Selected Quarterly Financial Information (Unaudited) |
Note 25—Selected Quarterly Financial Information (Unaudited)
Selected unaudited quarterly consolidated financial information is presented in the following tables:
|
|
Year Ended December 31, 2013 |
|
(In thousands, except per share data) |
|
1st
Quarter |
|
2nd
Quarter |
|
3rd
Quarter |
|
4th
Quarter |
|
Revenues |
|
$ |
409,995 |
|
$ |
445,013 |
|
$ |
551,333 |
|
$ |
537,879 |
|
Gross profit |
|
46,096 |
|
59,537 |
|
75,465 |
|
74,917 |
|
Net income |
|
10,040 |
|
15,893 |
|
23,193 |
|
25,554 |
|
Net income attributable to Primoris |
|
9,770 |
|
15,564 |
|
21,845 |
|
22,481 |
|
|
|
|
|
|
|
|
|
|
|
Earnings per share: |
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
$ |
0.19 |
|
$ |
0.30 |
|
$ |
0.42 |
|
$ |
0.44 |
|
Diluted earnings per share |
|
$ |
0.19 |
|
$ |
0.30 |
|
$ |
0.42 |
|
$ |
0.44 |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding (in thousands) |
|
|
|
|
|
|
|
|
|
Basic |
|
51,456 |
|
51,562 |
|
51,568 |
|
51,571 |
|
Diluted |
|
51,467 |
|
51,626 |
|
51,671 |
|
51,671 |
|
|
|
Year Ended December 31, 2012 |
|
(In thousands, except per share data) |
|
1st
Quarter |
|
2nd
Quarter |
|
3rd
Quarter |
|
4th
Quarter |
|
Revenues |
|
$ |
291,573 |
|
$ |
337,436 |
|
$ |
431,842 |
|
$ |
480,883 |
|
Gross profit |
|
37,596 |
|
44,004 |
|
56,291 |
|
54,819 |
|
Net income |
|
10,530 |
|
11,857 |
|
17,948 |
|
17,932 |
|
Net income attributable to Primoris |
|
10,486 |
|
11,733 |
|
17,516 |
|
17,021 |
|
|
|
|
|
|
|
|
|
|
|
Earnings per share: |
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
$ |
0.21 |
|
$ |
0.23 |
|
$ |
0.34 |
|
$ |
0.33 |
|
Diluted earnings per share |
|
$ |
0.20 |
|
$ |
0.23 |
|
$ |
0.34 |
|
$ |
0.33 |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding (in thousands) |
|
|
|
|
|
|
|
|
|
Basic |
|
51,096 |
|
51,435 |
|
51,398 |
|
51,404 |
|
Diluted |
|
51,337 |
|
51,435 |
|
51,404 |
|
51,418 |
|
|
|
Year Ended December 31, 2011 |
|
(In thousands, except per share data) |
|
1st
Quarter |
|
2nd
Quarter |
|
3rd
Quarter |
|
4th
Quarter |
|
Revenues |
|
$ |
359,645 |
|
$ |
351,956 |
|
$ |
375,483 |
|
$ |
373,066 |
|
Gross profit |
|
40,630 |
|
41,406 |
|
52,121 |
|
51,046 |
|
Net income |
|
12,278 |
|
14,462 |
|
19,348 |
|
12,471 |
|
|
|
|
|
|
|
|
|
|
|
Earnings per share: |
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
$ |
0.25 |
|
$ |
0.28 |
|
$ |
0.38 |
|
$ |
0.24 |
|
Diluted earnings per share |
|
$ |
0.24 |
|
$ |
0.28 |
|
$ |
0.38 |
|
$ |
0.24 |
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding (in thousands) |
|
|
|
|
|
|
|
|
|
Basic |
|
49,675 |
|
51,044 |
|
51,054 |
|
51,059 |
|
Diluted |
|
51,051 |
|
51,154 |
|
51,054 |
|
51,292 |
|
|