Primoris Services Corporation Announces New Heavy Civil Award Valued at $11 Million

DALLAS--()--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new heavy civil award valued at approximately $11 million. The contract was secured by the Primoris James Construction Group, part of the East Construction Services segment. Work is scheduled to commence on the project in the first quarter of 2015 and to be completed in 2016.

  • The project was awarded by the Arkansas Highway Commission and is located in Pulaski County, Arkansas.
  • The project is for the replacement of an overpass bridge that spans the Union Pacific Railroad and the construction of the roadway approaches.
  • The scope of work includes 2,600 cubic yards of bridge concrete, 6,700 linear feet of steel h-piles, 40,000 cubic yards of embankment, and 10,000 tons of asphalt.

ABOUT PRIMORIS

Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest construction service enterprises 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, and other customers. The Company's national footprint extends from Florida, along the Gulf Coast, through California, into the Pacific Northwest and 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, 2013, 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.

Contacts

Primoris Services Corporation
Kate Tholking, 214-740-5615
Director of Investor Relations
ktholking@prim.com

Release Summary

Primoris today announced a new heavy civil award valued at approximately $11 million. The contract was secured by the Primoris James Construction Group, part of the East Construction Services segment.

Contacts

Primoris Services Corporation
Kate Tholking, 214-740-5615
Director of Investor Relations
ktholking@prim.com