Primoris Services (PRIM) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Primoris Services (PRIM) reported $1.65 billion in revenue for Q1 2025, a year-over-year increase of 16.7$0.98, compared to $0.47 a year ago, indicating significant growth [1] - Revenue exceeded the Zacks Consensus Estimate of$1.5 billion by 9.89%, and EPS surpassed the consensus estimate of $0.72 by 36.11$5.78 billion, below the average estimate of $6.39 billion from two analysts [4] - Total Backlog overall was$11.39 billion, slightly lower than the average estimate of $11.93 billion [4] - Total Backlog for Utilities was$5.61 billion, which was above the average estimate of $5.54 billion [4] Revenue and Profit Metrics - Revenue from Energy was$1.11 billion, exceeding the average estimate of $940.29 million [4] - Revenue from Utilities was$563.41 million, also surpassing the average estimate of $540.31 million [4] - Gross Profit from Energy was$119.08 million, compared to the average estimate of $103.02 million [4] - Gross Profit from Utilities was$51.58 million, exceeding the average estimate of $47.12 million [4] Stock Performance - Primoris Services shares have returned +25.7% over the past month, significantly outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]