Primoris Services (PRIM) Tops Q4 EPS by 11c; Offers FY23 EPS Guidance
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Primoris Services Corporation Reports Fourth Quarter and Full Year 2022 Results
February 27, 2023 4:30 PM ESTDALLAS--(BUSINESS WIRE)-- Primoris Services Corporation (NASDAQ GS: PRIM) (Primoris or the Company) today announced financial results for its fourth quarter and full year ended December 31, 2022 and provided the Companys initial outlook for 2023.
For the full year 2022, Primoris reported the following highlights (1):
Revenue of $4,420.6 million, up $923.0 million, or 26.4 percent, compared to the full year of 2021 driven by strong growth in the Utilities and Energy/Renewables segments, including $516.8 million, or 14.8 percent, revenue growth excluding acquisitions Net income of $133.0 million, or $2.47 per diluted share, up 14.9 percent from the... More