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Primoris Services Corp. (PRIM)
NYSE:PRIM
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.09Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 5.98%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in the first quarter of 2025, with significant revenue growth and record cash flow, driven by the Energy and Utilities segments. The company has shown improvements in gross margins and maintained a strong liquidity position. However, there are challenges with declining industrial and pipeline revenues, slightly lower gross margins in the Energy segment, and increased SG&A expenses. Overall, the positive highlights outweigh the lowlights, suggesting a strong start to the year.Company Guidance
During the Primoris Services Corporation First Quarter 2025 Earnings Conference Call, the company provided detailed guidance and metrics for the fiscal year. Revenue for the first quarter was reported at $1.6 billion, marking a 16.7% increase from the previous year, with the Energy segment up by 17% and the Utilities segment by 15.5%. The gross profit stood at approximately $171 million, reflecting a 28% rise, and gross margins improved to 10.4% from 9.4%. The company maintained its full-year EPS guidance of $3.70 to $3.90 per share, with adjusted EPS expected to range between $4.20 and $4.40. Adjusted EBITDA guidance was also reaffirmed at $440 million to $460 million. Additionally, Primoris reported strong liquidity of $652 million and a total backlog of $11.4 billion. They are optimistic about achieving or even exceeding their financial and operational goals for 2025, given the positive trends despite macroeconomic uncertainties.Strong Revenue Growth
First quarter revenue was $1.6 billion, an increase of $235 million or 16.7% from the prior year, driven by growth in both Energy and Utilities segments.
Record Cash Flow
Cash from operations reached $66.2 million, marking a first quarter record for Primoris, driven by improved collection of receivables and higher operating income.
Utilities Segment Performance
Utilities segment gross profit was $51.6 million, up $22.1 million compared to the prior year, with gross margins increasing from 6% to 9.2%.
Energy Segment Growth
Energy segment revenue increased by $161 million or 17%, driven by record revenue in renewables, specifically in utility-scale solar projects.
Margin Improvements
Gross margins improved to 10.4% for the quarter from 9.4% in the prior year, with significant improvements in power delivery profitability.
Strong Liquidity Position
Maintained strong liquidity of $652 million, including approximately $352 million of cash and $300 million in available borrowing capacity.
PRIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PRIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $67.07 | $65.10 | -2.94% |
Feb 24, 2025 | $64.23 | $70.41 | +9.62% |
Nov 04, 2024 | $64.18 | $73.67 | +14.79% |
Aug 05, 2024 | $47.86 | $50.74 | +6.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Primoris Services Corp. (PRIM) report earnings?
Primoris Services Corp. (PRIM) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Primoris Services Corp. (PRIM) earnings time?
Primoris Services Corp. (PRIM) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRIM EPS forecast?
PRIM EPS forecast for the fiscal quarter 2025 (Q2) is 1.09.