Primoris Services (PRIM) Misses Q1 EPS by 9c

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Go back to Primoris Services (PRIM) Misses Q1 EPS by 9c

Primoris Services Corporation Reports First Quarter 2022 Results

May 9, 2022 5:00 PM EDT

DALLAS--(BUSINESS WIRE)-- Primoris Services Corporation (NASDAQ GS: PRIM) (Primoris or the Company) today announced financial results for its first quarter ended March 31, 2022 and provided the Companys outlook for 2022.

For the first quarter 2022, Primoris reported the following(1):

Revenue of $784.4 million Net loss of $1.7 million Fully diluted earnings per share (EPS) loss of $0.03 Adjusted net income of $0.4 million Adjusted diluted earnings per share (Adjusted EPS) of $0.01 Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) of $22.6 million Record Backlog of $4.025 billion, an increase of 30... More