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Primoris Services Corporation (PRIMU) news stock charts

Primoris Services Corporation (PRIMU) Investment Summary:

Rhapsody Acquisition Corp. is a blank check company formed on April 24, 2006 to serve as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. On October 10, 2006, we consummated our initial public offering of 5,175,000 units, including 675,000 units subject to the over-allotment option, with each unit consisting of one share of our common stock and one warrant, each to purchase one share of our common stock at an exercise price of $5.00 per share. The units were sold at an offering price of $8.00 per unit, generating total gross proceeds of $41,400,000. Simultaneously with the consummation of our initial public offering, we consummated the private sale of 1,136,364 warrants at $1.10 per warrant to certain of our initial stockholders and affiliates for an aggregate purchase price of $1,250,000.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f06%2f25%2f0001144204-07-033274.html#FIS_BUSINESS"   
www.primoriscorp.com

PRIMORIS SERVICES CORP-UNIT (PRIMU:NASDAQ)

LAST $12.00 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:09 PM 03/5/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of PRIMORIS SERVICES CORP-UNIT (PRIMU)

OPEN
$12.00
PREVIOUS CLOSE
$12.00
DAY HIGH
$12.00
DAY LOW
$12.00
52 WEEK HIGH
08/18/09 - $17.95
52 WEEK LOW
03/20/09 - $3.00
MARKET CAP
75.6M
AVERAGE VOLUME 10 D
10.0
EPS TTM
$0.81
SHARES OUTSTANDING
6.3M
PRIMU Does Not Pay Dividends
P/E TTM
14.8x
K = Thousands  M = Millions  B = Billions

Key developments for PRIMORIS SERVICES CORP-UNIT (PRIMU)

Primoris Services Corporation Appoints Michael D. Killgore as Executive Vice President, Director of Construction Services

Primoris Services Corporation announced that Michael D. Killgore was recently named Executive Vice President, Director of Construction Services for Primoris. In his new role, Mr. Killgore will be responsible for overall management related to the operations of Primoris's recently formed "Construction Services -- East" and "Construction Services.

Primoris Services Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009; Declares Dividend Payable on or About April 15, 2010

Primoris Services Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported consolidated revenues decreased by $25.0 million, or 17.6% to $117.2 million from the fourth quarter of 2008. This decrease was due primarily to reductions in its California industrial business of $30.0 million, a decrease in Florida water and sewer construction of $9.0 million, a $7.8 million decrease in underground and a decrease of $4.1 million in its engineering segment, partially offset by increased revenues of $9.4 million from its cable and conduit business and $16.8 million from its two new acquisitions. Operating income decreased to $7.8 million, or 6.7% of total revenues, compared to $8.3 million, or 5.8% of total revenues, for the same period last year. Net other income was $3.2 million compared to $2.2 million for the fourth quarter of 2008. Income from continuing operations before provision for income taxes increased to $11.1 million, or 9.4% of revenues, from $10.4 million, or 7.3% of revenues, in the fourth quarter of 2008. Net income was $3.7 million, or $0.10 per share (reflecting a tax rate of 38.6%), compared to net income of $7.8 million, or $0.23 per share (reflecting a tax rate of 25.1%), in the same period in 2008. On a pro forma basis net income would have been $6.3 million, or $0.19 per diluted share (reflecting a pro forma tax rate of 39.8%). Fully diluted shares outstanding for the fourth quarter 2009 were approximately 38.1 million compared to 33.3 million for the prior year fourth quarter, an increase of 14.3%. For the full year, the company reported revenue of $467,010,000, operating income of $40,404,000, income from continuing operations before provision for income taxes of $48,111,000, income from continuing operations of $29,761,000 or $0.86 diluted per share, net income of $25,912,000 or $0.75 diluted per share as compared to revenue of $597,822,000, operating income of $35,848,000, income from continuing operations before provision for income taxes of $42,228,000, income from continuing operations of $37,302,000 or $1.32 diluted per share, net income of $36,433,000 or $1.29 diluted per share for the same period last year. The company also announced that its board of directors has declared a $0.025 per share cash dividend to stockholders of record as of March 31, 2010, payable on or about April 15, 2010.

Primoris Services Corporation Reports Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2009

Primoris Services Corporation reported consolidated earnings results for the fourth quarter ended December 31, 2009. For the quarter, the company reported income from continuing operations of $6.79 million or $0.18 diluted per share compared to income from continuing operations of $7.82 million or $0.23 diluted per share for the same period last year.

Primoris Services Corporation financial resources

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PRIMU

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PRIMU transactions

Type
Date
Target
Merger/Acquisition
February 28, 2010
ARB Ecuador Cia. Ltda.
Merger/Acquisition
December 17, 2009
Juniper Flats Quarry
Merger/Acquisition
November 18, 2009
James Construction Group, LLC

More Recent Financial News About Primoris Services Corporation

Primoris Services Corporation Announces 2009 Fourth Quarter and Year End Financial Results

Quote: Q4 2009 Financial Highlights LAKE FOREST, Calif., March 10, 2010 (GLOBE NEWSWIRE) -- Primoris Services Corporation NasdaqPRIMNewsNasdaqPRIMUNewsNasdaqPRIMWNews) ("Primoris" or "Company"), one of the largest specialty contractors and engineering companies in the United States, today announced financial results for its fourth quarter and year ended December 31, 2009. Results for the 2009 and 2008 periods include the effect of discontinued operations from the Company's activities in Ecuador.The Com...
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CORRECTING and REPLACING -- Primoris Services Corporation Announces 2009 Fourth Quarter and Year End Financial Results

Quote: The corrected release follows:Q4 2009 Financial Highlights Primoris Services Corporation NasdaqPRIMNewsNasdaqPRIMUNewsNasdaqPRIMWNews) ("Primoris" or "Company"), one of the largest specialty contractors and engineering companies in the United States, today announced financial results for its fourth quarter and year ended December 31, 2009. Results for the 2009 and 2008 periods include the effect of discontinued operations from the Company's activities in Ecuador.The Company also announced that i...
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Primoris Services Corporation Announces Contracts Totaling $20 Million With Two of the World's Largest Energy Companies

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Primoris Services Corporation Announces $30 Million Design and Supply Contract for Waste Heat Recovery Units

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Primoris Services Corporation Announces Contract for Terminal Expansion at Los Angeles International Airport

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Primoris Services Corporation Announces $34 Million in Contract Awards

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Primoris Services Corporation Completes Acquisition of James Construction Group L.L.C and Announces Addition of 2 New Directors

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Primoris Services Corporation Acquires Juniper Flats Quarry

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Primoris Services Corporation to Present at FBR Capital Markets 2009 Fall Investor Conference

Quote: For additional information on Primoris, please visitThe Primoris Services Corporation logo is available at......
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