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Primoris Services Corporation Reports Fourth Quarter and Full Year 2024 Results

1. Primoris reports nearly $6.4B revenue, up 11.4% over 2023. 2. Net income reached $180.9M, driven by strong Energy segment growth.

Earnings
+9.62%Current Return
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-0.5%S&P 500
$64.3202/24 04:29 PM EDTEvent Start
$70.5102/25 11:00 PM EDTLatest Updated
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FAQ

Why Bullish?

The robust revenue growth and strong performance of the Energy segment signal an earnings beat, which historically has led to stock price surges in similar companies. Investors have reacted positively in the past when companies deliver strong quarterly results and increase future outlooks.

How important is it?

This report presents concrete improvements in revenue and earnings which can positively influence investor sentiment and drive PRIM's price. Although results are positive, the impact will largely depend on market conditions and broader energy market trends.

Why Short Term?

The quarterly announcement and initial outlook for 2025 will likely prompt immediate market reactions, similar to other earnings reports that affect near-term valuations.

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PWRMTZ
DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2024, and provided the Company's initial outlook for 2025. For the full year 2024, Primoris reported the following highlights(1): Revenue of almost $6.4 billion, up $0.7 billion, or 11.4 percent, compared to the full year of 2023 driven primarily by strong growth in the Energy segment Net income of $180.9 mill.

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