PRIM Q1 2024 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q1 2024 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.4B+12.4% YoY

Gross Profit

$133M9.4% margin

Operating Income

$44M3.1% margin

Net Income

$19M1.3% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

-6.8%

Cash Flow

Operating Cash Flow

-$28M

Free Cash Flow

-$39M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.7B

Stockholders' Equity

$1.2B

Cash & Equivalents

$178M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+12.4%
Gross Profit	$133M	$100M	+33.7%
Operating Income	$44M	$19M	+132.5%
Net Income	$19M	$1M	+1346.0%

Revenue Segments

Energy

$989M67%

Utilities

$491M33%