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Primoris Services Corporation Announces Industrial Award Valued Over $40 Million

DALLAS, July 20, 2017 (GLOBE NEWSWIRE) -- Primoris Services Corporation (NASDAQ:PRIM) (“Primoris” or “Company”) today announced a new industrial award valued at over $40 million.  The contract was secured by Primoris Industrial Constructors, part of the Power, Industrial, and Engineering segment. 

  • The project was awarded by a major E&C company for a major chemical manufacturer and supplier for work in Freeport, Texas.
  • The project scope of work includes process equipment foundations, underground electrical, asphalt road paving, underground piping, and mass backfill for a new greenfield monoethylene glycol manufacturing facility.
  • Work is scheduled to commence in the third quarter of 2017, and completion is expected in the second quarter of 2019.

ABOUT PRIMORIS
Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest publicly traded specialty construction and infrastructure companies 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, state departments of transportation, and other customers. Growing both organically and through acquisitions, the Company’s national footprint now extends nearly nationwide and into 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, 2016, 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.

/EIN News/ -- Company Contact                                                                                              
Kate Tholking
Director of Investor Relations
(214) 740-5615
ktholking@prim.com

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