secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K/A
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001361538-23-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primoris Q2 revenue +38% to $1.41B; raises EPS guidance to $2.15-$2.35
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- Revenue $1,413.4M, up 38.2% YoY; net income $39.0M ($0.72 EPS) vs $50.1M ($0.93 EPS) in Q2 2022.
- Adjusted net income $43.4M ($0.80 adjusted EPS), up $17.3M from Q2 2022.
- Adjusted EBITDA $102.4M, up 82.3% YoY; backlog $6.6B (+44.1%), MSA backlog $2.0B.
- Raised 2023 EPS guidance to $2.15-$2.35 and adjusted EPS to $2.60-$2.80 per share.
- Declared $0.06/share cash dividend, payable Oct 13, 2023 to holders of record Sept 29, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000028/0001361538-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153823000028/prim-20230802x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001361538-23-000028

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