Primoris Services Corporation Reports First Quarter 2021 Results
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Primoris Services (PRIM) Tops Q1 EPS by 19c, Revenues Beat; Offer FY21 EPS Mid-Point Guidance Above Consensus
May 5, 2021 5:33 PM EDTPrimoris Services (NASDAQ: PRIM) reported Q1 EPS of $0.12, $0.19 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $818.3 million versus the consensus estimate of $764.72 million.
For the first quarter 2021, Primoris reported the following highlights:
Revenue of $818.3 million, an increase of 10 percent over prior yearNet income attributable to Primoris of $5.9 million, compared to a $3.7 million loss in prior yearFully diluted earnings per share of $0.12, compared to a loss of $0.08 in the prior yearCash flows from operations of $7.5 million, compared to cash used in operations of $5.5... More