For all of the hubbub about the Keystone XL pipeline, the fact remains that there is a growth spurt underway in the U.S. energy infrastructure. New pipelines are getting built, plants and refineries are getting retrofits, terminals are undergoing expansion, and so on. That's good news for a company like Primoris Services (PRIM) - a relatively unknown engineering company in good shape to leverage further energy infrastructure investments.
Closing The Year On A High Note
Primoris did well relative to sell-side expectations in the fourth quarter. Revenue rose 12% as reported, as strong results from the Western underground segment (pipelines, mostly) offset some slowdowns in projects along the Gulf Coast.
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Primoris Services' Pipeline To Stronger Growth
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