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Last $17.19 USD
Change Today -0.11 / -0.64%
Volume 307.7K
PRIM On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

primoris services corp (PRIM) Snapshot

Open
$17.15
Previous Close
$17.30
Day High
$17.48
Day Low
$16.84
52 Week High
06/9/14 - $31.25
52 Week Low
03/10/15 - $16.70
Market Cap
886.5M
Average Volume 10 Days
359.2K
EPS TTM
$1.23
Shares Outstanding
51.6M
EX-Date
03/27/15
P/E TM
14.0x
Dividend
$0.16
Dividend Yield
0.90%
Current Stock Chart for PRIMORIS SERVICES CORP (PRIM)

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primoris services corp (PRIM) Details

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 segments West Construction Services, East Construction Services, and Energy. The company installs, replaces, repairs, and rehabilitates natural gas, refined product, water and wastewater pipeline systems; large 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 high-performance furnaces and heaters for clients in the oil refining, petrochemical, and power generation industries, as well as provides process and product engineering services. The company serves public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Primoris Services Corporation is headquartered in Dallas, Texas.

6,757 Employees
Last Reported Date: 03/16/15

primoris services corp (PRIM) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $850.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $608.6K
Co-President of Industrial for ARB Inc
Total Annual Compensation: $609.9K
Co-President of Underground for ARB Inc
Total Annual Compensation: $572.1K
Executive Vice President, General Counsel and...
Total Annual Compensation: $500.6K
Compensation as of Fiscal Year 2013.

primoris services corp (PRIM) Key Developments

Primoris Services Corporation Signs New Three Year Master Service Agreement

Primoris Services Corporation announced a new three year Master Service Agreement from a major utility customer with an anticipated value of $45 million. The contract was secured by the ARB Underground division, part of the West Construction Services segment. The MSA will commence in April of 2015. The award is for gas distribution work in four regions, ranging from central California up to the Oregon border. The work covered by the agreement includes the replacement of Aldyl-A low pressure distribution mains and services and restoration of public streets, sidewalks and private property to their original condition.

Primoris Services Corporation Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Tax Rate Guidance for the Year 2015

Primoris Services Corporation announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $487,592,000 compared with $537,879,000 for the same period a year ago. Operating income was $16,455,000 compared with $40,796,000 for the same period a year ago. Income before provision for income taxes was $14,857,000 compared with $40,178,000 for the same period a year ago. Net income attributable to company was $8,930,000 or $0.17 per basic and diluted share compared with $22,481,000 or $0.44 per basic and diluted share for the same period a year ago. The decreased revenues were mainly due to decreases in the West Construction Services segment. For the year, the company reported revenues of $2,086,194,000 compared with $1,944,220,000 for the same period a year ago. Operating income was $103,792,000 compared with $125,237,000 for the same period a year ago. Income before provision for income taxes was $102,328,000 compared with $119,576,000 for the same period a year ago. Net income attributable to company was $63,156,000 or $1.22 per basic and diluted share compared with $69,660,000 or $1.35 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $36,101,000 compared with $77,753,000 for the same period a year ago. Purchase of property and equipment was $87,954,000 compared with $87,050,000 for the same period a year ago. The company invested $88 million in capital expenditures. At December 31, 2014, the company had $245 million of total debt, with $168 million of commercial equipment notes, $75 million of senior secured notes and $2.3 million of capital lease commitments. For the year 2015, the company anticipates combined tax rate will be approximately 38.75%, reflecting the impact of increased work in Louisiana, which has a fairly high state tax rate.

Primoris Services Corporation Declares Cash Dividend, Payable on or About April 15, 2015

Primoris Services Corporation announced that on February 24, 2015, its board of directors declared a $0.04 per share cash dividend to stockholders of record on March 31, 2015, payable on or about April 15, 2015.

 

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Industry Analysis

PRIM

Industry Average

Valuation PRIM Industry Range
Price/Earnings 14.2x
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 14.1x
TEV/Sales 0.2x
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