PRIM Q2 2023 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q2 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.4B+38.2% YoY

Gross Profit

$157M11.1% margin

Operating Income

$71M5.0% margin

Net Income

$39M2.8% margin

EPS (Diluted)

$0.72

QoQ Revenue Growth

+12.4%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$6M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$2.6B

Stockholders' Equity

$1.1B

Cash & Equivalents

$123M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.0B	+38.2%
Gross Profit	$157M	$92M	+70.7%
Operating Income	$71M	$67M	+5.2%
Net Income	$39M	$50M	-22.2%

Revenue Segments

Energy

$773M55%

Utilities

$640M45%