Natalie Han's questions to Primoris Services Corp (PRIM) leadership • Q2 2025
Question
Natalie Han of KeyBanc Capital Markets asked for a quantification of the project closeout payments in the Utility segment during Q2 and their specific impact on the quarter's margins.
Answer
EVP & CFO Ken Dodgen specified that closeouts on certain gas utility projects contributed approximately $6 million of incremental gross profit to the Utility segment during the second quarter.