PRIM Q1 2023 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q1 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.3B+60.2% YoY

Gross Profit

$100M7.9% margin

Operating Income

$19M1.5% margin

Net Income

$1M0.1% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-5.4%

Cash Flow

Operating Cash Flow

-$115M

Free Cash Flow

-$129M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.4B

Stockholders' Equity

$1.1B

Cash & Equivalents

$95M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$784M	+60.2%
Gross Profit	$100M	$56M	+76.6%
Operating Income	$19M	$708,000	+2587.6%
Net Income	$1M	-$2M	+178.3%

Revenue Segments

Energy

$728M58%

Utilities

$529M42%