Primoris Services (PRIM)
Builds and maintains utility, renewable-power, industrial-energy, and transportation infrastructure across North America.
$74.69
vs last close−1.63 (−2.14%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,529 | 1,516 | 1,413 | 1,564 | 1,649 | 1,741 | 1,648 | 1,891 | 2,178 | 1,858 | 1,560 | 1,688 |
| Cost of revenue | 1,356 | 1,359 | 1,279 | 1,377 | 1,451 | 1,557 | 1,477 | 1,659 | 1,943 | 1,683 | 1,425 | 1,606 |
| Gross profit | 174 | 157 | 133 | 187 | 199 | 185 | 171 | 232 | 236 | 175 | 135 | 82 |
| 85 | 82 | 89 | 101 | 99 | 97 | 100 | 105 | 98 | 97 | 106 | 109 | |
| 84 | 81 | 89 | 100 | 98 | 97 | 100 | 105 | 98 | 97 | 106 | 106 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 106 |
| Other expenses | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 3 |
| Operating income | 88 | 75 | 44 | 86 | 100 | 88 | 70 | 127 | 138 | 78 | 29 | −27 |
| −21 | −22 | −18 | −16 | −17 | −11 | −8 | −8 | −7 | −6 | −9 | −10 | |
| Interest expense | 21 | 22 | 18 | 17 | 18 | 12 | 8 | 8 | 7 | 6 | −5 | 11 |
| Other non-operating income | 0 | 0 | 0 | −1 | −1 | −1 | 0 | 0 | 0 | −1 | 14 | 1 |
| Income before tax | 68 | 53 | 27 | 70 | 82 | 76 | 62 | 119 | 131 | 72 | 20 | −37 |
| Income tax expense | 20 | 15 | 8 | 20 | 24 | 22 | 18 | 34 | 36 | 20 | 3 | −12 |
| Net income from continuing operations | 48 | 38 | 19 | 50 | 58 | 54 | 44 | 84 | 95 | 52 | 17 | −24 |
| Net income | 48 | 38 | 19 | 50 | 58 | 54 | 44 | 84 | 95 | 52 | 17 | −24 |
| EPS, basic | $0.90 | $0.71 | $0.35 | $0.92 | $1.09 | $1.00 | $0.82 | $1.56 | $1.75 | $0.96 | $0.32 | −$0.45 |
| EPS, diluted | $0.89 | $0.69 | $0.35 | $0.91 | $1.07 | $0.99 | $0.81 | $1.54 | $1.73 | $0.94 | $0.32 | −$0.45 |
| Weighted average shares, basic | 53 | 53 | 53 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 |
| Weighted average shares, diluted | 54 | 54 | 54 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 54 |
| EBITDA | 116 | 100 | 69 | 113 | 123 | 111 | 91 | 149 | 162 | 103 | 39 | 3 |
| Depreciation & amortization | 27 | 26 | 25 | 26 | 23 | 23 | 21 | 23 | 24 | 24 | 24 | 31 |
| EBIT | 89 | 75 | 45 | 87 | 100 | 88 | 70 | 126 | 138 | 78 | 15 | −28 |
