earnings
confidence high
sentiment positive
materiality 0.80
Primoris Q2 revenue up 38% to $1.41B; raises adjusted EPS guidance to $2.60-$2.80
Primoris Services Corp
2023-Q2 EPS reported
$0.75
revenue$2,670,273,000
- Revenue $1,413.4M (+38.2% YoY); net income $39.0M ($0.72 diluted EPS), down vs prior year on $40.1M gain.
- Adjusted net income $43.4M ($0.80 diluted EPS), up 66% YoY; Adjusted EBITDA $102.4M, up 82%.
- Backlog $6.6B (+44.1% YoY), including $2.0B MSA backlog (+15.9%).
- Guidance raised: GAAP EPS $2.15-$2.35, adjusted EPS $2.60-$2.80.
- Declared $0.06/sh dividend, record Sep 29, payable Oct 13.