Primoris Q3 revenue $1.28B (+40.6% YoY); record backlog $5.5B; dividend $0.06/sh

Primoris Services Corp

2022-Q3 EPS reported $1.70 revenue$3,091,461,000

Revenue $1,284.1M, up 40.6% YoY, led by Utilities and Energy/Renewables; $155.7M from PLH acquisition.
Net income $43.0M ($0.80 diluted); adjusted EPS $1.12; adjusted EBITDA $109.0M.
Record backlog $5.5B (+99.8% YoY), including MSA backlog of $2.1B.
FY2022 adjusted EPS guidance maintained at $2.39-$2.59; GAAP EPS guidance narrowed to $2.31-$2.51 due to PLH costs.
Board declared $0.06/share cash dividend, payable Jan 13, 2023 to holders of record Dec 30, 2022.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Primoris Services Corp reported three months ended September 30, 2022 results: revenue $1,284.1 million, net income $43.0 million, EPS $0.80 per diluted share. Guidance reaffirmed.

Period: three months ended September 30, 2022
Revenue: $1,284.1 million
Net income: $43.0 million
EPS: $0.80 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

for its third quarter ended September 30, 2022 and confirmed the Company’s 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 ●

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Source: SEC EDGAR

accession 0001361538-22-000032

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