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Primoris Services PRIM Energy — Goodwill Acquired
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Where this comes from
Reported directly by Primoris Services in its filing.
Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.
The source filing: Primoris Services’s 10-K, filed February 27, 2024.
- Filed
- Feb 27, 2024
- Fiscal year
- FY2023
- Accession
- 0001558370-24-001719
| Line item | Utilities | Energy | Total |
|---|---|---|---|
| Balance at December 31, 2021 | 462,905 | 118,759 | 581,664 |
| Goodwill acquired during the period | 253,379 | 36,765 | 290,144 |
| Balance at December 31, 2022 | 716,284 | 155,524 | 871,808 |
| Goodwill adjustments during the period | (12,822) | (1,336) | (14,158) |
| Balance at December 31, 2023 | $703,462 | $154,188 | $857,650 |
ITEM 16. FORM 10-K SUMMARY
FAQ
- What is Primoris Services's energy — goodwill acquired?
- Primoris Services (PRIM) reported energy — goodwill acquired of $9.19M in Q4 2022.
- What does energy — goodwill acquired mean?
- This metric represents the value of goodwill recognized in the Energy segment specifically arising from business combinations completed during the current period. It highlights the segment's strategic focus on expanding its market presence or capabilities through external acquisitions. Investors use this to evaluate the scale and cost of the segment's inorganic growth strategy.
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