Primoris Services (PRIM) Receives $10M+ Engineering Award

October 20, 2016 7:38 AM EDT

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Primoris Services Corporation (Nasdaq: PRIM) announced a design award valued at over $10 million with a major petroleum company. The contract was secured by Primoris' OnQuest, part of the Energy segment.

  • The award is for the design and supply of three heaters to a refinery on the Gulf Coast near Houston, Texas.
  • The new heaters will assist in lowering the sulphur content in gasoline, helping the refinery meet the EPA's new Tier 3 regulations.
  • Work on this project is scheduled to begin in the fourth quarter of 2016, and completion is expected in early 2018.

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