Primoris Services (PRIM, Financial) (PRIM - $27.61–NASDAQ) is a diversified engineering and construction company focused on the construction of pipelines, utility scale transmission and distribution, and heavy civil projects. The company reported results that exceeded consensus estimates and increased guidance well above expectations. Management delivered on expected improvements in the Transmission segment by posting double-digit revenue growth and equally impressive margin improvement. In addition, the company announced the acquisition of Future Infrastructure Holdings in mid-December that will add a new platform for growth in telecommunications services.
From Keeley Asset Management Corp (Trades, Portfolio)'s Small Cap Dividend Value Fund fourth-quarter 2020 shareholder commentary.
