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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