What drove PRIM's earnings growth in Q3 2024?

Primoris Services (PRIM) experienced a net income growth rate of 0.21% in Q3 2024, with a net income of $58.44 million compared to $48.14 million in the same period the previous year. The company's earnings growth can be attributed to several factors:

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|PRIM|PRIM.N|Primoris Services|2023 Q4|-9.257608250403605|3.7659E7|169|
|PRIM|PRIM.N|Primoris Services|2024 Q1|1346.030534351145|1.8943E7|169|
|PRIM|PRIM.N|Primoris Services|2024 Q2|26.929186308669813|4.9543E7|169|
|PRIM|PRIM.N|Primoris Services|2024 Q3|21.377534064473245|5.8436E7|169|

1. **Industry Dynamics**: The Construction & Engineering industry, in which Primoris Services operates, is experiencing growth due to increased infrastructure investments and technological advancements. This demand for construction services contributes to higher earnings for companies like Primoris Services.
2. **Company Performance**: Primoris Services has been successful in securing new order wins, which is a positive indicator for future earnings growth. The company's ability to secure contracts and projects is a key driver of its financial performance.

In conclusion, Primoris Services' earnings growth in Q3 2024 can be attributed to a combination of favorable industry conditions and the company's own performance in securing new orders.