Trade Primoris Services Corp - PRIM CFD

Primoris Company profile

About Primoris Services Corp

Primoris Services Corporation is a provider of specialty contracting services. The Company offers specialty construction services, fabrication, maintenance, replacement, procurement, and engineering services through its three segments: Utilities Segment, Energy/Renewables and Pipeline Services Segment. The Utilities Segment offers services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables Segment offers services, such as engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services. The Pipeline Segment offers services, which includes pipeline construction and maintenance, pipeline facility and integrity services, installation of compressor and pump stations, and metering facilities.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Primoris Services Corp revenues increased less than 1% to $3.5B. Net income increased 10% to $115.6M. Revenues reflect Utilities segment increase of 83% to $1.66B, also reflect Pipeline segment decrease of 52% to $431.5M. Dividend per share decreased from $0.30 to $0.24. Basic Earnings per Share excluding Extraordinary Items increased from $2.17 to $2.19.

Equity composition

Common Stock $.0001 Par, 03/12, 90M auth., 49,359,600 issd. preferred stock $.0001 par, none issd. Insider own approx. 59.00%. 8/08, Exchange changed from OTC Bullettin Board to NASDAQ. 08/08, Name changed from Rhapsody Acquisition Corp.