Primoris Services Corporation Announces 2019 First Quarter Financial Results
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Primoris Services (PRIM) Tops Q1 EPS by 3c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Above Consensus
May 7, 2019 6:13 AM EDTPrimoris Services (NASDAQ: PRIM) reported Q1 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $661.6 million versus the consensus estimate of $629.35 million.
Financial Highlights
2019 Q1 revenue of $661.6 million, compared to $504.1 million in 2018 Q12019 Q1 MSA revenue of $292.9 million, a 100% increase over 2018 Q1 MSA revenue2019 Q1 net income attributable to Primoris of $1.9 million, or $0.04 per fully diluted share, compared to $0.7 million, or $0.01 per fully diluted share, in 2018 Q12019 Q1 SG&A 6.5% of revenue, compared to 2018 Q1 7.3% of revenueRecord Total Backlog of... More