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Stock impact report

Primoris Services Corporation Reports First Quarter 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
its first quarter ended March 31, 2024 and provided comments on the Company's operational performance and outlook for 2024. For the first quarter of 2024, Primoris reported the following highlights Revenue of $1,412.7 million, up $155.8 million, or 12.4 percent, compared to the first quarter of 2023 primarily driven by strong growth in utility-scale solar and industrial construction within the Energy segment; Net income of $18.9 million, or $0.35 per diluted share, up $17.6 million, or $0.33 per diluted share, from the first quarter of 2023; Adjusted net income of $25.8 million, or $0.47 per diluted share, an increase of $15.9 million, or $0.29 per diluted share, from the first quarter of 2023; Total backlog of $10.6 billion, down $0.3 billion from the fourth quarter of 2023, including total Master Service Agreements ("MSA") backlog of $5.8 billion; Adjusted earnings before interest, income taxes, depreciation and amortization ("Adjusted EBITDA") of $73.8 million, up $21.0 Show less Read more
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