secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001361538-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/0001361538-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000016/prim-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer