Primoris Services Corporation Reorganizes Business Units and Segment Reporting Structure to Support Growth Opportunities
- The new Utilities Segment will be the consolidation of the Company’s Utilities and Distribution segment and the Transmission and Distribution segment. It will also expand its Telecom Services with the pending
Future Infrastructure Holding, LLC(“Future Infrastructure”) acquisition.
- The new Energy Segment, which was named to better reflect the breadth of its market, will be the consolidation of the Power,
Industrial and Engineeringsegment and the Civil segment.
- The Pipeline Services Segment will be the new name for the Pipeline and Underground segment and will retain its current structure.
FORWARD LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of the federal securities laws. These statements give the current expectations of the Company’s management. Words such as “could,” “will,” “may,” “assume,” “forecast,” “strategy,” “guidance,” “outlook,” “target,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” or “project” and similar expressions are used to identify forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this release include the Company’s expectations regarding the consummation of the transactions described herein.
Forward-looking statements can be affected by assumptions used or known or unknown risks or uncertainties. Consequently, no forward-looking statements can be guaranteed, and actual results may differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause actual results to differ materially from those indicated in the forward-looking statements include, among other things, (a) the risks and uncertainties disclosed in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended
Forward-looking statements speak only as of the date made and can be affected by assumptions the Company might make or by known or unknown risk and uncertainties. Many factors mentioned in this release and in the Company’s annual and quarterly reports will be important in determining future results. Consequently, you are urged to consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of forward-looking statements, as the Company cannot assure you that the Company’s expectations or forecasts expressed in such forward-looking statements will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
For additional information, contact:
Vice President, Investor Relations
Source: Primoris Services Corporation