Primoris Services Corporation (PRIM)

Primoris Services Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,367	5,715	4,421	3,498	3,491
Revenue Growth (YoY)	11.40%	29.29%	26.39%	0.18%	12.40%
Cost of Revenue	5,664	5,128	3,964	3,081	3,121
Gross Profit	703.25	587.49	456.89	416.66	370.21
Selling, General & Admin	383.35	328.73	281.58	230.11	202.84
Operating Expenses	383.35	328.73	281.58	230.11	202.84
Operating Income	319.89	258.76	175.31	186.55	167.38
Interest Expense	-65.32	-78.17	-39.21	-18.5	-19.92
Currency Exchange Gain (Loss)	2.67	1.16	1.09	-0.1	0.38
Other Non Operating Income (Expenses)	-2.34	-4.08	-2.28	-1.5	1.23
EBT Excluding Unusual Items	254.92	177.67	134.9	166.46	149.07
Merger & Restructuring Charges	-	-	-15.7	-14.6	-3.43
Gain (Loss) on Sale of Assets	-	-	40.08	-	-
Pretax Income	254.92	177.67	159.29	151.86	145.64
Income Tax Expense	74.03	51.52	26.27	36.12	40.66
Earnings From Continuing Operations	180.89	126.15	133.02	115.74	104.98
Net Income	180.89	126.15	133.02	115.74	104.98
Net Income to Common	180.89	126.15	133.02	115.74	104.98
Net Income Growth	43.40%	-5.17%	14.93%	10.24%	27.52%
Shares Outstanding (Basic)	54	53	53	53	48
Shares Outstanding (Diluted)	55	54	54	53	49
Shares Change (YoY)	0.65%	0.86%	1.13%	9.31%	-4.80%
EPS (Basic)	3.37	2.37	2.50	2.20	2.17
EPS (Diluted)	3.31	2.33	2.47	2.17	2.16
EPS Growth	42.06%	-5.67%	13.83%	0.46%	34.16%
Free Cash Flow	381.76	95.55	-11.34	-54.1	248.64
Free Cash Flow Per Share	7.00	1.76	-0.21	-1.02	5.11
Dividend Per Share	0.260	0.240	0.240	0.240	0.240
Dividend Growth	8.33%	-	-	-	-
Gross Margin	11.04%	10.28%	10.33%	11.91%	10.60%
Operating Margin	5.02%	4.53%	3.97%	5.33%	4.79%
Profit Margin	2.84%	2.21%	3.01%	3.31%	3.01%
Free Cash Flow Margin	6.00%	1.67%	-0.26%	-1.55%	7.12%
EBITDA	415.42	365.8	274.47	292.11	249.88
EBITDA Margin	6.53%	6.40%	6.21%	8.35%	7.16%
D&A For EBITDA	95.52	107.04	99.16	105.56	82.5
EBIT	319.89	258.76	175.31	186.55	167.38
EBIT Margin	5.02%	4.53%	3.97%	5.33%	4.79%
Effective Tax Rate	29.04%	29.00%	16.49%	23.78%	27.92%

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q