secwatch.observer — SEC 8-K summary
======================================

Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001361538-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primoris Q3 revenue up 7.8% to $1.65B; raises EPS guidance and dividend to $0.08/share
--------------------------------------------------------------------------------

- Revenue of $1,649.1M, up 7.8% YoY; net income of $58.4M ($1.07 diluted EPS).
- Adjusted net income $66.7M ($1.22 diluted EPS); Adjusted EBITDA $127.7M, up 6.4%.
- Record backlog of $11.3B driven by renewables and industrial bookings.
- Raising GAAP EPS guidance to $2.85-$3.00; adjusted EPS to $3.40-$3.55.
- Quarterly cash dividend increased to $0.08 per share, payable Jan 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153824000020/0001361538-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153824000020/prim-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-24-000020

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