Primoris Services CorpPRIM
What Primoris Services Corp does.
Primoris Services Corporation (“Primoris”, the “Company”, “we”, “us”, or “our”) is a leading provider of critical infrastructure services operating mainly in the United States and Canada. We provide a wide range of construction, maintenance, replacement, and engineering services to a diversified base of customers through our two segments: Utilities and Energy. The structure of our reportable segments is generally focused on broad end-user markets for our services.
We have longstanding customer relationships with solar facility developers, power producers, gas and electric utilities, refining, petrochemical, communications, midstream, downstream, and engineering companies, as well as transportation agencies across our core markets. We provide our services to a diversified base of customers, under a range of contracting options. A portion of our services are provided under Master Service Agreements (“MSA”), which are generally multi-year agreements. The remainder of our services are generated from contracts for specific construction or installation projects.
The Utilities segment operates throughout the United States and specializes in a range of services, including the construction and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.5B | $4.4B | $5.7B | $6.4B | $7.6B |
| Net income | $105.0M | $115.7M | $133.0M | $126.1M | $180.9M | $274.9M |
| Free cash flow | $248.6M | -$54.1M | -$11.3M | $95.5M | $381.8M | $340.5M |
More on PRIM.
- Primoris Services Corp summary
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Figures from Primoris Services Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.