earnings
confidence high
sentiment positive
materiality 0.75
Primoris FY2024 revenue $6.4B (+11.4%), net income up 43%, backlog $11.9B; declares $0.08 dividend
Primoris Services Corp
2024-FY EPS reported
$3.31
revenue$6,366,838,000
- Full year revenue $6.4B, up 11.4% YoY; net income $180.9M ($3.31 diluted EPS), up 43.4%.
- Adjusted net income $211.4M ($3.87 adj. EPS), up 36.7%; Adjusted EBITDA $435.2M, up 14.7%.
- Record total backlog $11.9B, up 8.9% from year-end 2023; MSA backlog $5.8B.
- Q4 revenue $1.7B (+14.9% YoY); Q4 net income $54M ($0.99 diluted EPS), up 43.3%.
- Board declared $0.08/share cash dividend payable April 15, 2025 to holders of record March 31, 2025.