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Primoris Services Corp (PRIM.OQ)

PRIM.OQ on NASDAQ Stock Exchange Global Select Market

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23 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Primoris Services Corporation Releases Statement On Utility Customer
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION RELEASES STATEMENT ON UTILITY CUSTOMER.PRIMORIS SERVICES - DO NOT CURRENTLY EXPECT MATERIAL IMPACT TO FINANCIAL PERFORMANCE AS A RESULT OF CUSTOMER'S RECENT CHAPTER 11 ANNOUNCEMENT.PRIMORIS SERVICES CORP - ANTICIPATES FULL RECOVERY OF OUTSTANDING BALANCES FROM CUSTOMER.PRIMORIS SERVICES CORP - CUSTOMER ACCOUNTED FOR LESS THAN 9% OF REVENUES DURING FIRST THREE QUARTERS OF 2018.  Full Article

Primoris Services Corp Announces Power Award Valued Over $31 Mln
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION ANNOUNCES POWER AWARD VALUED OVER $31 MILLION.PRIMORIS SERVICES CORP - CONTRACT WAS SECURED BY ARB INDUSTRIAL, PART OF POWER, INDUSTRIAL, AND ENGINEERING SEGMENT.  Full Article

Primoris Services Announces Underground Award Valued Over $225 Mln
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION ANNOUNCES UNDERGROUND AWARD VALUED OVER $225 MILLION.PRIMORIS SERVICES CORP - CONTRACT WAS SECURED BY ARB UNDERGROUND, PART OF UTILITIES AND DISTRIBUTION SEGMENT.PRIMORIS SERVICES CORP - PRIMORIS ESTIMATES THAT EXPECTED ANNUAL REVENUE FROM THIS CONTRACT IS $75 MILLION PER YEAR OVER COURSE OF CONTRACT.PRIMORIS - MSA IS GUARANTEED FOR 3 YRS WITH OPTION FOR 2 ADDITIONAL 1-YEAR EXTENSIONS, WHICH WOULD INCREASE MSA VALUE TO $375 MILLION OVER 5 YRS.  Full Article

Primoris Services Corp Announces Industrial Award of $90 Mln
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Primoris Services Corp ::ORATION ANNOUNCES INDUSTRIAL AWARD VALUED AT $90 MILLION.PRIMORIS SERVICES- RENEWAL OF EXISTING MASTER SERVICE AGREEMENT WITH A MAJOR OIL PRODUCER WITH A THREE YEAR ANTICIPATED VALUE OF APPROXIMATELY $90 MILLION.ESTIMATES THAT EXPECTED ANNUAL REVENUE FROM THIS CONTRACT IS APPROXIMATELY $30 MILLION PER YEAR OVER COURSE OF CONTRACT.  Full Article

Primoris Services Corp Announces Chief Financial Officer Planned Transition
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Primoris Services Corp ::ORATION ANNOUNCES CHIEF FINANCIAL OFFICER PLANNED TRANSITION.SAYS CFO PETER J. MOERBEEK TO RETIRE.KEN DODGEN WILL BECOME CO'S CHIEF FINANCIAL OFFICER.  Full Article

Primoris Services Corp Announces Field Services Award Valued Over $11 Mln
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION ANNOUNCES FIELD SERVICES AWARD VALUED OVER $11 MILLION.PRIMORIS SERVICES CORP SAYS WORK IS SCHEDULED TO COMMENCE IN Q3 2018, COMPLETION IS EXPECTED IN Q1 2019.  Full Article

Primoris Services Corp Announces Utility And Distribution Awards Valued At $69 Mln
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION ANNOUNCES UTILITY AND DISTRIBUTION AWARDS VALUED AT $69 MILLION.PRIMORIS SERVICES - ANNOUNCED TWO MASTER SERVICE AGREEMENTS WITH A MAJOR UTILITY CUSTOMER WITH A COMBINED ANTICIPATED THREE-YEAR VALUE OF $69 MILLION.PRIMORIS SERVICES CORP - ESTIMATES EXPECTED ANNUAL REVENUE FROM THESE CONTRACTS IS A COMBINED $23 MILLION PER YEAR OVER COURSE OF CONTRACTS.  Full Article

Primoris Services Corp Says On July 9, Entered First Amendment And Joinder To Amended And Restated Credit Agreement
Monday, 9 Jul 2018 

July 9 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORP - ON JULY 9, ENTERED FIRST AMENDMENT AND JOINDER TO AMENDED AND RESTATED CREDIT AGREEMENT.PRIMORIS SERVICES - AMENDMENT AMENDS AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF SEPTEMBER 29, 2017.PRIMORIS SERVICES SAYS AMENDMENT MODIFIES CREDIT AGREEMENT TO INCLUDE A $220 MILLION TERM LOAN - SEC FILING.PRIMORIS- AMENDMENT INCREASES ACCORDION ALLOWING CO TO INCREASE TERM LOAN/BORROWING CAPACITY UNDER $200 MILLION REVOLVING CREDIT FACILITY BY $75 MILLION.PRIMORIS - AMENDMENT EXTENDS MATURITY DATE OF CREDIT AGREEMENT FROM SEPT 29, 2022 TO JULY 9, 2023.  Full Article

Primoris Services Announces Heavy Civil Award Valued At $18 Mln
Tuesday, 29 May 2018 

May 29 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION ANNOUNCES HEAVY CIVIL AWARD VALUED AT $18 MILLION.PRIMORIS SERVICES CORP - CONTRACT WAS SECURED BY PRIMORIS HEAVY CIVIL, PART OF CIVIL SEGMENT.PRIMORIS SERVICES CORP - WORK IS SCHEDULED TO COMMENCE IN Q3 OF 2018 AND TO BE COMPLETED IN Q3 OF 2020.  Full Article

Primoris Services Announces Utilities And Distribution Awards Valued At $63 Mln
Thursday, 19 Apr 2018 

April 19 (Reuters) - Primoris Services Corp ::PRIMORIS SERVICES CORPORATION ANNOUNCES UTILITIES AND DISTRIBUTION AWARDS VALUED AT $63 MILLION.PRIMORIS SERVICES - 4 NEW MSA WITH MAJOR UTILITY CUSTOMERS WITH A 3-YEAR ANTICIPATED VALUE OF ABOUT $63 MILLION.  Full Article