PRIM Q3 2021 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q3 2021 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$913M-3.1% YoY

Gross Profit

$127M14.0% margin

Operating Income

$65M7.1% margin

Net Income

$44M4.8% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

-$30M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.6B

Stockholders' Equity

$977M

Cash & Equivalents

$199M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$913M	$943M	-3.1%
Gross Profit	$127M	$124M	+3.0%
Operating Income	$65M	$67M	-2.0%
Net Income	$44M	$44M	+0.3%

Revenue Segments

U And D Segment

$455M50%

Energy Renewables

$351M38%

Pipeline Services

$108M12%