M	1.98M	856.00K	1.77M
Depreciation & Amortization	107.04M	99.16M	105.56M	82.50M	85.40M	79.25M	66.30M	68.03M	65.20M	58.42M	49.89M	35.62M	33.80M	24.48M	8.66M	6.67M	0.00
EBITDA	357.55M	301.73M	276.75M	242.23M	218.81M	208.22M	179.73M	125.82M	133.99M	167.18M	175.36M	131.35M	135.97M	86.36M	58.75M	50.18M	-230.00K
EBITDA Ratio	6.26%	6.26%	8.36%	7.20%	7.21%	7.62%	7.30%	6.43%	6.98%	8.00%	9.01%	8.52%	7.08%	9.29%	12.60%	8.01%	0.00%
Operating Income	253.07M	195.34M	170.15M	163.95M	140.88M	130.47M	106.29M	57.75M	67.77M	103.79M	125.24M	96.29M	99.00M	57.80M	40.40M	34.87M	-230.00K
Operating Income Ratio	4.43%	4.42%	4.86%	4.70%	4.54%	4.44%	4.47%	2.89%	3.51%	4.98%	6.44%	6.25%	6.78%	6.14%	8.65%	5.73%	0.00%
Total Other Income/Expenses	-75.40M	-36.05M	-18.29M	-18.31M	-22.97M	-17.11M	-1.01M	-8.88M	-6.67M	-1.46M	-5.66M	-4.18M	-2.27M	-2.13M	7.71M	6.39M	29.21M
Income Before Tax	177.67M	159.29M	151.86M	145.64M	117.91M	113.36M	105.28M	48.87M	61.10M	102.33M	119.58M	92.10M	96.73M	55.68M	48.11M	41.26M	424.06K
Income Before Tax Ratio	3.11%	3.60%	4.34%	4.17%	3.80%	3.86%	4.42%	2.45%	3.17%	4.91%	6.15%	5.97%	6.62%	5.91%	10.30%	6.77%	0.00%
Income Tax Expense	51.52M	26.27M	36.12M	40.66M	33.81M	25.77M	28.43M	21.15M	23.95M	38.65M	44.90M	33.84M	38.17M	22.06M	18.35M	4.83M	72.95K
Net Income	126.15M	133.02M	115.74M	104.98M	82.33M	77.46M	72.35M	26.72M	36.87M	63.16M	69.66M	56.76M	58.56M	33.62M	25.91M	36.43M	351.10K
Net Income Ratio	2.21%	3.01%	3.31%	3.01%	2.65%	2.64%	3.04%	1.34%	1.91%	3.03%	3.58%	3.68%	4.01%	3.57%	5.55%	5.98%	0.00%
EPS	2.37	2.50	2.19	2.17	1.62	1.51	1.41	0.52	0.71	1.22	1.35	1.10	1.15	0.79	0.81	1.39	0.07
EPS Diluted	2.33	2.47	2.17	2.16	1.61	1.50	1.40	0.51	0.71	1.22	1.35	1.10	1.14	0.72	0.75	1.29	0.07
Weighted Avg Shares Out	53.30M	53.20M	52.67M	48.30M	50.78M	51.35M	51.48M	51.76M	51.65M	51.61M	51.54M	51.39M	50.71M	42.69M	31.94M	26.26M	3.21M
Weighted Avg Shares Out (Dil)	54.22M	53.76M	53.16M	48.63M	51.08M	51.67M	51.74M	51.99M	51.80M	51.75M	51.61M	51.41M	51.15M	46.88M	34.42M	28.16M	3.21M

Primoris Services Corporation to Participate in Investor Conferences

November 25, 2024businesswire.com

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that the Company's management team will participate in two institutional investor conferences in December 2024 and one in January 2025. UBS Global Industrials and Transportation Conference – Palm...

Heavy Construction Industry Gains Momentum: 5 Stocks to Watch

November 15, 2024zacks.com

Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, MTZ, GVA, PRIM and GLDD from the Zacks Building Products - Heavy Construction industry.

Primoris Services Corporation (PRIM) Q3 2024 Earnings Call Transcript

November 5, 2024seekingalpha.com

Primoris Services Corporation (NYSE:PRIM ) Q3 2024 Results Conference Call November 5, 2024 10:00 AM ET Company Participants Blake Holcomb - Vice President, Investor Relations Tom McCormick - President and Chief Executive Officer Ken Dodgen - Chief Financial Officer Conference...

Primoris Services (PRIM) Q3 Earnings and Revenues Top Estimates

November 4, 2024zacks.com

Primoris Services (PRIM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.02 per share a year ago.

Primoris Services Corporation Reports Third Quarter 2024 Results

November 4, 2024businesswire.com

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the third quarter of 2024,...

Primoris Services Corporation Schedules Third Quarter 2024 Earnings Conference Call and Webcast

October 22, 2024businesswire.com

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today it will report third quarter 2024 financial results on Monday, November 4, 2024, after market close. The Company's press release will be available on the Primoris website at...