Primoris Services Corporation Reports Fourth Quarter and Full Year 2022 Results
DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ GS: PRIM) (“Primoris” or the “Company”) today announced financial results for its fourth quarter and full year ended December 31, 2022 and provided the Company’s initial outlook for 2023. Full Year 2022 Results OverviewRevenue for the year ended December 31, 2022 increased by $923.0 million, compared to 2021. Please see the accompanying tables to this press release for reconciliations of the following non‐GAAP financial measures for Primoris’ current and historical results: EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS. The Company defines Adjusted EPS as Adjusted Net Income divided by the diluted weighted average shares outstanding. Because Adjusted Net Income and Adjusted EPS, as defined, exclude some, but not all, items that affect net income and diluted earnings per share, they may not be comparable to similarly titled measures of other companies.
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