Primoris Services Corporation Announces Utility Award Valued at $105 Million
Primoris Services Corporation (PRIM)
Last primoris services corporation earnings: 2/25 06:30 am
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Source: GlobeNewswire
DALLAS, April 28, 2020 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced the renewal of a Master Service Agreement (“MSA”) with a major utility customer with a three year anticipated value of $105 million. The contract was secured by Q3 Contracting, part of the Utilities & Distribution segment. The award is a three-year agreement for the construction and installation of electric cable and natural gas mains and services in the Western region of the U.S.It is estimated that the MSA will generate approximately $35 million per year over the course of the contract. While the agreement does not obligate the customer to award Primoris a specific dollar amount, our discussions and history with the customer form the basis for our anticipated value. ABOUT PRIMORISFounded in 1960, Primoris, through various subsidiaries, has grown to become one of the leading providers of specialty contracting services operating mainly in
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PRIM
News
- Primoris Services Co. (NASDAQ: PRIM) had its price target raised by analysts at UBS Group AG from $75.00 to $100.00. They now have a "buy" rating on the stock.MarketBeat
- Earnings Beat: Primoris Services Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- Primoris Services Co. (NASDAQ: PRIM) had its price target raised by analysts at DA Davidson from $60.00 to $85.00. They now have a "buy" rating on the stock.MarketBeat
- Primoris Services Co. (NASDAQ: PRIM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $51.00 to $78.00. They now have a "neutral" rating on the stock.MarketBeat
- Primoris Services Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
PRIM
Earnings
- 11/4/24 - Beat
PRIM
Sec Filings
- 11/13/24 - Form 144
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- PRIM's page on the SEC website