---
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"
generated_at: "2026-06-05T14:53:47.492757+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Primoris FY2023 revenue $5.7B (+29%); net income down 5%; record backlog $10.9B; dividend $0.06

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-24-000003
- JSON: https://secwatch.observer/filing/0001361538-24-000003.json
- Plain text: https://secwatch.observer/filing/0001361538-24-000003.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter 2023
  - Revenue: $1.5 billion
  - Net income: $37.7 million
  - EPS: $0.69 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153824000003/0001361538-24-000003-index.htm
- Earnings Releases
  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.
  - Period: the full year 2023
  - Revenue: $5.7 billion
  - Net income: $126.1 million
  - EPS: $2.33 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153824000003/0001361538-24-000003-index.htm

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