BUSINESS: Primoris Services Corporation Receives More Than $115 Mln In Energy/Renewables Segment Contracts

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

DALLAS–(BUSINESS WIRE)–Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced seven heavy civil awards with a combined value over $115 million. These projects were secured by the Company’s Energy/Renewables Segment. They are located in the Southwest. The range of award start dates begin as early as the fourth quarter of 2021 and end in the back half of 2023 and mid-year 2024.

“These projects are just another example of how, from critical infrastructure to renewable energy, we are delivering projects that are essential to America’s future,” said Tom McCormick, President and Chief Executive Officer of Primoris.

Primoris Services Corporation, a major specialty contractor, provides critical infrastructure services to the Utilities, Energy/Renewables and Pipeline services markets in the United States and Canada. The Company provides engineering, procurement, construction, and maintenance services to a diverse base of blue-chip clients. The Company’s long-term potential for growth has been enhanced by a focus on multi-year master services agreements and an increased presence in higher-margin markets like utility-scale solar plant installations, renewable fuels, and electrical transmission and distribution system. Additional information on Primoris is available at www.primoriscorp.com.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements are statements that do not reflect historical facts. They can be identified using terms like “anticipates”, (“believes”), “could”,

FORWARD LOOKING STATEMENTS

. This press release contains forward-looking statements that describe the Company’s expectations or beliefs regarding future events. These statements may include “anticipates”, (“believes”), “could”, [estimates], “could], “estimates”, and similar expressions” or “will”, “will”, “would”, “would”, “would”, “will”, “would”, “would”, “will”, and other similar expressions. Forward-looking statements contain information about our future operations, business strategies and financing plans, competitive situation, industry environment, growth opportunities, and the effects of regulation. Forward-looking statements are subject to known and unknown risks and uncertainties. These factors could cause our actual results, performance, or achievements to differ materially from the future results, performance, or achievements implied or projected by forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. These risks and uncertainties mean that forward-looking statements should not be relied upon. Primoris is not obligated to update or revise forward-looking statements. This applies regardless of whether new information, future events, or other factors.

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