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Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information (Unaudited)  
Schedule of selected unaudited quarterly consolidated financial information

Selected unaudited quarterly consolidated financial information is presented in the following tables (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2018

 

 

    

1st

    

2nd

    

3rd

    

4th

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Revenue

 

$

504,119

 

$

648,787

 

$

908,902

 

$

877,670

 

Gross profit

 

$

44,560

 

$

71,419

 

$

106,505

 

$

103,253

 

Net income

 

$

4,216

 

$

14,191

 

$

34,805

 

$

34,381

 

Net income attributable to Primoris

 

$

688

 

$

11,715

 

$

32,691

 

$

32,367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.01

 

$

0.23

 

$

0.64

 

$

0.63

 

Diluted earnings per share

 

$

0.01

 

$

0.23

 

$

0.63

 

$

0.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

51,479

 

 

51,531

 

 

51,403

 

 

50,993

 

Diluted

 

 

51,747

 

 

51,793

 

 

51,735

 

 

51,397

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2017

 

 

    

1st

    

2nd

    

3rd

    

4th

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Revenue

 

$

561,502

 

$

631,165

 

$

608,311

 

$

579,017

 

Gross profit

 

$

55,053

 

$

84,483

 

$

70,421

 

$

68,477

 

Net income

 

$

8,512

 

$

22,396

 

$

22,134

 

$

23,808

 

Net income attributable to Primoris

 

$

7,691

 

$

21,545

 

$

20,597

 

$

22,521

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.15

 

$

0.42

 

$

0.40

 

$

0.44

 

Diluted earnings per share

 

$

0.15

 

$

0.42

 

$

0.40

 

$

0.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

51,594

 

 

51,437

 

 

51,441

 

 

51,449

 

Diluted

 

 

51,851

 

 

51,688

 

 

51,707

 

 

51,711