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Stock impact report

Primoris Services Corporation Announces Utilities and Distribution Awards Valued Over $65 Million

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
DALLAS, April 10, 2018 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ Global Select:PRIM) (“Primoris” or “Company”) today announced two new pipeline awards valued over $65 million.  The contracts were secured by ARB Underground, part of the Utilities & Distribution segment.   These awards were signed in the first quarter of 2018. Both awards are with a major utility customer in Northern California.The first award consists of the installation of 20,000 feet of new 24” high pressure, steel pipeline for natural gas transmission. The project also includes two horizontal directional drills (“HDDs”) and six cased bores across intersections.The second award consists of the replacement of approximately 7,000 feet of existing 10” steel natural gas pipeline with a new 12” steel pipeline, the installation of a pipe span, and upgrades of services to commercial and residential customers.Work is scheduled to commence in the second quarter of 2018, and completion is expected in the fou Show less Read more
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