Primoris Services Corp Files 2024 10-K
Ticker: PRIM · Form: 10-K · Filed: 2025-02-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, construction
TL;DR
PRIM filed its 2024 10-K. All systems go for pipeline construction.
AI Summary
Primoris Services Corporation filed its 2024 10-K on February 25, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Dallas, Texas, operates in the water, sewer, pipeline, and power line construction sector. The filing details its financial position and operational results for the period.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Primoris Services Corp's financial health and operational performance for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks beyond those typical for a company in the construction sector.
Key Numbers
- 12-31 2024 — Fiscal Year End (Reporting period for the 10-K)
- 2025-02-25 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Primoris Services Corp (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-25 (date) — Filing date
- Dallas, Texas (location) — Company headquarters
FAQ
What were Primoris Services Corp's total revenues for the fiscal year ending December 31, 2024?
The provided text does not contain specific revenue figures for the fiscal year ending December 31, 2024.
What is the company's primary business segment as indicated in the filing?
The company's primary business segment is Water, Sewer, Pipeline, Comm and Power Line Construction, with SIC code 1623.
When was Primoris Services Corp incorporated or last changed its name?
The company's name was last changed from Rhapsody Acquisition Corp. on 2006-05-03, and its name was changed from Primoris Services CORP on 2008-08-21.
What is the SEC file number for Primoris Services Corp?
The SEC file number for Primoris Services Corp is 001-34145.
Where is Primoris Services Corp headquartered?
Primoris Services Corp is headquartered at 2300 N. Field Street, Suite 1900, Dallas, Texas, 75201.
From the Filing
0001558370-25-001397.txt : 20250225 0001558370-25-001397.hdr.sgml : 20250225 20250224174233 ACCESSION NUMBER: 0001558370-25-001397 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 118 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Primoris Services Corp CENTRAL INDEX KEY: 0001361538 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 204743916 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34145 FILM NUMBER: 25658381 BUSINESS ADDRESS: STREET 1: 2300 N. FIELD STREET, SUITE 1900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-740-5600 MAIL ADDRESS: STREET 1: 2300 N. FIELD STREET, SUITE 1900 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: Primoris Services CORP DATE OF NAME CHANGE: 20080821 FORMER COMPANY: FORMER CONFORMED NAME: Rhapsody Acquisition Corp. DATE OF NAME CHANGE: 20060503 10-K 1 prim-20241231x10k.htm 10-K Primoris Services Corporation_December 31, 2024 http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent 0001361538 --12-31 2024 FY false http://fasb.org/us-gaap/2024#InterestIncomeExpenseNonoperatingNet http://fasb.org/us-gaap/2024#InterestIncomeExpenseNonoperatingNet http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent P1Y P1Y P3Y P3Y P3Y P1Y http://fasb.org/us-gaap/2024#BaseRateMember http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#InterestIncomeExpenseNonoperatingNet http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent P3Y 0001361538 prim:EquityPlans2013And2023Member 2024-01-01 2024-12-31 0001361538 prim:EquityPlans2013And2023Member 2023-01-01 2023-12-31 0001361538 prim:EquityPlans2013And2023Member 2022-01-01 2022-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember 2024-01-01 2024-12-31 0001361538 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001361538 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember 2022-01-01 2022-12-31 0001361538 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001361538 us-gaap:RetainedEarningsMember 2024-12-31 0001361538 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001361538 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001361538 us-gaap:RetainedEarningsMember 2023-12-31 0001361538 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001361538 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001361538 us-gaap:RetainedEarningsMember 2022-12-31 0001361538 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001361538 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001361538 us-gaap:RetainedEarningsMember 2021-12-31 0001361538 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001361538 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001361538 us-gaap:CommonStockMember 2024-12-31 0001361538 us-gaap:CommonStockMember 2023-12-31 0001361538 us-gaap:CommonStockMember 2022-12-31 0001361538 us-gaap:CommonStockMember 2021-12-31 0001361538 prim:EquityPlan2023Member 2024-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember prim:EquityPlans2013And2023Member 2022-01-01 2022-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember prim:EquityPlans2013And2023Member 2023-12-31 0001361538 us-gaap:PhantomShareUnitsPSUsMember 2023-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember prim:EquityPlans2013And2023Member 2023-01-01 2023-12-31 0001361538 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheTwoM