Primoris Services Corporation Reports Third Quarter 2024 Results [Yahoo! Finance]
Primoris Services Corporation (PRIM)
Last primoris services corporation earnings: 2/25 06:30 am
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investor.primoriscorp.com
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Source: Yahoo! Finance
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 reported the following highlights Revenue of $1,649.1 million, up $119.6 million, or 7.8 percent, compared to the third quarter of 2023 driven by strong growth in both the Energy and Utilities segments; Net income of $58.4 million, or $1.07 per diluted share, an increase of $10.3 million, or $0.18 per diluted share, from the third quarter of 2023; Record backlog of $11.3 billion driven by strong renewables and industrial bookings in the Energy segment; Adjusted net income of $66.7 million, or $1.22 per diluted share, an increase of $11.4 million, or $0.20 per diluted share, from the third quarter of 2023; Adjusted earnings before interest, income taxes, depreciation, and amortization ("Adjusted EBITDA") of $127.7 million, up $7.7 million, or 6.4 percent, from the third quarter of 2023; Raising EPS and
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News
- Zacks Industry Outlook Highlights EMCOR, MasTec, Granite Construction, Primoris and Great Lakes Dredge & Dock [Yahoo! Finance]Yahoo! Finance
- 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
PRIM
Earnings
- 11/4/24 - Beat
PRIM
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- PRIM's page on the SEC website