secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001361538-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primoris Q2 revenue up 38% to $1.41B; raises adjusted EPS guidance to $2.60-$2.80
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- Revenue $1,413.4M (+38.2% YoY); net income $39.0M ($0.72 diluted EPS), down vs prior year on $40.1M gain.
- Adjusted net income $43.4M ($0.80 diluted EPS), up 66% YoY; Adjusted EBITDA $102.4M, up 82%.
- Backlog $6.6B (+44.1% YoY), including $2.0B MSA backlog (+15.9%).
- Guidance raised: GAAP EPS $2.15-$2.35, adjusted EPS $2.60-$2.80.
- Declared $0.06/sh dividend, record Sep 29, payable Oct 13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000025/0001361538-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000025/prim-20230802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-23-000025

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