Primoris Services (PRIM) Misses Q3 EPS by 8c, Revenue Beats
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Primoris Services Corporation Reports Third Quarter 2022 Results
November 7, 2022 4:15 PM ESTDALLAS--(BUSINESS WIRE)-- Primoris Services Corporation (NASDAQ GS: PRIM) (Primoris or the Company) today announced financial results for its third quarter ended September 30, 2022 and confirmed the Companys outlook.
For the third quarter 2022, Primoris reported the following highlights(1):
Revenue of $1,284.1 million, up $370.9 million, or 40.6 percent, year-over-year driven by strong growth in the Utilities and Energy/Renewables segments, including $155.7 million from the PLH acquisition Delivered net income of $43.0 million, or $0.80 per diluted share, and adjusted net income of $60.4 million, or $1.12 per diluted share Generated adjusted earnings before interest, income... More