1.56B 10%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 1.56B 10%
Gross Profit 187M 40%
Cost of Revenue 1.48B 7.9%
Operating expense 106M 24.1%
Net Income 50M 161.5%
EBITDA 91M 84.4%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 4.05B 2.4%
Total Liabilities 2.75B 1.7%
Total Equity 1.3B 4%
Shares Outstanding 54M 0.1%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 16M 156.4%
Cash from investing 35M 738.5%
Cash from financing -24M 58.9%

EPS

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Financial Highlights for Primoris Services Corporation in Q2 '24

Primoris Services Corporation reported a revenue of 1.56B, which is a 10% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 187M, marking a 40% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 1.48B, a 7.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 106M, showing a 24.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 50M, showing a 161.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 91M, showing a 84.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

It was a positive quarter for Primoris Services Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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