Primoris Services (PRIM) Tops Q2 EPS by 21c

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Primoris Services Corporation Reports Second Quarter 2023 Results

August 7, 2023 4:10 PM EDT

DALLAS--(BUSINESS WIRE)-- Primoris Services Corporation (NYSE: PRIM) (Primoris or the Company) today announced financial results for its second quarter ended June 30, 2023 and provided comments on the Companys operational performance and outlook for 2023.

For the second quarter of 2023, Primoris reported the following highlights (1):

Revenue of $1,413.4 million, up $390.4 million, or 38.2 percent, compared to the second quarter of 2022 driven by strong growth in both the Utilities and Energy segments and in part by the PLH and B Comm acquisitions; Net income of $39.0 million, or $0.72 per diluted share, a... More