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.
Continue reading here:
Primoris Services' Pipeline To Stronger Growth
Showing posts with label Team Inc. Show all posts
Showing posts with label Team Inc. Show all posts
Friday, March 2, 2012
Thursday, January 5, 2012
Investopedia: Team Inc. Making The Most Out Of Maintenance
Right now "weird" may be the best word to describe the market for large-scale engineering firms and many of their customers. While utility, infrastructure and industrial construction have slowed to a crawl, activity is quite strong in the energy sector. On the other hand, not all energy is the same and many companies are trying to figure out ways to get out of operations like refining. As one of only two specialty maintenance service companies with real national coverage, Team Inc. (Nasdaq:TISI) is nevertheless seeing some solid upside from an ongoing maintenance cycle at customer refineries.
Another Solid Quarter
Team Inc. has been doing well recently, and this quarter was no exception, though there is definitely some deceleration in the business. Revenue rose 19% this quarter, with 13% organic growth. Across the board, Team's profitability metrics looked solid. Reported GAAP operating income rose about 24% this quarter, with adjusted EBITDA rising 22% and adjusted net income rising 29%. Management also once again raised its financial guidance for the full year.
Please read more here:
http://stocks.investopedia.
Another Solid Quarter
Team Inc. has been doing well recently, and this quarter was no exception, though there is definitely some deceleration in the business. Revenue rose 19% this quarter, with 13% organic growth. Across the board, Team's profitability metrics looked solid. Reported GAAP operating income rose about 24% this quarter, with adjusted EBITDA rising 22% and adjusted net income rising 29%. Management also once again raised its financial guidance for the full year.
Please read more here:
http://stocks.investopedia.
Subscribe to:
Posts (Atom)