PRIM Q3 2023 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q3 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.5B+19.1% YoY

Gross Profit

$174M11.4% margin

Operating Income

$88M5.8% margin

Net Income

$48M3.1% margin

EPS (Diluted)

$0.89

QoQ Revenue Growth

+8.2%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

$34M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$2.6B

Stockholders' Equity

$1.2B

Cash & Equivalents

$161M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.3B	+19.1%
Gross Profit	$174M	$155M	+12.3%
Operating Income	$88M	$66M	+33.0%
Net Income	$48M	$43M	+11.9%

Revenue Segments

Energy

$885M58%

Utilities

$645M42%