Brian Pratt - Primoris Services Chairman

PRIM Stock  USD 43.13  0.03  0.07%   

Chairman

Mr. Brian Pratt is the Chairman of the Board of the Company. He served as our President and Chief Executive Officer from July 2008 through July 31, 2015. He also holds the nonemployee position of Senior Strategic Advisor. Since 1983, he served as the President, Chief Executive Officer and Chairman of the Board of Primoris and its predecessor entity, ARB, Inc. Prior to July 2008, Mr. Pratt was the majority owner of Primoris. Mr. Pratt has over 35 years of handson operations and management experience in the construction industry. Mr. Pratt completed four years of courses in Civil Engineering at California Polytechnic College in Pomona, California. Mr. Pratt has an intimate knowledge of our business, employees, culture, competitors and the effect on our business of various government policies. We believe that his long history and experience with Primoris, his significant ownership position in the Company and his indepth knowledge of the construction industry demonstrate that Mr. Pratt is well qualified to serve on our Board. since 2015.
Age 65
Tenure 9 years
Address 2300 N. Field Street, Dallas, TX, United States, 75201
Phone214 740 5600
Webhttps://www.prim.com

Primoris Services Management Efficiency

The company has return on total asset (ROA) of 0.0439 % which means that it generated a profit of $0.0439 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1076 %, meaning that it created $0.1076 on every $100 dollars invested by stockholders. Primoris Services' management efficiency ratios could be used to measure how well Primoris Services manages its routine affairs as well as how well it operates its assets and liabilities. As of the 19th of April 2024, Return On Tangible Assets is likely to grow to 0.07. Also, Return On Capital Employed is likely to grow to 0.17. At this time, Primoris Services' Return On Tangible Assets are very stable compared to the past year. As of the 19th of April 2024, Fixed Asset Turnover is likely to grow to 9.04, though Net Tangible Assets are likely to grow to (13.5 M).
The company currently holds 1.32 B in liabilities with Debt to Equity (D/E) ratio of 0.81, which is about average as compared to similar companies. Primoris Services has a current ratio of 1.45, which is within standard range for the sector. Debt can assist Primoris Services until it has trouble settling it off, either with new capital or with free cash flow. So, Primoris Services' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Primoris Services sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Primoris to invest in growth at high rates of return. When we think about Primoris Services' use of debt, we should always consider it together with cash and equity.

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CHAIRMAN Age

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Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company was founded in 1960 and is headquartered in Dallas, Texas. Primoris Services operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 10810 people. Primoris Services (PRIM) is traded on New York Stock Exchange in USA. It is located in 2300 N. Field Street, Dallas, TX, United States, 75201 and employs 14,058 people. Primoris Services is listed under Construction & Engineering category by Fama And French industry classification.

Management Performance

Primoris Services Leadership Team

Elected by the shareholders, the Primoris Services' board of directors comprises two types of representatives: Primoris Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Primoris. The board's role is to monitor Primoris Services' management team and ensure that shareholders' interests are well served. Primoris Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Primoris Services' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kenneth CPA, Executive CFO
Peter Brown, Independent Director
Thomas McCormick, President CEO
Travis Stricker, Senior Vice President - Finance, Chief Accounting Officer
Jaeson Osborn, Segment Utilities
Stephen Cook, Lead Independent Director
John Moreno, President COO
Chad Haxton, Chief Officer
Jeremy PE, Segment Renewables
Kenneth Dodgen, CFO, Executive Vice President
John Schauerman, Independent Director
Kate Tholking, Director of Investor Relations
Carla Mashinski, Independent Director
Blake Holcomb, Vice Relations
Peter Moerbeek, CFO, Executive Vice President Director
Stephen Jones, Pres Energy
Brian Pratt, Chairman of The Board, CEO and President and Member of Succession Planning Committee
David King, CEO and Pres
Thomas Tucker, Independent Director
John Perisich, Executive VP, General Counsel and Secretary
Robert Tintsman, Independent Director
Timothy Healy, Pres West
Rhonda Anderson, Chief Officer

Primoris Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Primoris Services a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Primoris Services in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Primoris Services' short interest history, or implied volatility extrapolated from Primoris Services options trading.

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When determining whether Primoris Services is a strong investment it is important to analyze Primoris Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primoris Services' future performance. For an informed investment choice regarding Primoris Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is Primoris Services' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
0.24
Earnings Share
2.33
Revenue Per Share
107.235
Quarterly Revenue Growth
0.14
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.