Shares of infrastructure construction company Primoris (NYSEPRIM)
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 (NYSEPRIM) 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 (NYSEPRIM) (“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 (NYSEPRIM) (“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.
(NYSEPRIM) (“Primoris” or “the Company”), a premier specialty contractor providing critical infrastructure services, announced today that Jeremy Kinch, previously President of Energy, has been promoted to Chief Operations Support Officer. In this new role, Mr. Kinch will oversee operational support functions including information technology, real estate, fleet, project services and health, safety and environment.
As the Q3 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 (NYSEAPG) and its peers.
What a fantastic six months it’s been for Primoris. Shares of the company have skyrocketed 61.3%, hitting $76.80. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
As the Q3 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 Orion (NYSEORN) and its peers.
Let’s dig into the relative performance of Matrix Service (NASDAQMTRX) and its peers as we unravel the now-completed Q3 construction and maintenance services earnings season.
Looking back on construction and maintenance services stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Primoris (NYSEPRIM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the construction and maintenance services industry, including Limbach (NASDAQLMB) and its peers.
Primoris Services Corporation (NYSEPRIM) (“Primoris” or the “Company”) announced today that the Company’s management team will participate in two institutional investor conferences in December 2024 and one in January 2025.
Civil infrastructure company Construction Partners (NASDAQROAD)
will be reporting earnings tomorrow before the bell. Here’s what investors should know.
