PRIM Q4 2022 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q4 2022 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.3B+50.3% YoY

Gross Profit

$153M11.5% margin

Operating Income

$61M4.6% margin

Net Income

$42M3.1% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

+3.5%

Cash Flow

Operating Cash Flow

$185M

Free Cash Flow

$166M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$2.4B

Stockholders' Equity

$1.1B

Cash & Equivalents

$249M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$884M	+50.3%
Gross Profit	$153M	$96M	+59.7%
Operating Income	$61M	$37M	+63.6%
Net Income	$42M	$29M	+41.1%

Revenue Segments

Energy/Renewables

$642M48%

Utilities

$576M43%

Pipeline

$111M8%