Primoris Services Corporation Announces Heavy Civil Award Valued at $19 Million
January 04 2018 - 7:30AM
Primoris Services Corporation (NASDAQ:PRIM)
(“Primoris” or “Company”) today announced a new heavy civil award
valued at $19 million. The contract was secured by Primoris
Heavy Civil, part of the Civil segment. This award was signed
in the fourth quarter of 2017 and will therefore be included in the
2017 year-end backlog calculation.
- The project was awarded by the Texas Department of
Transportation for a project located in Houston.
- The award is for two and a half miles of new roadway, including
earthwork grading, the construction of four bridges, a four lane
concrete paved boulevard roadway with intersections, pipe and inlet
storm drainage system, retaining walls, traffic signals, and
roadway illumination.
- Work is scheduled to commence in the first quarter of 2018 and
to be completed in the third quarter of 2019.
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 TholkingDirector of Investor Relations(214)
740-5615ktholking@prim.com
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