Earnings Call Summary | Primoris Services(PRIM.US) Q1 2024 Earnings Conference
Earnings Call Summary | Primoris Services(PRIM.US) Q1 2024 Earnings Conference
The following is a summary of the Primoris Services Corporation (PRIM) Q1 2024 Earnings Call Transcript:
以下是普里莫里斯服务公司（PRIM）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Primoris Services reported a Q1 revenue of $1.4 billion, a 12.4% increase from the prior year.
Gross profit stood at approximately $133 million for the quarter, primarily driven by higher revenue and a better revenue mix.
Adjusted EBITDA rose by 40% from the prior year to reach $73.8 million.
The company ended the quarter with robust liquidity of $451 million while also improving cash used in operations to $28.5 million.
Full-year EPS guidance of $2.50 to $2.70 per share remains unchanged.
Primoris Services报告称，第一季度收入为14亿美元，比上年增长12.4％。
本季度毛利约为1.33亿美元，这主要是由收入增加和收入组合改善所推动的。
调整后的息税折旧摊销前利润比上年增长了40％，达到7,380万美元。
该公司在本季度末实现了4.51亿美元的强劲流动性，同时还将运营中使用的现金提高到2,850万美元。
全年每股收益预期为2.50美元至2.70美元，保持不变。
Business Progress:
业务进展：
Primoris' business is positively impacted by growing infrastructure investment, primarily in energy transition and grid modernization in North America.
Even with some seasonal delays, the Utilities segment managed to deliver comparable margins.
Renewable energy and industrial construction activities primarily drove significant growth and margin expansion in the Energy segment.
Primoris finished the quarter with a healthy backlog of $2.1 billion and expects booking to pick up in Q2.
With an objective of achieving a 9% to 12% annual growth rate in gross profit by 2026, the company is keen on investing in renewable power delivery and maintaining performance in its foundational businesses.
Despite anticipating a deceleration towards year-end, an increase in activity within the Utilities segment is expected in the second and third quarters.
The company looks forward to expanding in the power for data centers market and is also eyeing larger solar job bids.
An exploratory approach is being taken towards acquisition opportunities, focusing on alignment rather than just valuation.
Primoris的业务受到不断增长的基础设施投资的积极影响，主要是北美的能源转型和电网现代化。
尽管存在一些季节性延误，但公用事业板块仍设法实现了可比的利润率。
可再生能源和工业建筑活动主要推动了能源领域的显著增长和利润扩大。
Primoris在本季度结束时积压了21亿美元，预计第二季度预订量将有所回升。
该公司的目标是到2026年实现9％至12％的毛利年增长率，该公司热衷于投资可再生能源交付并保持其基础业务的业绩。
尽管预计到年底会减速，但预计公用事业板块的活动将在第二和第三季度增加。
该公司期待扩大数据中心电力市场，也在考虑更大的太阳能招聘机会。
正在对收购机会采取探索性方法，侧重于调整，而不仅仅是估值。
More details: Primoris Services IR
更多详情： Primoris 服务 IR
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