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Stock impact report

Primoris (PRIM) Q1 Earnings & Revenues Top, Up Y/Y, Stock Rise [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
Revenues also increased from the previous year. The company has been witnessing growing demand for Energy and Utilities services, thanks to progress being seen in the energy transition and infrastructure modernization of North America. Its solar and industrial businesses are also capitalizing on opportunities to help meet the growing demand for power generation, while the power delivery business supports the increased need for transmission and distribution services. Following the results, shares of PRIM rose 5.5%, during the trading session on May 8. Tom McCormick, president and chief executive officer of Primoris, said, “We maintain a strong backlog of work and expect to see new project awards accelerate in the coming quarters to further build our backlog and support revenue growth.” Earnings, Revenue & Backlog Discussion The company reported adjusted earnings per share (EPS) of 47 cents, handily surpassing the Zacks Consensus Estimate of 8 cents by 487.5%. The metric increa Show less Read more
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