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Dec 31, 2020
Primoris Q4 2020 Earnings Report
Primoris reported an increase in revenue and net income for the fourth quarter of 2020.
Key Takeaways
Primoris Services Corporation reported a 14% increase in revenue and an 18% increase in net income for the fourth quarter of 2020. The company's acquisition of Future Infrastructure Holdings, LLC in January 2021 is expected to drive higher-margin growth and recurring revenue.
Revenue increased by 14% compared to the prior year.
Net income attributable to Primoris increased by 18% compared to the prior year.
Fully diluted earnings per share increased by 25% compared to the prior year.
Acquired Future Infrastructure Holdings, LLC to expand utility services capabilities.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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