Primoris Services (PRIM) Reports In-Line Q4 EPS, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus
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Primoris Services Corporation Announces 2019 Fourth Quarter and Full Year Financial Results
February 25, 2020 6:30 AM ESTBoard of Directors Declares $0.06 Per Share Cash DividendAuthorizes $25 Million Share Repurchase Program
2019 Full Year Financial Highlights
Record 2019 revenue of $3.1 billion, compared to $2.9 billion in 2018Record 2019 net income attributable to Primoris of $82.3 million, or $1.61 per fully diluted share, compared to $77.5 million, or $1.50 per fully diluted share, in 20182019 cash flows from operations of $118.0 millionTotal Backlog of $3.2 billion at December 31, 2019, compared to $2.8 billion at December 31, 2018 Record MSA Backlog of $1.4 billion at December 31, 2019 Cash balance of $120.3 million at December 31, 2019... More