Shares of Primoris Services (NASDAQ: PRIM) skyrocketed 17.09% in after-hours trading on Monday following the release of the company's exceptional second-quarter 2025 financial results. The infrastructure construction and maintenance services provider significantly outperformed analyst expectations, demonstrating robust growth and operational efficiency.
Primoris reported adjusted earnings per share (EPS) of $1.68 for Q2, handily beating the IBES estimate of $1.08 by 55.6%. The company's revenue surged to $1.89 billion, surpassing the expected $1.69 billion by 11.8% and marking a 20.84% increase from the same period last year. Adjusted EBITDA came in at $154.8 million, well above the estimated $112.1 million, while adjusted net income reached $92.2 million, significantly higher than the projected $59 million.
Adding to the positive sentiment, Primoris provided an optimistic outlook for the full fiscal year 2025. The company forecasts adjusted EPS in the range of $4.90 to $5.10, indicating strong confidence in its future performance. Analysts are likely to revise their projections upward in light of these results, potentially driving further interest in the stock. The impressive quarterly performance and upbeat guidance suggest that Primoris is well-positioned to capitalize on the growing demand for infrastructure services in the coming months.