Primoris Services Corporation Announces 2019 Fourth Quarter and Full Year Financial Results
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Primoris Services (PRIM) Reports In-Line Q4 EPS, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus
February 25, 2020 6:37 AM ESTPrimoris Services (NASDAQ: PRIM) reported Q4 EPS of $0.53, in-line with the analyst estimate of $0.53. Revenue for the quarter came in at $789.8 million versus the consensus estimate of $833.12 million.
2019 Q4 Financial Highlights
2019 Q4 revenue of $789.8 million, compared to $877.7 million in 2018 Q42019 Q4 net income attributable to Primoris of $26.9 million, or $0.53 per fully diluted share, compared to $32.4 million, or $0.63 per fully diluted share, in 2018 Q42019 Q4 cash flows from operations of $158.1 millionTom McCormick, President and Chief Executive Officer of Primoris, commented, Im very pleased with Primoris finish to 2019,... More
