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03.11.25 - 22:24
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Primoris Services Corporation Reports Third Quarter 2025 Results (Business Wire)
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2025 and provided comments on the Company's operational performance and outlook for the remainder of 2025.
For the third quarter of 2025, Primoris reported the following highlights (1):
Revenue of $2,178.4 million, up $529.3 million, or 32.1%, compared to the third quarter of 2024 driven by strong growth in the Energy and Utilities segments;
Net income of $94.6 million, or $1.73 per diluted share, an increase of $36.2 million, or $0.66 per diluted share, from the third quarter of 2024;
Adjusted net income of $103.1 million, or $1.88 per diluted share, an increase of $36.4 million, or $0.66 per diluted share, from the third quarter of 2024;
Adjusted earnings before interest, income taxes, depreciation, and amortization (“Adjusted EBITDA”) of $168.7 million, up $41.0 million, or 32.1%, from the third quarter of 2024;
Raisin...
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