Primoris Services (NYSE:PRIM) First Quarter 2025 Results
Key Financial Results
- Revenue: US$1.65b (up 17% from 1Q 2024).
- Net income: US$44.2m (up 134% from 1Q 2024).
- Profit margin: 2.7% (up from 1.3% in 1Q 2024). The increase in margin was driven by higher revenue.
- EPS: US$0.82 (up from US$0.35 in 1Q 2024).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Primoris Services Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 76%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are up 6.2% from a week ago.
Valuation
Our analysis of Primoris Services based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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