Primoris Services Corp (PRIM) Q4 2024 Earnings Call

Concluded Feb 24, 2025

Feb 24, 2025 0 turns

Period: FY2024 Q4
Runtime: —
Sources: 2 artifacts

8-K 10-K

Executive readout · one minute

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Renewables execution challenges 53 Utility segment performance 29 Bookings and revenue timing shift 24 Painecrest acquisition 14 Natural gas generation awards 13 Pipeline Services recovery 12

Management tone

Positive

Net tone +15 · moderate hedging

Grounding quotes

“These impacts were driven by execution-related factors, including specific labor issues, project redesigns, adjustments to sequencing, and weather-related disruptions.”
“All of the impacted projects are progressing toward completion and are expected to be substantially complete in 2026”
“we remain very optimistic about the solar market outlook”
“we believe the underlying fundamentals of our business are strong”

Research coverage

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Revenue $1.74B +14.9% YoY

Diluted EPS $0.99 +43.5% YoY

Gross margin 10.6% +0.3 pp YoY

Net income $54.00M +43.4% YoY

Research materials

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8-K earnings release Filed Feb 24, 2025 10-K report Filed Feb 25, 2025

Quarter detail

How the reported period landed and where the business moved.

Capital returned

Dividend / share: $0.08

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