secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001361538-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000005/0001361538-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000005/prim-20230222x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-23-000005

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