Primoris Services Corporation Announces Industrial Award Valued Over $40 Million
20 July 2017 - 9:30PM
Primoris Services Corporation (NASDAQ:PRIM)
(“Primoris” or “Company”) today announced a new industrial award
valued at over $40 million. The contract was secured by
Primoris Industrial Constructors, part of the Power, Industrial,
and Engineering segment.
- The project was awarded by a major E&C company for a major
chemical manufacturer and supplier for work in Freeport,
Texas.
- The project scope of work includes process equipment
foundations, underground electrical, asphalt road paving,
underground piping, and mass backfill for a new greenfield
monoethylene glycol manufacturing facility.
- Work is scheduled to commence in the third quarter of 2017, and
completion is expected in the second 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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