PRIM Q2 2024 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q2 2024 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.6B+10.6% YoY

Gross Profit

$187M11.9% margin

Operating Income

$86M5.5% margin

Net Income

$50M3.2% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+10.7%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

-$8M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$4.0B

Total Liabilities

$2.8B

Stockholders' Equity

$1.3B

Cash & Equivalents

$207M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.4B	+10.6%
Gross Profit	$187M	$157M	+18.7%
Operating Income	$86M	$71M	+21.6%
Net Income	$50M	$39M	+26.9%

Revenue Segments

Energy

$973M61%

Utilities

$621M39%