---
schema_version: "secwatch.filing_event.v1"
accession: "0001361538-23-000005"
form_type: "8-K"
ticker: "PRIM"
cik: "0001361538"
company_name: "Primoris Services Corp"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:21:04.753550+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primoris reports Q4 and FY2022 results: revenue up 26.4% to $4.42B, net income up 14.9% to $133M, record backlog $5.5B

## Summary
- Full year 2022 revenue $4,420.6M (+26.4% YoY); net income $133.0M ($2.47 diluted EPS) up 14.9%.
- Q4 2022 revenue $1.3B (+50.3% YoY); net income $41.5M ($0.77 diluted EPS) up 40.5%.
- Record backlog $5.5B (+37% from year-end 2021), including $1.9B MSA backlog.
- Adjusted EBITDA $283.4M for FY2022; Q4 adjusted EBITDA $95.6M (7.2% of revenue).
- Board declared $0.06 per share cash dividend, payable April 14, 2023 to holders of record March 31, 2023.

## SEC filing metadata
- accession: 0001361538-23-000005
- form_type: 8-K
- ticker: PRIM
- cik: 0001361538
- company_name: Primoris Services Corp
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000005/0001361538-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000005/prim-20230222x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-23-000005
- JSON: https://secwatch.observer/filing/0001361538-23-000005.json
- Plain text: https://secwatch.observer/filing/0001361538-23-000005.txt

## Key facts
- Earnings Releases
  Primoris Services Corp reported the year ended December 31, 2022 results: revenue $4,420.6 million, net income $133.0 million, EPS $2.47 per diluted share. Guidance initiated.
  - Period: the year ended December 31, 2022
  - Revenue: $4,420.6 million
  - Net income: $133.0 million
  - EPS: $2.47 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: For the full year 2022, Primoris reported the following highlights (1) : ● Revenue of $4,420.6 million, up $923.0 million, or 26.4 percent, compared to the full year of 2021 driven by strong growth in the Utilities and Energy/Renewables segments, including $516.8 million, or 14.8 percent, revenue growth excluding acquisitions ● Net income of $133.0 million, or $2.47 per diluted share, up 14.9 percent from the full year of 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000005/0001361538-23-000005-index.htm
- Earnings Releases
  Primoris Services Corp reported the fourth quarter ended December 31, 2022 results: revenue $1.3 billion, net income $41.5 million, EPS $0.77 per diluted share. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $1.3 billion
  - Net income: $41.5 million
  - EPS: $0.77 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: For the fourth quarter 2022, Primoris reported the following highlights (1) : ● Revenue of $1.3 billion, up $444.7 million, or up 50.3 percent, compared to the fourth quarter of 2021 driven by strong renewables growth, primarily design and construction of utility scale solar facilities, and $227.8 million from acquisitions ● Net income of $41.5 million, or $0.77 per diluted share, up 40.5 percent from the fourth quarter of 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000005/0001361538-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.