Primoris Services Corporation (NASDAQ Global Select: PRIM) ("Primoris" or "Company") today announced new contracts and work authorizations totaling $200.6 million for the fourth quarter of 2013. The new contracts and work authorizations include work in the following end markets: power, pipeline, gas utility, industrial, highway/infrastructure, and water/wastewater. These new contracts and work authorizations are in addition to $192 million of previously announced fourth quarter awards.

In the West Construction Services Segment:

  • The ARB Industrial Group was awarded nearly $55 million of new contracts, covering a range of industrial projects in California. The majority of these projects should be complete by the end of the third quarter of 2014.
  • The ARB Underground Group secured over $30 million in new contracts and work authorizations, all of which are slated to be completed by the end of the first half of 2014. This new work consists of:
    • approximately $14 million in new work authorizations for the hydrotesting and retrofitting of existing natural gas pipelines;
    • approximately $13 million for gas and electric distribution work; and
    • approximately $3 million for water pipeline repair.
  • ARB Structures was awarded over $8 million in new contracts for three poured-in-place parking structures. The completion dates for these projects extend through 2014.

In the East Construction Services Segment:

  • James Construction Group was awarded new contract work totaling approximately $73 million, which includes:
    • In Texas and Louisiana, the James Heavy Civil group was awarded $64 million for highway construction projects. This includes a $57 million design-build award for the extension of I-49 in South Louisiana. The I-49 project work should continue through the first half of 2017, while it is estimated the rest of the new project work should be complete by the end of 2014;
    • The James Industrial group was awarded over $5 million for civil and mechanical construction at industrial facilities in Texas and Louisiana. The Cardinal Mechanical division also secured $1 million in new contract awards for chilled and hot water piping in western Texas. The majority of this work is scheduled for completion by the end of the second quarter of 2014; and
    • The James Infrastructure and Maintenance group was awarded over $3 million for industrial and power project site work in Louisiana, Arkansas, and Oklahoma. This work should be completed by the end of the first quarter of 2014.
  • Cardinal Contractors secured approximately $3 million of new water/wastewater work in Florida. This work should be complete by the end of the second quarter of 2014.
  • Sprint Pipeline Services secured approximately $2 million in new contract work from midstream oil & gas companies for various pipeline related projects. The new work includes both capital projects and Master Service Agreement work from the Panhandle to the Eagle Ford Shale region of Texas and also in southern Louisiana. The majority of this new work should be completed by the end of the third quarter of 2014.
  • Saxon Construction secured approximately $12 million in new contract work. The new work is focused on projects involving industrial gas processing in Texas and Alabama. These projects should be complete by the end of 2014.

In the Engineering Segment:

  • OnQuest successfully acquired new work valued at over $19 million. These engineering design and procurement awards for process reformers should be completed by the end of 2014.

ABOUT PRIMORIS

Founded in 1946, Primoris, through various subsidiaries, has grown to become one of the largest construction service enterprises 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, and other customers. The Company's national footprint extends from Florida, along the Gulf Coast, through California, into the Pacific Northwest and 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 risks and uncertainties, including without limitation, those detailed in the "Risk Factors" section and other portions of our Annual Report on Form 10-K, our Form 10-Q, and other filings with the Securities and Exchange Commission. 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.

Primoris Services Corporation
Kate Tholking, 214-740-5615
Director of Investor Relations
ktholking@prim.com