Estimated value of $ 130 million
DALLAS, November 04, 2021– (BUSINESS WIRE) –Primoris Services Corporation (NASDAQ Global Select: PRIM) (âPrimorisâ or âCompanyâ) today announced the award of a solar project with an estimated value of $ 130 million. The contract was obtained by the Energy / Renewables segment of the Company.
âThis is an important contract, not only because of its size, but also because it shows the strength of our relationships with our clients,â said Tom McCormick, President and CEO of Primoris. âBeing chosen by repeat customers – in this case for our fourth project – is a real source of pride for our entire team in this partnership. For our Renewable Energy team in particular, this demonstrates our ability to get our job done.
The award is for the engineering, procurement and construction of a large-scale solar installation in the southwest. Initial construction of the project will begin in the first quarter of 2022 and completion of the project is expected in the fourth quarter of 2022.
Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy / renewable energy and pipeline services markets in the United States and Canada. The Company supports a diverse base of premier customers with engineering, procurement, construction and maintenance services. The focus on multi-year framework service contracts and an increased presence in higher-margin, higher-growth markets such as large-scale solar installations, renewable fuels, transmission and distribution systems electricity and communications infrastructure have also increased the Company’s long-term potential. growth over time. Additional information about Primoris is available at www.primoriscorp.com.
This press release contains certain forward-looking statements which reflect, when made, the Company’s expectations or beliefs regarding future events that involve risks and uncertainties, including the future performance of the Company. Forward-looking statements include all statements that are not historical fact and can be identified by words such as “expects”, “believes”, “may”, “believes”, “expects”, “has the” intention to “,” could “,” could “,,” “potential”, “predicted”, “plans”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information about our possible or expected future operating results, our business strategies, our financing plans, our competitive position, the industry environment, potential growth opportunities, the effects of regulation and the economy in general. forward-looking statements inherently involve risks, uncertainties and other known and unknown factors, which may cause our actual results, performance or achievements to be materially different from the results, performance or achievement. ns futures expressed or implied by forward-looking statements. Actual results may differ materially due to a number of factors, including, but not limited to, the risks described in Part I, Section 1A âRisk Factorsâ of our Annual Report on Form 10-K for the year. ended December 31, 2020, and our other filings with the United States Securities and Exchange Commission (âSECâ). These documents are available on the SEC’s website at www.sec.gov. In view of these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. .
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211104005302/en/
Brook Wootton, Vice President, Investor Relations
Primoris service company
214-545-6773, [email protected]