---
schema_version: "secwatch.filing_event.v1"
accession: "0001361538-23-000016"
form_type: "8-K"
ticker: "PRIM"
cik: "0001361538"
company_name: "Primoris Services Corp"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:36:05.447029+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primoris Q1 revenue up 60% to $1.26B; adjusted EPS $0.18, dividend $0.06

## Summary
- Q1 revenue $1,256.9M, up 60.2% YoY; net income $1.3M ($0.02 diluted EPS) vs loss a year ago.
- Adjusted net income $9.9M ($0.18 diluted EPS); adjusted EBITDA $52.8M, up 133.5%.
- Backlog $5.6B, up 38.1% YoY; MSA backlog $2.0B.
- Board declared $0.06/share dividend, payable July 14 to holders of record June 30.
- Stockholders approved 2023 Equity Incentive Plan, authorizing 6.5M shares of common stock.

## SEC filing metadata
- accession: 0001361538-23-000016
- form_type: 8-K
- ticker: PRIM
- cik: 0001361538
- company_name: Primoris Services Corp
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/prim-20230503x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-23-000016
- JSON: https://secwatch.observer/filing/0001361538-23-000016.json
- Plain text: https://secwatch.observer/filing/0001361538-23-000016.txt

## Key facts
- Shareholder Votes
  Primoris Services Corp shareholders approved Ratification of the selection of Moss Adams LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-03 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: Item 5.07 Submission of Matters to a Vote of Security Holders ​ The Company’s Annual Meeting was held on May 3, 2023. The total number of shares of the Company’s Common Stock issued, outstanding and entitled to vote at the meeting was 53,282,636 shares. Represented at the meeting either in person or by proxy were 48,422,905 shares, or 90.9% of shares entitled to vote. The results of the votes for the proposals were as follows: ​ Proposal 1 ​ To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 or until a successor is elected and qualified. ​ ● Michael E. Ching o Votes “For” – 46,004,431; votes “Withheld” – 895,817; Broker “Non-Votes” – 1,522,657 ● Stephen C. Cook o Votes “For” – 44,885,078; votes “Withheld” – 2,015,170; Broker “Non-Votes” – 1,522,657 ● David L. King o Votes “For” – 45,308,538; votes “Withheld” – 1,591,710; Broker “Non-Votes” – 1,522,657 ● Carla S. Mashinski o Votes “For” – 45,711,526; votes “Withheld” –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm
- Shareholder Votes
  Primoris Services Corp shareholders approved Approval of the adoption of the Company’s 2023 Equity Incentive Plan. at the 2023-05-03 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: Item 5.07 Submission of Matters to a Vote of Security Holders ​ The Company’s Annual Meeting was held on May 3, 2023. The total number of shares of the Company’s Common Stock issued, outstanding and entitled to vote at the meeting was 53,282,636 shares. Represented at the meeting either in person or by proxy were 48,422,905 shares, or 90.9% of shares entitled to vote. The results of the votes for the proposals were as follows: ​ Proposal 1 ​ To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 or until a successor is elected and qualified. ​ ● Michael E. Ching o Votes “For” – 46,004,431; votes “Withheld” – 895,817; Broker “Non-Votes” – 1,522,657 ● Stephen C. Cook o Votes “For” – 44,885,078; votes “Withheld” – 2,015,170; Broker “Non-Votes” – 1,522,657 ● David L. King o Votes “For” – 45,308,538; votes “Withheld” – 1,591,710; Broker “Non-Votes” – 1,522,657 ● Carla S. Mashinski o Votes “For” – 45,711,526; votes “Withheld” –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm
- Shareholder Votes
  Primoris Services Corp shareholders approved Approval of the Frequency of Advisory Votes on Named Executive Officer Compensation. at the 2023-05-03 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: Item 5.07 Submission of Matters to a Vote of Security Holders ​ The Company’s Annual Meeting was held on May 3, 2023. The total number of shares of the Company’s Common Stock issued, outstanding and entitled to vote at the meeting was 53,282,636 shares. Represented at the meeting either in person or by proxy were 48,422,905 shares, or 90.9% of shares entitled to vote. The results of the votes for the proposals were as follows: ​ Proposal 1 ​ To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 or until a successor is elected and qualified. ​ ● Michael E. Ching o Votes “For” – 46,004,431; votes “Withheld” – 895,817; Broker “Non-Votes” – 1,522,657 ● Stephen C. Cook o Votes “For” – 44,885,078; votes “Withheld” – 2,015,170; Broker “Non-Votes” – 1,522,657 ● David L. King o Votes “For” – 45,308,538; votes “Withheld” – 1,591,710; Broker “Non-Votes” – 1,522,657 ● Carla S. Mashinski o Votes “For” – 45,711,526; votes “Withheld” –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm
- Shareholder Votes
  Primoris Services Corp shareholders approved Approval of the adoption of the Company’s Named Executive Officer Compensation Plan. at the 2023-05-03 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: Item 5.07 Submission of Matters to a Vote of Security Holders ​ The Company’s Annual Meeting was held on May 3, 2023. The total number of shares of the Company’s Common Stock issued, outstanding and entitled to vote at the meeting was 53,282,636 shares. Represented at the meeting either in person or by proxy were 48,422,905 shares, or 90.9% of shares entitled to vote. The results of the votes for the proposals were as follows: ​ Proposal 1 ​ To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 or until a successor is elected and qualified. ​ ● Michael E. Ching o Votes “For” – 46,004,431; votes “Withheld” – 895,817; Broker “Non-Votes” – 1,522,657 ● Stephen C. Cook o Votes “For” – 44,885,078; votes “Withheld” – 2,015,170; Broker “Non-Votes” – 1,522,657 ● David L. King o Votes “For” – 45,308,538; votes “Withheld” – 1,591,710; Broker “Non-Votes” – 1,522,657 ● Carla S. Mashinski o Votes “For” – 45,711,526; votes “Withheld” –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm
- Shareholder Votes
  Primoris Services Corp shareholders approved To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 or until a successor is elected and qualified. at the 2023-05-03 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-03
  source text: Item 5.07 Submission of Matters to a Vote of Security Holders ​ The Company’s Annual Meeting was held on May 3, 2023. The total number of shares of the Company’s Common Stock issued, outstanding and entitled to vote at the meeting was 53,282,636 shares. Represented at the meeting either in person or by proxy were 48,422,905 shares, or 90.9% of shares entitled to vote. The results of the votes for the proposals were as follows: ​ Proposal 1 ​ To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 or until a successor is elected and qualified. ​ ● Michael E. Ching o Votes “For” – 46,004,431; votes “Withheld” – 895,817; Broker “Non-Votes” – 1,522,657 ● Stephen C. Cook o Votes “For” – 44,885,078; votes “Withheld” – 2,015,170; Broker “Non-Votes” – 1,522,657 ● David L. King o Votes “For” – 45,308,538; votes “Withheld” – 1,591,710; Broker “Non-Votes” – 1,522,657 ● Carla S. Mashinski o Votes “For” – 45,711,526; votes “Withheld” –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm

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