Primoris Services Corporation Announces Heavy Civil Award Valued Over $21 Million
July 06 2017 - 7:30AM
Primoris Services Corporation (NASDAQ:PRIM)
(“Primoris” or “Company”) today announced a new heavy civil award
valued at over $21 million. The contract was secured by
Primoris Heavy Civil, part of the Civil segment.
- The project was awarded by Port Freeport in Freeport,
Texas.
- The project is for the construction of a rail spur and track
yard that includes 21,000 linear feet of track, associated paving,
and drainage improvements. The rail spur will tie into an
existing Union Pacific line and service an ongoing expansion at
Port Freeport.
- Primoris Heavy Civil is pursuing additional project
opportunities presented by the expansion at Port Freeport.
- Work is scheduled to commence in the third quarter of 2017, and
completion is expected in the second quarter of 2018.
ABOUT PRIMORISFounded in 1960,
Primoris, through various subsidiaries, has grown to become one of
the largest publicly traded specialty construction and
infrastructure companies in the United States. Serving diverse
end-markets, Primoris provides a wide range of construction,
fabrication, maintenance, replacement, water and wastewater, and
engineering services to major public utilities, petrochemical
companies, energy companies, municipalities, state departments of
transportation, and other customers. Growing both organically and
through acquisitions, the Company’s national footprint now extends
nearly nationwide and into Canada. For additional information,
please visit www.prim.com.
FORWARD LOOKING STATEMENTS This
press release contains certain forward-looking statements,
including with regard to the Company’s future performance. Words
such as "estimated," "believes," "expects," "projects," “may,” and
"future" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements
inherently involve known and unknown risks, uncertainties, and
other factors, including without limitation, those described in
this press release and those detailed in the "Risk Factors" section
and other portions of our Annual Report on Form 10-K for the period
ended December 31, 2016, and other filings with the Securities and
Exchange Commission. Given these uncertainties, you should
not place undue reliance on forward-looking statements.
Primoris does not undertake any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
Company Contact
Kate Tholking
Director of Investor Relations
(214) 740-5615
ktholking@prim.com
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