Primoris Services (PRIM) Misses Q3 EPS by 17c

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Go back to Primoris Services (PRIM) Misses Q3 EPS by 17c

Primoris Services Corporation Announces 2016 Third Quarter Financial Results

November 8, 2016 6:30 AM EST

DALLAS, TX -- (Marketwired) -- 11/08/16 --

Financial Highlights

2016 Q3 revenues of $507.8 million, a 9% decrease over 2015 Q32016 Q3 SG&A of $36.0 million, a 7% improvement over 2015 Q32016 YTD SG&A improvement of $9.7 million2016 Q3 net income attributable to Primoris of $4.5 million, a 76% decrease over 2015 Q3. Earnings per share of $0.09 decreased by $0.28 from 2015 Q3. 2016 Q3 net income includes significant, unusual events:$37.3 million pre-tax charge for the Texas Heavy Civil unit planned for... More