Primoris Services Corporation Announces 2020 First Quarter Financial Results
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Primoris Services (PRIM) Misses Q1 EPS by 7c, Revenues Beat; Suspends FY20 Guidance
May 5, 2020 6:40 AM EDTPrimoris Services (NASDAQ: PRIM) reported Q1 EPS of ($0.08), $0.07 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $743.2 million versus the consensus estimate of $668.76 million.
Financial Highlights
2020 Q1 revenue of $743.2 million, compared to $661.6 million in 2019 Q12020 Q1 net loss attributable to Primoris of ($3.7 million), or ($0.08) per fully diluted share, compared to net income of $1.9 million, or $0.04 per fully diluted share, in 2019 Q1 2020 Q1 net loss included a pre-tax $5.0 million non-cash, unrealized loss on the change in fair value of the interest rate... More