Craft

Primoris Services

Stock Price

$63.6

2024-10-28

Market Capitalization

$3.4 B

2024-10-28

Revenue

$6.4 B

FY, 2024

Primoris Services Summary

Company Summary

Overview
Primoris Services is a specialty contractor that provides critical infrastructure services to the utility, energy, and renewables markets. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment specializes in installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment offers engineering, procurement, construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, excavation, flood control, upgrades, repairs, outages, and maintenance services. The Pipeline segment provides pipeline construction and maintenance, carbon capture and storage services, pipeline facility and integrity services, installation of compressor and pump stations, and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities.
Type
Public
Status
Active
Founded
2004
HQ
Dallas, TX, US | view all locations
Website
https://www.prim.com
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Tom E. McCormick

    Tom E. McCormick, President and Chief Executive Officer, Director

  • Ken Dodgen

    Ken Dodgen, Executive Vice President, Chief Financial Officer

  • John M. Perisich

    John M. Perisich, Executive Vice President, Chief Legal Officer, and Secretary

  • Scott E. Summers

    Scott E. Summers, Segment President, Pipeline Services

Operating MetricsView all

Remaining Performance Obligations

$5B
35.1%

Q3, 2023

Backlog (Civil)

$584.9M

FY, 2020

Backlog (Utilities)

$1.9B
1.4%

Q3, 2023

LocationsView all

22 locations detected

  • Dallas, TX HQ

    United States

    2300 N. Field Street #1900

  • Aurora, CO

    United States

    3800 Lewiston St #300

  • Baton Rouge, LA

    United States

    18484 E Petroleum Dr

  • Beaumont, TX

    United States

    9025 Blewett Rd

  • Ceres, CA

    United States

    1244 Marchy Ln

  • Dade City, FL

    United States

    10518 US-301

and 16 others

Primoris Services Financials

Summary Financials

Revenue (FY, 2024)
$6.4B
Gross profit (FY, 2024)
$703.2M
Net income (FY, 2024)
$180.9M
Cash (FY, 2024)
$455.8M
EBIT (FY, 2024)
$317.5M
Enterprise value
$3.7B

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