PRIM Q4 2023 Earnings — Primoris Services Corporation Revenue & Financial Results | Market Cap Arena

PRIMPrimoris Services Corporation

$7B

Q4 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$1.5B+14.0% YoY

Gross Profit

$157M10.3% margin

Operating Income

$75M4.9% margin

Net Income

$38M2.5% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$206M

Free Cash Flow

$185M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$2.6B

Stockholders' Equity

$1.2B

Cash & Equivalents

$218M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.3B	+14.0%
Gross Profit	$157M	$153M	+2.1%
Operating Income	$75M	$61M	+22.9%
Net Income	$38M	$42M	-9.3%

Revenue Segments

Energy

$1.8B60%

Utilities

$1.2B40%