Primoris Services Corp - Company Profile
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Primoris Services Corp (Primoris) is a provider of infrastructure services, specializing in construction, maintenance, replacement, fabrication, and engineering. It provides a range of products and services that enhance its utility-scale solar construction operations including the electrical balance of system (eBOS) solution, and battery storage and operation and maintenance services. The company caters to a diverse customer base that includes solar facility developers, utility firms, refining and petrochemical companies, communications providers, midstream and downstream entities, engineering firms, power producers, and transportation agencies. It utilizes various contracting methods, including multi-year Master Service Agreements. The company operates throughout the US and Canada, focusing on markets within the energy, renewable energy, and utility sectors. Primoris is headquartered in Dallas, Texas, the US.
Headquarters
United States of America
Address
2300 N. Field Street, Suite 1900, Dallas, Texas, 75201
Website
www.prim.com
Telephone
1 214 7405600
No of Employees
3,055
Industry
Construction
Ticker Symbol & Exchange
PRIM (NYSE)
Revenue (2024)
$7.6B
19%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
52%
(2024 vs 2023)
Market Cap*
$5.0B
Net Profit Margin (2024)
XYZ
27.8%
(2024 vs 2023)
* As of and is in US$
Primoris Services Corp premium industry data and analytics
Products and Services
| Services |
|---|
| Infrastructure Construction |
| Engineering |
| Fabrication |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In March, the company signed an agreement to acquire PayneCrest Electric Inc, an electrical contractor serving industrial, manufacturing, and advanced facilities sectors. |
| 2024 | Contracts/Agreements | In December, the company was selected to undertake the mechanical construction of the new Unit 4 at the Grand River Energy Center (GREC) located in Chouteau, Oklahoma. This project will utilize advanced simple cycle technology to address the requirements of the Grand River Dam Authority’s (GRDA) changing grid, replacing the facility's final coal-fired unit and enhancing wind power generation. |
| 2024 | Contracts/Agreements | In August, the company formed a strategic agreement with Venture Engineering & Construction, Inc. to explore new opportunities in the renewable energy, general industrial, and gas processing facility markets. This collaboration leverages the unique strengths of both organizations to deliver comprehensive, innovative, and integrated engineering, procurement, and construction solutions. |
Competitor Comparison
| Key Parameters | Primoris Services Corp | Quanta Services Inc | MasTec Inc | M. A. Mortenson Co | Sterling Infrastructure Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Dallas | Houston | Coral Gables | Minneapolis | The Woodlands |
| State/Province | Texas | Texas | Florida | Minnesota | Texas |
| No. of Employees | 3,055 | 69,500 | 36,000 | 6,000 | 4,400 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David L. King | Chairman | Executive Board | 2015 | 73 |
| Koti Vadlamudi | Director; President; Chief Executive Officer | Executive Board | 2025 | 55 |
| Ken Dodgen | Chief Financial Officer; Executive Vice President | Senior Management | 2018 | 60 |
| Jeremy Kinch | Executive Vice President; Chief Operating Officer | Senior Management | 2025 | 52 |
| Travis Stricker | Chief Accounting Officer; Senior Vice President - Finance | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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