Primoris Services Reports Q4 2024 EPS of $1.13 and Record Backlog of $11.87B; Sempra Energy Q4 EPS of $1.50, Revenue $3.76B

Primoris Services, trading under the ticker $PRIM, reported its fourth-quarter 2024 results, achieving an adjusted earnings per share (EPS) of $1.13 and revenues of $1.74 billion. The company noted a record backlog of $11.87 billion, reflecting an 8.91% increase year-over-year, which positions Primoris for strong growth, particularly in its Energy and Utilities segments. In contrast, Sempra Energy, represented by $SRE, announced its fourth-quarter 2024 earnings with an adjusted EPS of $1.50, falling short of estimates of $1.60. The company's revenue for the quarter was reported at $3.76 billion, below the expected $4.88 billion. Sempra's net income reached $665 million, and it raised its five-year capital plan to $56 billion. Additionally, Sempra provided guidance for 2025 EPS in the range of $4.30 to $4.70, revised down from a previous estimate of $4.90 to $5.25.