Brief: Primoris Services Corporation Reports Fourth Quarter And Full Year 2022 Results

Primoris Services

27/02/2023 21:35

Feb 27 (Reuters) - Primoris Services Corp  PRIM.O :
    * ORATION REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS
    * QTRLY REVENUE OF $1.3 BILLION, UP $444.7 MILLION, OR UP
50.3
PERCENT, COMPARED TO Q4 OF 2021
    * QTRLY NET INCOME OF $41.5 MILLION, OR $0.77 PER DILUTED
SHARE
    * QTRLY ADJUSTED NET INCOME OF $50.2 MILLION, OR 0.93 PER
DILUTED
SHARE
    * 2023 NET INCOME IS EXPECTED TO BE BETWEEN $2.10 AND $2.30
PER
FULLY DILUTED SHARE
    * 2023 ADJUSTED EPS IS ESTIMATED IN RANGE OF $2.50 TO $2.70
FOR
2023
    * ESTIMATES CAPITAL EXPENDITURES FOR 2022 IN RANGE OF $80 TO
$100
MILLION
    * Q4 EARNINGS PER SHARE VIEW $0.72, REVENUE VIEW $1.31
BILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $2.60, REVENUE VIEW $5.24
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBwc6jqrCa 
Further company coverage:  PRIM.O 

 ((Reuters.Briefs@thomsonreuters.com;))