Primoris Services Corporation (NASDAQ Global Select: PRIM)
(“Primoris” or “Company”) today announced two new heavy civil awards
with a combined value of approximately $18 million. The contracts were
secured by James Construction Group, part of the East Construction
Services segment.
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The first project was awarded by the Texas Department of
Transportation and is located in Austin County, Texas. The award is
for the construction of northbound auxiliary lanes on State Highway
36, and includes earthwork, treated subgrade, base, and approximately
53,000 tons of asphalt paving. The project is scheduled to begin in
the first quarter of 2016 and planned completion is in the fourth
quarter of 2017.
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The second project was awarded by the Texas Department of
Transportation and is located in Montgomery County, Texas. The award
is for the construction of a new northbound frontage road on
Interstate 69, and includes earthwork, drainage, base and
approximately 42,000 square yards of reinforced concrete paving. The
project is scheduled to begin in the first quarter of 2016 and planned
completion is in the third quarter of 2017.
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, 2014, 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.
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