Primoris Services Corporation

Primoris Services Corporation (NASDAQ: PRIM), through various subsidiaries, has grown to become one of the largest construction service enterprises in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. Since December 2009, Primoris has more than doubled its size and the Company's national footprint now extends throughout the Continental United States and Canada.

Company Growth (employees)
Type
Public
HQ
Dallas, US
Founded
1946
Size (employees)
1,133 (est)
Primoris Services Corporation was founded in 1946 and is headquartered in Dallas, US

Primoris Services Corporation Office Locations

Primoris Services Corporation has an office in Dallas
Dallas, US (HQ)
1500 2100 McKinney Ave

Primoris Services Corporation Data and Metrics

Primoris Services Corporation Financial Metrics

Primoris Services Corporation's revenue was reported to be $561.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

561.5 m

Gross profit (Q1, 2017)

55.1 m

Gross profit margin (Q1, 2017), %

10%

Net income (Q1, 2017)

8.5 m

EBIT (Q1, 2017)

15.2 m

Market capitalization (22-Aug-2017)

1.4 b

Cash (31-Mar-2017)

148.5 m
Primoris Services Corporation's current market capitalization is $1.4 b.
USDFY, 2016

Revenue

2 b

Cost of goods sold

1.8 b

Gross profit

201.3 m

Gross profit Margin, %

10%

General and administrative expense

140.8 m

Operating expense total

140.8 m

EBIT

57.7 m

EBIT margin, %

3%

Interest expense

8.9 m

Interest income

149 k

Pre tax profit

48.9 m

Income tax expense

(21.1 m)

Net Income

27.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

515.3 m613.2 m392.8 m483.5 m555.9 m430.4 m456.8 m507.8 m561.5 m

Cost of goods sold

454.1 m537.8 m354.8 m437 m484.3 m391.2 m413.5 m457.7 m506.4 m

Gross profit

61.2 m75.5 m38 m46.5 m71.6 m39.3 m43.3 m50.1 m55.1 m

Gross profit Margin, %

12%12%10%10%13%9%9%10%10%

General and administrative expense

33.2 m36.2 m33.8 m38.5 m38.5 m32.7 m32.5 m36 m39.9 m

Operating expense total

33.2 m36.2 m33.8 m38.5 m38.5 m32.7 m32.5 m36 m39.9 m

EBIT

28 m39.3 m4.2 m7.9 m33.1 m6.6 m10.8 m11.4 m15.2 m

EBIT margin, %

5%6%1%2%6%2%2%2%3%

Interest expense

1.2 m1.8 m1.9 m1.7 m1.9 m2.3 m2.2 m2.2 m2.3 m

Interest income

14 k14 k12 k6 k4 k39 k52 k31 k69 k

Pre tax profit

26.6 m42.5 m2.7 m6 m30.8 m4.7 m8.6 m8.8 m13 m

Income tax expense

(10.6 m)(15.1 m)(1.1 m)(2.3 m)(11.8 m)(1.8 m)(3.3 m)(4.1 m)(4.5 m)

Net Income

16 m27.4 m1.7 m3.7 m19.1 m2.9 m8.2 m13 m8.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

196.1 m139.5 m161.1 m135.8 m

Accounts Receivable

305 m337.4 m320.6 m388 m

Inventories

12.7 m31.7 m18.3 m19.3 m

Current Assets

659.8 m680.4 m686.8 m731.4 m

PP&E

226.5 m271.4 m283.5 m277.3 m

Goodwill

118.6 m119.4 m124.2 m127.2 m

Total Assets

1.1 b1.1 b1.1 b1.2 b

Accounts Payable

127.3 m128.8 m124.5 m168.1 m

Dividends Payable

1.8 m2.1 m2.8 m2.8 m

Total Debt

219.5 m242.9 m274.3 m261.6 m

Current Liabilities

430.3 m419.3 m416.2 m449.9 m

Total Liabilities

672.2 m

Additional Paid-in Capital

159.2 m160.2 m163.3 m162.1 m

Retained Earnings

238.2 m293.6 m319.9 m335.2 m

Total Equity

398.4 m453.8 m483.5 m498.6 m

Debt to Equity Ratio

0.6 x0.5 x0.6 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

2.6 x2.4 x2.3 x2.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

160.2 m144.2 m106 m86 m89.4 m98.8 m97.1 m148.7 m148.5 m

Accounts Receivable

311.3 m388.4 m299 m318.5 m386.1 m341.1 m318.1 m293.5 m369.8 m

Current Assets

648.3 m714.2 m632.8 m626.7 m704.1 m672.7 m635.2 m673.9 m711.2 m

PP&E

245.3 m262.8 m282 m286.3 m286.4 m280 m293.5 m286.9 m285.9 m

Goodwill

118.6 m118.6 m128.7 m124.6 m124.6 m126.2 m126.2 m123.4 m127.2 m

Total Assets

1.1 b1.1 b1.1 b1.1 b1.2 b1.1 b1.1 b1.1 b1.2 b

Accounts Payable

130.6 m158.1 m121 m129.9 m134.2 m136.4 m113.4 m134.5 m124.1 m

Dividends Payable

1.8 m2.1 m2.1 m2.8 m2.8 m2.8 m2.8 m2.8 m2.8 m

Current Liabilities

422.1 m467.6 m388.6 m400.2 m444.3 m407.6 m389.6 m401.1 m441.7 m

Additional Paid-in Capital

162.3 m159.9 m162.4 m162.6 m163.1 m165.5 m166 m166.7 m159.5 m

Retained Earnings

261.4 m286.8 m293.2 m294 m310.2 m319.7 m321.9 m323.6 m340.1 m

Total Equity

423.7 m446.6 m455.6 m456.7 m473.3 m485.7 m488.6 m491.2 m501.6 m

Financial Leverage

2.5 x2.5 x2.4 x2.4 x2.4 x2.3 x2.2 x2.3 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

74.7 m63.7 m37.2 m27.7 m

Depreciation and Amortization

49.9 m58.4 m65.2 m68 m

Accounts Receivable

(37 m)(30 m)19.5 m(65.8 m)

Accounts Payable

(25.1 m)921 k(5.1 m)42.9 m

Cash From Operating Activities

77.8 m36.1 m48.4 m62.6 m

Purchases of PP&E

(87.1 m)(88 m)(67.1 m)(58 m)

Cash From Investing Activities

(97.1 m)(102.6 m)(48.5 m)(59.4 m)

Long-term Borrowings

(35.9 m)(35.1 m)(43.9 m)(57.7 m)

Dividends Paid

(5.2 m)(7.5 m)(9.8 m)(11.4 m)

Cash From Financing Activities

57.9 m9.9 m21.8 m(28.5 m)

Interest Paid

5.5 m6.4 m7.7 m8.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

16 m27.4 m1.7 m3.7 m19.1 m2.9 m8.2 m13 m8.5 m

Depreciation and Amortization

34.1 m51.4 m

Accounts Receivable

311.3 m388.4 m299 m318.5 m386.1 m341.1 m2.5 m27.1 m369.8 m

Accounts Payable

130.6 m158.1 m121 m129.9 m134.2 m136.4 m(11.1 m)10 m124.1 m

Cash From Operating Activities

5.5 m50.6 m

Purchases of PP&E

(42.1 m)(52.1 m)

Cash From Investing Activities

(40.5 m)(48.5 m)

Long-term Borrowings

(24.3 m)(36.9 m)

Dividends Paid

(5.7 m)(8.5 m)

Cash From Financing Activities

(29 m)(14.6 m)

Interest Paid

4.4 m6.7 m
USDY, 2017

Revenue/Employee

495.6 k

Financial Leverage

2.3 x

Primoris Services Corporation Market Value History

Traffic Overview of Primoris Services Corporation

Primoris Services Corporation Online and Social Media Presence

Primoris Services Corporation Company Life and Culture

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