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Stock impact report

Primoris Services Corp (PRIM) Reports Record Revenue and Backlog in 2023 Earnings [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
Backlog Expansion : Total backlog reached a new high of $10.9 billion, up nearly 20% from 2022. Net Income : Full-year net income decreased by 5.2% to $126.1 million, with EPS at $2.33. Adjusted EBITDA : Adjusted EBITDA for 2023 increased by 33.9% to $379.5 million. Capital Allocation : PRIM paid down $120 million of borrowings and declared a $0.06 per share dividend. 2024 Outlook : EPS is expected to be between $2.50 and $2.70, with Adjusted EBITDA forecasted between $395 to $415 million. Warning! GuruFocus has detected 9 Warning Signs with PRIM. On February 26, 2024, Primoris Services Corp ( NYSE:PRIM ) released its 8-K filing , announcing financial results for the fourth quarter and full year ended December 31, 2023, and providing an initial outlook for 2024. The company, a leading specialty contractor and infrastructure company in the United States, operates through three segments: Utility, Pipeline, and Energy/Renewables, with the latter earning the majority of the r Show less Read more
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