Primoris Services (PRIM) Misses Q4 EPS by 3c
Primoris Services (NASDAQ: PRIM) reported Q4 EPS of $0.28, $0.03 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $601.9 million versus the consensus estimate of $542.42 million.
- 2016 Q4 revenues of $601.9 million, compared to 2015 Q4 revenues of $497.1 million
- 2016 Q4 net income attributable to Primoris of $14.5 million, compared to 2015 Q4 net income attributable to Primoris of $12.6 million
- 2016 revenues of $1,996.9 million, compared to 2015 revenues of $1,929.4 million
- 2016 net income attributable to Primoris of $26.7 million, compared to 2015 net income attributable to Primoris of $36.9 million
- A total backlog of $2.80 billion at December 31, 2016
- A 34% increase over 2015's year-end total backlog and
- A 4% sequential quarterly increase over third quarter 2016's total backlog
- A cash balance of $135.8 million at December 31, 2016
- A record tangible net worth of $337.3 million at December 31, 2016, a 5% increase over tangible net worth at December 31, 2015.
For earnings history and earnings-related data on Primoris Services (PRIM) click here.
