Primoris Services Corporation Announces 2019 Second Quarter Financial Results
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Primoris Services (PRIM) Tops Q2 EPS by 7c, Revenues Beat; Offers FY19 EPS Guidance
August 6, 2019 6:13 AM EDTPrimoris Services (NASDAQ: PRIM) reported Q2 EPS of $0.35, $0.07 better than the analyst estimate of $0.28. Revenue for the quarter came in at $789.9 million versus the consensus estimate of $750.07 million.
2019 Q2 revenue of $789.9 million, compared to $648.8 million in 2018 Q2, a 21.7% increase- 2019 Q2 MSA revenue of $348.3 million, a 46% increase over 2018 Q2 MSA revenue2019 Q2 net income attributable to Primoris of $17.8 million, or $0.35 per fully diluted share- compared to $11.7 million, or $0.23 per fully diluted share, in 2018 Q2, a 52% increase2019 Q2 SG&A 6.2% of revenue, compared to 2018 Q2 6.7% of revenueRecord Total Backlog of $3.2 billion at June 30,... More