Primoris Q4 revenue rises 14.9% to $1.7 billion; 2025 EPS outlook $3.70-$3.90
Primoris reported fourth-quarter 2024 revenue of $1.7 billion, up 14.9 percent, and net income of $54.0 million, or $0.99 per diluted share, up 43.3 percent from a year earlier. For 2025, the company expects net income of $203.3 million to $214.3 million and diluted EPS of $3.70 to $3.90. Shareholders also received notice of a $0.08 per share cash dividend, payable on or about April 15, 2025.
Key points
- Full-year 2024 revenue of $6.4 billion, up 11.4 percent; net income of $180.9 million, or $3.31 per diluted share, up 43.4 percent.
- Total backlog of $11.9 billion at December 31, 2024, up 8.9 percent from year-end 2023.
- 2025 outlook: diluted EPS of $3.70 to $3.90 and adjusted EPS of $4.20 to $4.40.
- Cash dividend of $0.08 per share declared February 19, 2025, for stockholders of record as of March 31, 2025.
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.