{"schema_version":"secwatch.filing_event.v1","accession":"0001361538-24-000003","form_type":"8-K","ticker":"PRIM","cik":"0001361538","company_name":"Primoris Services Corp","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.950082+00:00","generated_at":"2026-06-05T14:53:47.492757+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Primoris FY2023 revenue $5.7B (+29%); net income down 5%; record backlog $10.9B; dividend $0.06","bullets":["Full year 2023 revenue $5.7B (up 29.3% YoY); net income $126.1M, $2.33 diluted EPS (down 5.2%).","Q4 2023 revenue $1.5B (up 14% YoY); net income $37.7M, $0.69 diluted EPS (down 9.3%).","Adjusted EBITDA FY23 $379.5M (+33.9%); record total backlog $10.9B (+19.8%).","Cash dividend of $0.06 per share; record date March 28, 2024; payable April 15, 2024.","Full year operating cash flow $198.6M, up $115.2M from 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001361538-24-000003","json":"https://secwatch.observer/filing/0001361538-24-000003.json","markdown":"https://secwatch.observer/filing/0001361538-24-000003.md","text":"https://secwatch.observer/filing/0001361538-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1361538/000136153824000003/0001361538-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1361538/000136153824000003/prim-20240221x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:53:47.492757+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3b39a2aa1547e6d722a1ebf2a3765c78b99f4d45","claim":"Primoris Services Corp reported the fourth quarter 2023 results: revenue $1.5 billion, net income $37.7 million, EPS $0.69 per diluted share. Guidance initiated.","evidence_excerpt":"For the fourth quarter 2023, Primoris reported the following highlights (1) : ● Revenue of $1.5 billion, up $186.4 million, or 14.0 percent, compared to the fourth quarter of 2022 driven by renewables growth in the Energy segment ● Net income of $37.7 million, or $0.69 per diluted share, down 9.3 percent from the fourth quarter of 2022 primarily due to higher income tax and interest expense, partially offset by higher operating income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361538/000136153824000003/0001361538-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter 2023"},{"label":"Revenue","value":"$1.5 billion"},{"label":"Net income","value":"$37.7 million"},{"label":"EPS","value":"$0.69 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3b656e2e92477eebeae21c482f6c9be9fb1e667a","claim":"Primoris Services Corp reported the full year 2023 results: revenue $5.7 billion, net income $126.1 million, EPS $2.33 per diluted share. Guidance initiated.","evidence_excerpt":"For the full year 2023, Primoris reported the following highlights (1) : ● Revenue of $5.7 billion, up $1.3 billion, or 29.3 percent, compared to the full year of 2022 driven by strong growth in the Energy and Utilities segments, including contributions from the acquisitions of PLH and B Comm ● Net income of $126.1 million, or $2.33 per diluted share, down 5.2 percent from the full year of 2022 due to higher income tax and interest expense, partially offset by higher operating income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361538/000136153824000003/0001361538-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year 2023"},{"label":"Revenue","value":"$5.7 billion"},{"label":"Net income","value":"$126.1 million"},{"label":"EPS","value":"$2.33 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}