PRIM Q3 2022 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q3 2022 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.3B+40.6% YoY

Gross Profit

$155M12.1% margin

Operating Income

$66M5.2% margin

Net Income

$43M3.4% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+25.5%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$21M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.4B

Stockholders' Equity

$1.1B

Cash & Equivalents

$112M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$913M	+40.6%
Gross Profit	$155M	$127M	+21.6%
Operating Income	$66M	$65M	+1.8%
Net Income	$43M	$44M	-2.3%

Revenue Segments

Utilities

$613M48%

Energy/Renewables

$600M47%

Pipeline

$71M6%