PRIM Q2 2022 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q2 2022 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.0B+16.0% YoY

Gross Profit

$92M9.0% margin

Operating Income

$67M6.6% margin

Net Income

$50M4.9% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

+30.4%

Cash Flow

Operating Cash Flow

-$98M

Free Cash Flow

-$130M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$1.7B

Stockholders' Equity

$1.0B

Cash & Equivalents

$91M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$882M	+16.0%
Gross Profit	$92M	$113M	-18.5%
Operating Income	$67M	$55M	+22.7%
Net Income	$50M	$36M	+38.2%

Revenue Segments

Energy/Renewables

$486M48%

Utilities

$476M47%

Pipeline

$60M6%