Primoris nets $140M electrical deal in Northern California

ConDig (09-Sept-19). Texas-based construction and infrastructure company Primoris Services Corp has secured a $140 million deal for electric utility work in Northern California.

Under the deal with the unnamed client, Primoris will carry out wildfire hardening, pole replacements, reconductor work and underground maintenance.

It is estimated that the deal will generate about $60 million per calendar year over the course of the contract, the company said.

Last month, Primoris reported net income was $17.8 million for the quarter ended June 30 compared with $11.7 million in the year-ago period. 

It comes as revenue rose to $789.9 million from $648.8 million in the same period last year.

The company said the increase was primarily fueled by incremental revenue from its Willbros acquisition and organic growth in its pipeline division.

In June. Primoris bagged civil engineering and mechanical and electrical contracts worth a total of $69 million

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