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Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction and maintenance, carbon capture and storage services; pipeline facility and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 159.29M | 151.86M | 145.64M | 117.91M | 113.36M |
| Minority interest | - | -0.13M | 0.01M | 1.77M | 10.13M |
| Net income | 133.02M | 115.61M | 104.97M | 82.33M | 77.46M |
| Selling general administrative | 281.58M | 230.11M | 202.84M | 190.05M | 182.01M |
| Gross profit | 456.88M | 416.66M | 370.21M | 330.93M | 325.74M |
| Reconciled depreciation | 99.16M | 105.56M | 82.50M | 85.40M | 79.25M |
| Ebit | 195.34M | 170.15M | 163.95M | 140.88M | 144.68M |
| Ebitda | 276.54M | 292.41M | 251.49M | 224.10M | 223.93M |
| Depreciation and amortization | 81.20M | 122.26M | 87.54M | 83.22M | 79.25M |
| Non operating income net other | - | 0.20M | 1.99M | -2.87M | 1.63M |
| Operating income | 195.34M | 170.15M | 163.95M | 140.88M | 130.47M |
| Other operating expenses | 4245.29M | 3311.08M | 3324.12M | 2965.45M | 2795.75M |
| Interest expense | 39.21M | 18.50M | 20.30M | 20.10M | 18.75M |
| Tax provision | 26.27M | 36.12M | 40.66M | 33.81M | 25.77M |
| Interest income | - | - | 0.38M | 0.95M | 1.75M |
| Net interest income | -39.21M | -18.50M | -19.92M | -19.14M | -16.99M |
| Extraordinary items | - | - | - | - | -1.10M |
| Non recurring | - | 16.40M | 3.43M | - | 13.26M |
| Income tax expense | 26.27M | 36.12M | 40.66M | 33.81M | 25.77M |
| Total revenue | 4420.60M | 3497.63M | 3491.50M | 3106.33M | 2939.48M |
| Total operating expenses | 281.58M | 230.11M | 202.84M | 190.05M | 182.01M |
| Cost of revenue | 3963.71M | 3080.97M | 3121.28M | 2775.40M | 2613.74M |
| Total other income expense net | -36.05M | -18.29M | -18.31M | -22.97M | -13.38M |
| Net income from continuing ops | 133.02M | 115.74M | 104.98M | 84.10M | 87.59M |
| Net income applicable to common shares | 133.02M | 115.61M | 104.97M | 82.33M | 77.46M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 3544.02M | 2543.33M | 1969.58M | 1830.46M | 1594.15M |
| Intangible assets | 249.38M | 171.32M | 61.01M | 69.83M | 81.20M |
| Other current assets | 176.35M | 509.92M | 356.07M | 387.51M | 36.44M |
| Total liab | 2435.18M | 1553.27M | 1254.79M | 1200.93M | 987.16M |
| Total stockholder equity | 1108.84M | 990.05M | 714.75M | 628.50M | 604.22M |
| Deferred long term liab | - | 38.51M | 13.55M | 17.82M | 8.17M |
| Other current liab | 249.02M | 178.01M | 203.56M | 186.42M | 120.57M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | 847.68M | 727.43M | 624.69M | 531.29M | 461.07M |
| Other liab | 101.02M | 101.86M | 83.62M | 57.18M | 56.85M |
| Good will | 871.81M | 581.66M | 215.10M | 215.10M | 206.16M |
| Other assets | 21.79M | 16.36M | 222.00M | 14.55M | 6.46M |
| Cash | 248.69M | 200.51M | 326.74M | 120.29M | 151.06M |
| Total current liabilities | 1138.06M | 759.12M | 764.41M | 670.45M | 621.81M |
| Current deferred revenue | 275.95M | 240.41M | 267.23M | 192.40M | 189.54M |
| Net debt | 1025.55M | 559.01M | 127.73M | 402.24M | 217.09M |
| Short term debt | 78.14M | 67.23M | 47.72M | 55.66M | 62.49M |
| Short long term debt | 78.14M | 67.23M | 47.72M | 55.66M | 62.49M |
| Short long term debt total | 1274.24M | 759.52M | 454.47M | 522.53M | 368.16M |
| Other stockholder equity | 263.77M | 261.92M | 89.10M | 97.13M | 144.05M |
| Property plant equipment | 696.66M | 591.89M | 563.51M | 375.89M | 375.88M |
| Total current assets | 1704.38M | 1182.09M | 1115.27M | 912.71M | 924.45M |
| Net tangible assets | -12.35M | 237.07M | 438.64M | 343.57M | 316.86M |
| Net receivables | 1279.34M | 895.32M | 758.30M | 749.72M | 736.94M |
| Long term debt | 1065.32M | 594.23M | 268.83M | 295.64M | 305.67M |
| Inventory | - | -423.66M | -325.85M | -344.81M | - |
| Accounts payable | 534.96M | 273.46M | 245.91M | 235.97M | 249.22M |
| Noncontrolling interest in consolidated entity | - | - | 0.04M | 1.03M | 2.76M |
| Accumulated other comprehensive income | -2.62M | 0.70M | 0.96M | 0.08M | -0.91M |
| Common stock total equity | - | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings total equity | - | 727.43M | 624.69M | 531.29M | 461.07M |
| Non currrent assets other | 21.79M | 15.06M | 12.78M | 13.45M | 5.00M |
| Non current assets total | 1839.63M | 1361.24M | 854.31M | 917.76M | 669.70M |
| Capital lease obligations | 130.79M | 98.06M | 210.95M | 245.26M | - |
| Long term debt total | - | 594.23M | 268.83M | 295.64M | 305.67M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -481.94M | -691.27M | -42.51M | -65.87M | -209.15M |
| Change to liabilities | 198.36M | 12.15M | 52.73M | -36.44M | 37.36M |
| Total cashflows from investing activities | -481.94M | -691.27M | -42.51M | -65.87M | -209.15M |
| Net borrowings | 482.76M | 347.87M | -35.01M | -17.07M | 110.24M |
| Total cash from financing activities | 452.04M | 485.73M | -62.82M | -83.28M | 63.94M |
| Change to operating activities | -59.82M | -88.31M | 58.55M | -31.74M | 3.00M |
| Net income | 133.02M | 115.74M | 104.98M | 84.10M | 87.59M |
| Change in cash | 53.35M | -125.33M | 206.46M | -30.78M | -19.32M |
| Begin period cash flow | 205.64M | 330.98M | 120.29M | 151.06M | 170.38M |
| End period cash flow | 258.99M | 205.64M | 326.74M | 120.29M | 151.06M |
| Total cash from operating activities | 83.35M | 79.75M | 311.93M | 117.98M | 126.81M |
| Issuance of capital stock | 0.58M | 178.71M | - | - | - |
| Depreciation | 99.16M | 105.56M | 82.50M | 85.40M | 79.25M |
| Other cashflows from investing activities | 49.89M | -557.43M | 21.85M | 28.62M | -98.96M |
| Dividends paid | 12.78M | 12.56M | 11.59M | 12.21M | 12.34M |
| Change to inventory | - | -152.70M | 77.10M | -8.87M | -64.59M |
| Change to account receivables | -98.72M | 10.54M | -30.04M | -28.24M | 20.91M |
| Sale purchase of stock | -5.99M | -14.72M | -11.45M | -50.00M | -20.00M |
| Other cashflows from financing activities | 645.55M | 548.16M | -5.34M | -5.81M | -15.46M |
| Change to netincome | -69.84M | -8.81M | -2.65M | -10.05M | -2.03M |
| Capital expenditures | 94.69M | 133.84M | 64.36M | 94.49M | 110.19M |
| Change receivables | - | 10.54M | -30.04M | -28.24M | 20.91M |
| Cash flows other operating | - | -129.56M | 104.40M | 23.21M | -96.27M |
| Cash and cash equivalents changes | - | -125.79M | 206.60M | -31.18M | -18.40M |
| Change in working capital | -79.00M | -132.61M | 127.10M | -41.47M | -38.00M |
| Stock based compensation | 7.44M | 10.46M | 2.27M | 1.58M | 1.25M |
| Other non cash items | -91.97M | 1.38M | 0.37M | 0.32M | -20.44M |
| Free cash flow | -11.34M | -54.09M | 247.57M | 23.49M | 16.63M |
Sector: Industrials Industry: Engineering & Construction
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PRIM Primoris Services Corporation |
5.84 9.81% |
65.40 | 13.82 | 10.20 | 0.32 | 1.46 | 0.54 | 8.40 |
| VCISF VINCI SA |
- -% |
124.50 | 14.66 | 12.94 | 1.06 | 2.37 | 1.40 | 8.24 |
| VCISY Vinci SA ADR |
-0.44 1.40% |
30.94 | 14.51 | 12.97 | 1.07 | 2.38 | 1.40 | 8.26 |
| FIX Comfort Systems USA Inc |
52.06 5.40% |
1017.00 | 57.81 | 47.39 | 6.47 | 24.14 | 6.44 | 40.64 |
| FER Ferrovial N.V. |
-0.52 0.88% |
58.71 | 56.50 | 38.76 | 3.96 | 5.93 | 4.13 | 19.50 |
Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, and petrochemical industries, as well as state departments of transportation. The Pipeline Services segment offers a range of services comprising pipeline construction and maintenance, carbon capture and storage services; pipeline facility and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.
2300 North Field Street, Dallas, TX, United States, 75201
214 740 5600
12802
| Name | Title | Year Born |
|---|---|---|
| Mr. Thomas E. McCormick | CEO, Pres & Director | 1962 |
| Mr. Kenneth M. Dodgen CPA | Exec. VP & CFO | 1966 |
| Mr. John F. Moreno Jr. | Exec. VP & COO | 1969 |
| Mr. John M. Perisich | Exec. VP, Chief Legal Officer & Sec. | 1965 |
| Mr. Travis L. Stricker | Chief Accounting Officer & Sr. VP of Fin. | 1971 |
| Blake Holcomb | VP of Investor Relations | NA |
| Mr. Timothy R. Healy | Pres of Energy & Renewables - West | 1960 |
| Mr. Jeremy R. Kinch P.E. | Segment Pres of Energy & Renewables | 1974 |
| Mr. Jaeson Osborn | Segment Pres of Utilities | NA |
| Mr. Stephen Jones | Pres of Primoris Renewable Energy | NA |
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