Primoris Services (PRIM -2.2%) slips today, despite saying it's received another hefty load of...

|About: Primoris Services Corporation (PRIM)|By:, SA News Editor

Primoris Services (PRIM -2.2%) slips today, despite saying it's received another hefty load of new contract work totaling $322.7M for the period between January 1 and March 31. The new contracts include power, pipeline, gas utility, water/wastewater, and highway infrastructure projects throughout the U.S. About 38% of the new work will be performed under reimbursable contracts and will not be included in its backlog at the end of the quarter.