PRIM Q1 2022 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q1 2022 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$784M-4.1% YoY

Gross Profit

$56M7.2% margin

Operating Income

$708,0000.1% margin

Net Income

-$2M-0.2% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

-11.3%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

-$27M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.6B

Stockholders' Equity

$988M

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$784M	$818M	-4.1%
Gross Profit	$56M	$80M	-29.6%
Operating Income	$708,000	$13M	-94.5%
Net Income	-$2M	$6M	-128.6%

Revenue Segments

Energy/Renewables

$359M46%

Utilities

$359M46%

Pipeline

$67M8%