What a fantastic six months it’s been for Primoris. Shares of the company have skyrocketed 64.3%, hitting $128.06. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and maintenance services stocks, including Comfort Systems (NYSE:FIX) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how construction and maintenance services stocks fared in Q3, starting with Granite Construction (NYSE:GVA).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at construction and maintenance services stocks, starting with Primoris (NYSE:PRIM).
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
A number of stocks fell in the afternoon session after markets faded the Nvidia rally in the morning session, as investors remained uncertain about future rate cuts.
A number of stocks fell in the afternoon session after the broader U.S. stock market declined amid investor caution and a pullback in technology stocks.
Primoris Services (PRIM) identified as a top growth stock with strong earnings, soaring revenue, and accelerating cash flow, fitting a proven investment strategy.
Shares of infrastructure construction company Primoris (NYSE:PRIM)
fell 6.7% in the morning session after the company reported third-quarter results that beat revenue and profit estimates but also revealed a concerning drop in profitability. Primoris announced a 32.1% year-over-year increase in revenue to $2.18 billion, and its adjusted earnings per share of $1.88 easily surpassed analyst expectations. The company also raised its financial outlook for the full year. However, investors appeared to focus on a key detail beneath the surface. Gross profit margin, a measure of core profitability, fell to 10.8% from 12.0% in the same period last year. The shrinking margin likely raised concerns about future profitability, overshadowing the otherwise strong quarterly performance and positive guidance.
Infrastructure construction company Primoris (NYSE:PRIM) announced better-than-expected revenue in Q3 CY2025, with sales up 32.1% year on year to $2.18 billion. Its non-GAAP profit of $1.88 per share was 38.8% above analysts’ consensus estimates.
Infrastructure construction company Primoris (NYSE:PRIM)
will be announcing earnings results this Monday after market close. Here’s what you need to know.
The stocks featured in this article have all approached their 52-week highs.
When these price levels hit, it typically signals strong business execution, positive market sentiment, or significant industry tailwinds.
