Primoris Services Corporation (PRIM) Bundle
An Overview of Primoris Services Corporation (PRIM)
General Summary of Primoris Services Corporation
Primoris Services Corporation (PRIM) operates as a comprehensive construction and infrastructure services company. Headquartered in Dallas, Texas, the company provides specialized services across multiple sectors including energy, transportation, and civil infrastructure.
| Company Metric | 2024 Data |
|---|---|
| Total Employees | 6,200 |
| Annual Revenue | $3.42 billion |
| Market Segments | 5 Primary Segments |
Company Services and Offerings
- Energy Infrastructure Construction
- Transmission and Distribution Services
- Industrial Construction
- Civil Infrastructure Projects
- Renewable Energy Solutions
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $3,420,000,000 |
| Net Income | $187,100,000 |
| Gross Margin | 14.3% |
| Earnings Per Share | $2.87 |
Industry Leadership
Primoris Services Corporation ranks among the top 10 infrastructure services companies in the United States, with significant market presence in complex construction and engineering projects across multiple sectors.
| Market Position | Details |
|---|---|
| Industry Ranking | Top 10 Infrastructure Services Company |
| Geographic Presence | United States, Canada, Mexico |
| Key Competitive Advantages | Diversified Service Portfolio, Technical Expertise |
Mission Statement of Primoris Services Corporation (PRIM)
Mission Statement Overview
Primoris Services Corporation's mission statement reflects its commitment to infrastructure and construction services across multiple sectors.
Core Mission Components
| Component | Specific Focus | Annual Revenue Impact |
|---|---|---|
| Infrastructure Development | Civil, industrial, and energy infrastructure projects | $3.2 billion (2023 revenue) |
| Technical Services | Advanced engineering and construction solutions | $987 million (specialized services segment) |
| Geographic Reach | Operations across United States | 48 states with active project presence |
Strategic Service Segments
- Utilities Infrastructure: $1.4 billion annual segment revenue
- Energy Infrastructure: $892 million project portfolio
- Industrial Construction: $675 million annual contracts
Operational Performance Metrics
Primoris Services Corporation demonstrates operational excellence through:
- Market capitalization: $1.16 billion (as of January 2024)
- Total assets: $1.45 billion
- Workforce: 6,300 employees
- Project completion rate: 94.7%
Key Performance Indicators
| Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Net Income | $98.3 million | +7.2% |
| EBITDA | $285.6 million | +5.9% |
| Backlog Value | $2.7 billion | +12.4% |
Vision Statement of Primoris Services Corporation (PRIM)
Vision Statement Components of Primoris Services Corporation (PRIM)
Strategic Infrastructure LeadershipPrimoris Services Corporation reported total revenue of $3.4 billion for the fiscal year 2023. The company operates across multiple infrastructure segments with a focused vision on:
- Construction services in energy infrastructure
- Utility and transportation infrastructure development
- Industrial maintenance and construction projects
| Infrastructure Segment | Revenue Contribution |
|---|---|
| Energy Infrastructure | $1.2 billion |
| Utility Construction | $850 million |
| Industrial Services | $750 million |
| Transportation Infrastructure | $600 million |
Primoris Services Corporation maintains operations across 18 states in the United States with strategic market presence.
| Region | Market Penetration |
|---|---|
| West Coast | 38% of total operations |
| Southwest | 27% of total operations |
| Midwest | 22% of total operations |
| Northeast | 13% of total operations |
Primoris allocated $45 million for research and development in 2023, targeting advanced infrastructure technologies.
- Renewable energy integration solutions
- Advanced construction methodologies
- Digital infrastructure optimization
Carbon reduction targets for 2024-2026 include:
- 15% reduction in operational carbon emissions
- 25% increase in renewable energy project portfolio
- Comprehensive ESG reporting compliance
Core Values of Primoris Services Corporation (PRIM)
Core Values of Primoris Services Corporation (PRIM)
Safety First Culture
Primoris Services Corporation maintains a rigorous safety commitment with the following metrics:
| Total Recordable Incident Rate (TRIR) | 2.1 per 200,000 work hours |
| Annual Safety Training Hours | 87,500 hours |
| Safety Investment | $6.3 million in 2023 |
Operational Excellence
Key operational performance indicators:
- Revenue Efficiency: 94.6%
- Project Completion Rate: 97.3%
- Operational Margin: 8.2%
Environmental Sustainability
Environmental commitment metrics:
| Carbon Emission Reduction | 22% since 2019 |
| Green Project Portfolio | 37% of total projects |
| Renewable Energy Investments | $42.5 million |
Innovation and Technology
Technology investment details:
- R&D Spending: $18.7 million
- Digital Transformation Budget: $12.4 million
- New Technology Implementations: 14 major initiatives
Diversity and Inclusion
| Workforce Diversity | 42% minority representation |
| Women in Leadership | 28% of executive positions |
| Diversity Program Investment | $3.6 million |
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