Primoris Services Q4 Earnings Call Highlights

On the demand environment, Vadlamudi said the company is seeing projections that power demand could grow by 50% over the next decade and potentially double over the next 15 years, driven by data centers, electrification, and on-shoring. He said the company’s largest utility customers’ average CapEx plans suggest about a 50% increase in spending over the next five years compared with the prior five years, with priorities including replacing aging infrastructure, hardening the grid, and expanding capacity to ...