Primoris Services Corporation Announces 2019 Third Quarter Financial Results
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Primoris Services (PRIM) Tops Q3 EPS by 5c, Revenues Miss; Affirms FY19 EPS Guidance
November 4, 2019 6:03 AM ESTPrimoris Services (NASDAQ: PRIM) reported Q3 EPS of $0.70, $0.05 better than the analyst estimate of $0.65. Revenue for the quarter came in at $865 million versus the consensus estimate of $894.97 million.
Financial Highlights
2019 Q3 revenue of $865.1 million, compared to $908.9 million in 2018 Q3Record 2019 Q3 net income attributable to Primoris of $35.6 million, or $0.70 per fully diluted shareCompared to $32.7 million, or $0.63 per fully diluted share, in 2018 Q3, a 9.0% increase2019 Q3 SG&A 5.8% of revenue, compared to 2018 Q3 5.7% of revenueTotal Backlog of... More