Primoris Services Corporation Announces 2018 Third Quarter Financial Results

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Primoris Services (PRIM) Tops Q3 EPS by 4c, Revenues Beat; Offers FY18 EPS Guidance Above Consensus

November 6, 2018 6:12 AM EST

Primoris Services (NASDAQ: PRIM) reported Q3 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $908.9 million versus the consensus estimate of $804.93 million.

2018 Q3 revenues of $908.9 million, record level and a 49% increase over 2017 Q3 revenues2018 Q3 operating income of $51.1 million, a 83% increase over 2017 Q3 operating income2018 Q3 net income attributable to Primoris of $32.7 million, or $0.63 per fully diluted share, a record level and a 59% increase over 2017 Q3 net income attributable to Primoris2018 Q3 SG&A... More