secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001361538-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153824000010/0001361538-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153824000010/prim-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer