Primoris Services Corp. (PRIM) posted fourth-quarter 2011 net income of $12.47 million versus $12.25 million in the prior-year quarter, with quarterly earnings per share remaining flat at $0.24.
Revenues for the 2011 fourth quarter rose 12% to $373.1 million from $333.2 million in the earlier year period, mainly due to higher revenues at the West Construction Services segment, led by the California-based Underground group at which revenues grew by $66.3 million from the 2010 period.
In addition, the company announced that on February 24, 2012, its board declared a $0.03 per share cash dividend to stockholders of record as of March 30, 2012, payable on or about April 16, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.