Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates through three segments: The West Construction Services, The East Construction Services, and The Energy. The Company installs, replaces, repairs, and rehabilitates natural gas, refined product, and water and wastewater pipeline systems; diameter gas and liquid pipeline facilities; and heavy civil projects, earthwork, and site development, as well as constructs mechanical facilities and other structures, including power plants, petrochemical facilities, refineries, water and wastewater treatment facilities, and parking structures. It also engages in designing and installing liquid natural gas facilities, high-performance furnaces, and heaters for clients in the oil refining, petrochemical, and power generation industries, as well as offers process and product engineering services.
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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
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Key People/Management at Primoris Services Corporation

David King

David King

President, Chief Executive Officer
Brian Pratt

Brian Pratt

Chairman of the Board
Tom McCormick

Tom McCormick

Executive Vice President, Chief Operating Officer
John Perisich

John Perisich

Executive Vice President, General Counsel, and Secretary
Scott Summers

Scott Summers

President, ARB, Inc.–Underground – West Construction Services
Timothy Healy

Timothy Healy

President, ARB, Inc.–Industrial – West Construction Services
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Primoris Services Corporation Office Locations

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

Primoris Services Corporation Financials

Primoris Services Corporation's revenue was reported to be $2.38 b in FY, 2017
USD

Revenue (FY, 2017)

2.4 b

Gross profit (FY, 2017)

278.4 m

Gross profit margin (FY, 2017), %

11.7%

Net income (FY, 2017)

76.9 m

EBIT (FY, 2017)

106.3 m

Market capitalization (18-Apr-2018)

1.4 b

Cash (31-Dec-2017)

170.4 m

EV

1.5 b
Primoris Services Corporation's current market capitalization is $1.4 b.
Annual
USDFY, 2016FY, 2017

Revenue

2 b2.4 b

Cost of goods sold

1.8 b2.1 b

Gross profit

201.3 m278.4 m

Gross profit Margin, %

10%12%
Quarterly
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%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

196.1 m139.5 m161.1 m135.8 m170.4 m

Accounts Receivable

305 m337.4 m320.6 m388 m358.2 m

Inventories

12.7 m31.7 m18.3 m19.3 m

Current Assets

659.8 m680.4 m686.8 m731.4 m743.2 m
Quarterly
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
Annual
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 Payable

(25.1 m)921 k(5.1 m)42.9 m
Quarterly
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 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
USDY, 2017

EV/EBIT

13.9 x

Revenue/Employee

2.1 m

Financial Leverage

2.2 x
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