logo
Share SHARE
FONT-SIZE Plus   Neg

Primoris Services Reports Flat EPS In Q4 - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Automotive startup Divergent 3D said that a Chinese-led investment syndicate has agreed to commit up to $107 million in financing through a new investment round. Hong Kong-based investment holding company, O Luxe Holdings Limited, led the investment group, which includes Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. Apple Inc. has recently acquired Canada-based startup Vrvana, maker of the Totem augmented reality headset, TechCrunch reported. Both the companies reportedly declined to confirm news about the deal, which is reportedly worth $30 million. Shares of Thomas Cook Group Plc. were losing around 11 percent in the morning trading in London after the British tour operator reported Wednesday weak UK margins in its fiscal 2017, despite higher group profit and revenues. Further, the company lifted its final dividend, and said it is well-positioned to achieve a full year operating result in line with market expectations..
comments powered by Disqus
Follow RTT