PRIM - Primoris Services Non-GAAP EPS of $0.18 revenue of $1.26B

2023-05-09 16:58:57 ET

• Primoris Services press release ( NYSE: PRIM ): Q1 Non-GAAP EPS of $0.18.
• Revenue of $1.26B (+60.7% Y/Y).
• Backlog of $5.6 billion, up 38.1 percent from the first quarter of 2022, including Master Service Agreements (“MSA”) backlog of $2.0 billion.
• The Company is maintaining its estimates for the year ending December 31, 2023. Net income is expected to be between $2.10 and $2.30 per fully diluted share. Adjusted EPS is estimated in the range of $2.50 to $2.70 for 2023. Adjusted EBITDA for the full year 2023 is expected to range from $350 million to $370 million.

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