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

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

Primoris Services Corporation Announces 2018 Third Quarter Financial Results

November 6, 2018 6:00 AM EST

Board of Directors Declares $0.06 Per Share Cash Dividend

Financial Highlights

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 expenses at 5.7% of revenue an improvement of 1.3% over 2017 Q3 at 7.0% of revenueTotal backlog of $2.7 billion at September 30, 2018, compared to $2.6 billion at December 31, 2017... More