Primoris Services Corporation Secures Contracts Valued at Approximately $400 Million in the Energy/Renewables Segment
24 Octobre 2022 - 10:15PM
Business Wire
Primoris Services Corporation (NASDAQ Global Select: PRIM)
(“Primoris” or the “Company”) announced it was awarded seven
projects secured by the Energy/Renewables segment with a combined
estimated value of approximately $400 million.
The Company was awarded two power projects with a combined
estimated value of $100 million. The first power project is the
retrofit of multiple existing combustion gas turbine generator air
inlet systems. The second project is a design-build cogeneration
repowering project. The Company also received an award for the
construction of a portfolio of utility-scale solar projects in the
Midwest, valued at approximately $100 million dollars. Finally, the
Company was awarded four heavy civil construction projects valued
at more than $200 million. All projects were awarded after the
completion of the third quarter and work is scheduled to begin in
the fourth quarter of 2022.
“These awards demonstrate client confidence in our expertise in
power delivery, our leadership role in the design and construction
of solar projects and our reputation as a trusted contractor for
the state of Texas,” said Tom McCormick, President and Chief
Executive Officer of Primoris. “These new awards represent more
than $400 million of work added to our backlog as we head into 2023
and beyond.”
About Primoris
Primoris Services Corporation is a leading specialty contractor
providing critical infrastructure services to the utility,
energy/renewables and pipeline services markets throughout the
United States and Canada. The Company supports a diversified base
of blue-chip customers with engineering, procurement, construction
and maintenance services. A focus on multi-year master service
agreements and an expanded presence in higher-margin, higher-growth
markets such as utility-scale solar facility installations,
renewable fuels, power delivery systems and communications
infrastructure have also increased the Company’s potential for
long-term growth. Additional information on Primoris is available
at www.prim.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
that reflect, when made, the Company’s expectations or beliefs
concerning future events that involve risks and uncertainties,
including the Company’s future performance. Forward-looking
statements include all statements that are not historical facts and
can be identified by terms such as “anticipates”, “believes”,
“could”, “estimates”, “expects”, “intends”, “may”, “plans”,
“potential”, “predicts”, “projects”, “should”, “will”, “would” or
similar expressions. Forward-looking statements include information
concerning our possible or assumed future results of operations,
business strategies, financing plans, competitive position,
industry environment, potential growth opportunities, the effects
of regulation and the economy, generally. Forward-looking
statements inherently involve known and unknown risks,
uncertainties, and other factors, which may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Actual results may
differ materially as a result of a number of factors, including,
among other things, the risks described in Part I, Item 1A “Risk
Factors” of our Annual Report on Form 10-K for the year ended
December 31, 2021, and our other filings with the U.S. Securities
and Exchange Commission (“SEC”). Such filings are available on the
SEC’s website at www.sec.gov. Given these risks and uncertainties,
you should not place undue reliance on forward-looking statements.
Primoris does not undertake any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221024005713/en/
Blake Holcomb Vice President, Investor Relations 214-545-6773
bholcomb@prim.com
Primoris Services (NASDAQ:PRIM)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Primoris Services (NASDAQ:PRIM)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024