Primoris Q3 revenue up 7.8% to $1.65B; raises EPS guidance and dividend to $0.08/share

Primoris Services Corp

2024-Q3 EPS reported $2.33 revenue$4,625,508,000

Revenue of $1,649.1M, up 7.8% YoY; net income of $58.4M ($1.07 diluted EPS).
Adjusted net income $66.7M ($1.22 diluted EPS); Adjusted EBITDA $127.7M, up 6.4%.
Record backlog of $11.3B driven by renewables and industrial bookings.
Raising GAAP EPS guidance to $2.85-$3.00; adjusted EPS to $3.40-$3.55.
Quarterly cash dividend increased to $0.08 per share, payable Jan 15, 2025.

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