Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 11.3% over the past six months. This performance was worse than the S&P 500’s 5.7% loss.
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or “the Company”) today announced it will report first quarter 2025 financial results on Monday, May 5, 2025, after market close. The Company’s press release will be available on the Primoris website at www.prim.com.
Primoris has followed the market’s trajectory closely. The stock is down 15.9% to $52.45 per share over the past six months while the S&P 500 has lost 11%. This might have investors contemplating their next move.
A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
Stocks that outperform the market usually share key traits such as rising sales, expanding margins, and increasing returns on capital.
The select few that can do all three for many years are often the ones that make you life-changing money.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and maintenance services industry, including APi (NYSE:APG) and its peers.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the construction and maintenance services stocks, including Primoris (NYSE:PRIM) and its peers.
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced that David King, Chairman and our prior Chief Executive Officer, has been named Interim President and Chief Executive Officer. David will succeed Tom McCormick, who will be separating from the Company effective March 20, 2025. The Board is conducting a search process to identify a permanent CEO, which will include internal and external candidates.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or “the Company”) announced today that the Company’s management team will participate in two institutional investor conferences in March.
Shares of infrastructure construction company Primoris (NYSE:PRIM)
jumped 10.5% in the pre-market session after the company reported impressive fourth-quarter results that exceeded analysts' backlog, revenue, EPS, and EBITDA estimates. Revenue grew by 14.9% y/y, driven primarily by strong performance in the Energy and Utilities segments.
Operating income saw a modest increase, as gross margins in the utilities segment improved significantly.
Looking ahead, full-year EPS and EBITDA guidance exceeded Wall Street estimates, as the company ended the year with a record backlog of $11.9 billion, an 8.9% increase from the prior year. Overall, it was a strong quarter.
Infrastructure construction company Primoris (NYSE:PRIM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.9% year on year to $1.74 billion. Its non-GAAP profit of $1.13 per share was 51.2% above analysts’ consensus estimates.
As the regular session of the US market concludes on Monday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2024, and provided the Company’s initial outlook for 2025.
The heavy construction space has been navigating challenges, such as high interest rates, labor market competition, and rising costs. Despite these factors, the industry's outlook has remained strong. Thus, here are some stocks to keep an eye on.
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or “the Company”) today announced it will report fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after market close. The Company’s press release will be available on the Primoris website at www.prim.com.
