---
schema_version: "secwatch.filing_event.v1"
accession: "0001361538-24-000010"
form_type: "8-K"
ticker: "PRIM"
cik: "0001361538"
company_name: "Primoris Services Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:16:29.372296+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Primoris Q1 revenue up 12.4% to $1.41B; net income $18.9M vs $1.3M YoY

## Summary
- Revenue $1,412.7M, up 12.4% YoY, driven by utility-scale solar and industrial construction.
- Net income $18.9M ($0.35 diluted EPS) vs $1.3M ($0.02) in Q1 2023.
- Adjusted net income $25.8M ($0.47 diluted EPS), up $15.9M YoY.
- Adjusted EBITDA $73.8M, up 39.6% from Q1 2023.
- Total backlog $10.6B (down $0.3B from Q4 2023); MSA backlog $5.8B.

## SEC filing metadata
- accession: 0001361538-24-000010
- form_type: 8-K
- ticker: PRIM
- cik: 0001361538
- company_name: Primoris Services Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361538/000136153824000010/0001361538-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361538/000136153824000010/prim-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-24-000010
- JSON: https://secwatch.observer/filing/0001361538-24-000010.json
- Plain text: https://secwatch.observer/filing/0001361538-24-000010.txt

## Key facts
- Earnings Releases
  Primoris Services Corp reported the quarter ended March 31, 2024 results: revenue $1,412.7 million, net income $18.9 million, or $0.35 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $1,412.7 million
  - Net income: $18.9 million, or $0.35 per diluted share
  - Result: reported results
  source text: provided comments on the Company’s operational performance and outlook for 2024. ​ For the first quarter of 2024, Primoris reported the following highlights (1) : ● Revenue of $1,412.7 million, up $155.8 million, or 12.4 percent, compared to the first quarter of 2023 primarily driven by strong growth in utility-scale solar and industrial construction within the Energy
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153824000010/0001361538-24-000010-index.htm

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