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Primoris Services Corporation Announces 2019 Third Quarter Financial Results

Primoris Services Corporation (PRIM) 
Last primoris services corporation earnings: 2/25 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.primoriscorp.com
Company Research Source: GlobeNewswire
Board of Directors Declares $0.06 Per Share Cash DividendAuthorizes $50 Million Share Repurchase Plan Financial Highlights 2019 Q3 revenue of $865.1 million, compared to $908.9 million in 2018 Q3Record 2019 Q3 net income attributable to Primoris of $35.6 million, or $0.70 per fully diluted share Compared to $32.7 million, or $0.63 per fully diluted share, in 2018 Q3, a 9.0% increase 2019 Q3 SG&A 5.8% of revenue, compared to 2018 Q3 5.7% of revenueTotal Backlog of $3.2 billion at September 30, 2019, a 16.3% increase over December 31, 2018Successful resolution of various claims in the Civil segmentStrong Cash Flows from OperationsReaffirmed 2019 EPS Guidance DALLAS, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or “Company”) today announced financial results for its third quarter ended September 30, 2019. The Company also announced that on October 31, 2019 its Board of Directors authorized a $50 million share repurchase plan and dec Show less Read more
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