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Stock impact report

Primoris Services Corporation Reports Fourth Quarter and Full Year 2024 Results [Yahoo! Finance]

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: Yahoo! Finance
for its fourth quarter and full year ended December 31, 2024, and provided the Company's initial outlook for 2025. For the full year 2024, Primoris reported the following highlights Revenue of almost $6.4 billion, up $0.7 billion, or 11.4 percent, compared to the full year of 2023 driven primarily by strong growth in the Energy segment Net income of $180.9 million, or $3.31 per diluted share, up 43.4 percent from the full year of 2023 due to higher operating income and lower interest expense Record full year net cash provided by operating activities of $508.3 million, up $309.8 million from the full year of 2023, driven primarily by improved working capital and higher net income Record total backlog of $11.9 billion, up $1.0 billion or 8.9 percent from year end 2023, including total Master Service Agreements ("MSA") backlog of $5.8 billion Adjusted net income of $211.4 million, or $3.87 per diluted share, an increase of 36.7 percent from the full year of 2023 Adjusted ea Show less Read more
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