Primoris Services Corporation Announces Utilities and Distribution Award Valued at $40 Million
Primoris Services Corporation (PRIM)
Last primoris services corporation earnings: 2/25 06:30 am
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Source: GlobeNewswire
DALLAS, March 22, 2018 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ:PRIM) (“Primoris” or “Company”) today announced an extension of a Master Services Agreement (“MSA”) with an anticipated value of $40 million. The contract was secured by ARB Underground, part of the Utilities & Distribution segment. The award is an eighteen month extension of an existing MSA contract with a major utility customer in Northern California.The work includes replacement in urban areas of existing low pressure gas distribution mains, services, valves, meters, crew oversite, and all other required work, including street and landscape repairs.Primoris’ MSA backlog includes four quarters of estimated revenues from MSA contracts. This MSA extension is expected to generate approximately $25 million over the next four quarters. While the MSA does not obligate the customer to award Primoris a specific dollar amount, our discussions with the customer and our history with similar clients form
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PRIM
Earnings
- 2/26/24 - Beat
PRIM
Sec Filings
- 5/3/24 - Form 8-K
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- PRIM's page on the SEC website