Primoris Services Management
Management criteria checks 3/4
Primoris Services' CEO is Tom McCormick, appointed in Apr 2019, has a tenure of 5.83 years. total yearly compensation is $7.00M, comprised of 12.7% salary and 87.3% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $4.89M. The average tenure of the management team and the board of directors is 5.1 years and 5.5 years respectively.
Key information
Tom McCormick
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 12.7% |
| CEO tenure | 5.8yrs |
| CEO ownership | 0.1% |
| Management average tenure | 5.1yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
Does Primoris Services (NYSE:PRIM) Deserve A Spot On Your Watchlist?
Jan 30
Primoris Services Corporation's (NYSE:PRIM) Price Is Out Of Tune With Earnings
Jan 17Primoris: Microsoft CEO Comments Mean Faster Growth
Dec 30Why Primoris Services Corporation (NYSE:PRIM) Could Be Worth Watching
Dec 05Do Primoris Services' (NYSE:PRIM) Earnings Warrant Your Attention?
Oct 23Primoris Is A Politically Neutral Renewables Infrastructure Value Play
Oct 15There's Reason For Concern Over Primoris Services Corporation's (NYSE:PRIM) Massive 26% Price Jump
Oct 10Are Investors Undervaluing Primoris Services Corporation (NYSE:PRIM) By 20%?
Sep 20Is Primoris Services (NYSE:PRIM) A Risky Investment?
Aug 24Primoris Services Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 09Primoris Q2: Exceptional Even If AI Demand Slows
Aug 07Getting In Cheap On Primoris Services Corporation (NYSE:PRIM) Might Be Difficult
Jul 25If EPS Growth Is Important To You, Primoris Services (NYSE:PRIM) Presents An Opportunity
Jul 12Primoris Services: Tailwinds From Solar, Sales Growth Underappreciated
Jul 11A Look At The Intrinsic Value Of Primoris Services Corporation (NYSE:PRIM)
Jun 09Primoris Services Corporation Just Beat EPS By 347%: Here's What Analysts Think Will Happen Next
May 12These 4 Measures Indicate That Primoris Services (NYSE:PRIM) Is Using Debt Reasonably Well
May 03Primoris Services Corporation's (NYSE:PRIM) P/E Still Appears To Be Reasonable
Apr 18Primoris: AI Power Play
Apr 02At US$42.57, Is It Time To Put Primoris Services Corporation (NYSE:PRIM) On Your Watch List?
Mar 31Primoris Services Corporation (NYSE:PRIM) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 29Here's Why We Think Primoris Services (NYSE:PRIM) Might Deserve Your Attention Today
Jan 29Should You Investigate Primoris Services Corporation (NYSE:PRIM) At US$32.21?
Dec 12Primoris Services (NYSE:PRIM) Takes On Some Risk With Its Use Of Debt
Nov 06Primoris Services: IRA Tailwind Not Priced In
Oct 11Primoris Services Corporation: Growth, Value, And Momentum
Sep 06Is Now An Opportune Moment To Examine Primoris Services Corporation (NYSE:PRIM)?
Aug 01Do Primoris Services' (NYSE:PRIM) Earnings Warrant Your Attention?
Jul 13We Think Primoris Services (NYSE:PRIM) Is Taking Some Risk With Its Debt
Jun 07Primoris Services: Looking Solid For FY23
Jun 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$165m |
| Jun 30 2024 | n/a | n/a | US$154m |
| Mar 31 2024 | n/a | n/a | US$144m |
| Dec 31 2023 | US$7m | US$891k | US$126m |
| Sep 30 2023 | n/a | n/a | US$130m |
| Jun 30 2023 | n/a | n/a | US$125m |
| Mar 31 2023 | n/a | n/a | US$136m |
| Dec 31 2022 | US$3m | US$833k | US$133m |
| Sep 30 2022 | n/a | n/a | US$121m |
| Jun 30 2022 | n/a | n/a | US$122m |
| Mar 31 2022 | n/a | n/a | US$108m |
| Dec 31 2021 | US$3m | US$737k | US$116m |
| Sep 30 2021 | n/a | n/a | US$118m |
| Jun 30 2021 | n/a | n/a | US$118m |
| Mar 31 2021 | n/a | n/a | US$115m |
| Dec 31 2020 | US$2m | US$653k | US$105m |
| Sep 30 2020 | n/a | n/a | US$100m |
| Jun 30 2020 | n/a | n/a | US$92m |
| Mar 31 2020 | n/a | n/a | US$77m |
| Dec 31 2019 | US$1m | US$594k | US$82m |
| Sep 30 2019 | n/a | n/a | US$88m |
| Jun 30 2019 | n/a | n/a | US$85m |
| Mar 31 2019 | n/a | n/a | US$79m |
| Dec 31 2018 | US$1m | US$560k | US$77m |
Compensation vs Market: Tom's total compensation ($USD7.00M) is about average for companies of similar size in the US market ($USD6.62M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
CEO
Tom McCormick (62 yo)
5.8yrs
Tenure
US$7,004,628
Compensation
Mr. Thomas E. McCormick, also known as Tom, has been the Chief Executive Officer and President of Primoris Services Corporation since November 4, 2019 and April 1, 2019 respectively and serves as its Direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.8yrs | US$7.00m | 0.11% $ 4.9m | |
| Executive VP & CFO | 6.3yrs | US$3.00m | 0.097% $ 4.1m | |
| Executive VP | 11.8yrs | US$3.22m | 0.27% $ 11.6m | |
| Chief Accounting Officer & Senior VP of Finance | 6.3yrs | no data | 0.012% $ 533.2k | |
| Chief Information Officer | 2.1yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Human Resources Officer | 2.1yrs | no data | no data | |
| Chief Client Relationship Officer | 1.1yrs | no data | no data | |
| Chief Operations Support Officer | 5.1yrs | no data | 0.014% $ 597.4k | |
| President of Energy | less than a year | no data | no data |
5.1yrs
Average Tenure
58yo
Average Age
Experienced Management: PRIM's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.5yrs | US$7.00m | 0.11% $ 4.9m | |
| Independent Director | 4.6yrs | US$240.91k | 0.053% $ 2.3m | |
| Independent Director | 5.9yrs | US$245.91k | 0.041% $ 1.7m | |
| Independent Director | 8.3yrs | US$240.91k | 0.22% $ 9.6m | |
| Independent Lead Director | 16.6yrs | US$255.91k | 0.015% $ 629.4k | |
| Independent Director | 4.6yrs | US$240.91k | 0.029% $ 1.2m | |
| Independent Director | 2.8yrs | US$225.91k | 0.020% $ 868.9k | |
| Non-Executive Chairman | 9.8yrs | US$345.91k | 0.044% $ 1.9m | |
| Independent Director | 3.8yrs | US$225.91k | 0.028% $ 1.2m |
5.5yrs
Average Tenure
65yo
Average Age
Experienced Board: PRIM's board of directors are considered experienced (5.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 23:10 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Primoris Services Corporation is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Burleson | Canaccord Genuity |
| Lee Jagoda | CJS Securities, Inc. |
| Robert Labick | CJS Securities, Inc. |