Primoris Q2 revenue up 10.6% to $1.56B; raises EPS guidance to $2.70-$2.90

Primoris Services Corp

2024-Q2 EPS reported $1.26 revenue$2,976,422,000

Revenue $1,563.7M (+10.6% YoY); net income $49.5M ($0.91 diluted EPS) vs $39.0M ($0.72) year ago.
Adjusted net income $57.1M ($1.04 adjusted EPS) vs $43.4M ($0.80); Adjusted EBITDA $117.1M (+14.4% YoY).
Raises 2024 EPS guidance to $2.70-$2.90 (from $2.55-$2.75) and adjusted EPS to $3.25-$3.45 (from $3.00-$3.20).
Board declares $0.06/share cash dividend payable Oct 15 to holders of record Sep 30, 2024.

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