Primoris Q1 Revenues Up
For the first quarter of 2010, the company posted a net income of $6.69m, or $0.15 per diluted share, compared to $5.64m, or $0.17 per diluted share, for the prior year period. Operating income was $10.71m, compared to $7m for the year ago period. Gross profit was $24.47m, compared to $14.5m for the year ago period.
Brian Pratt, chairman, president and CEO of Primoris, said: “Our results for the first quarter of 2010 reflect the benefits of our acquisitions and show the promise of our recently expanded service platform and geographic presence with the addition of JCG.
“We believe that our end markets will continue to show improvement in the second half of 2010 and will evolve into a more robust operating environment by year end and into 2011. We remain positioned to capitalize on the opportunities that an improving economic environment can present to experienced, well-capitalized, and well-managed companies.”
Will Primoris continue at same pace in Q2?
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