Primoris Q1 revenue up 17% to $1.65B; adjusted EPS $0.98 vs $0.47 prior year

Primoris Services Corp

2025-Q1 EPS reported $0.81 revenue$1,648,112,000

Revenue $1,648.1M, up 16.7% YoY; net income $44.2M ($0.81 diluted EPS).
Adjusted net income $53.5M ($0.98 diluted EPS), up from $25.7M ($0.47).
Adjusted EBITDA $99.4M, +34.8% YoY; total backlog $11.4B (MSA backlog $5.8B).
Board authorized $150M share buyback over three years; declared $0.08/share dividend payable July 15, 2025.
Board appointed lead independent director and committee chairs at April 30 annual meeting.

item 2.02 item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

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Appointed

Terry D. McCallister

Lead Independent Director

PRIM · Primoris Services Corp

Effective: 2025-04-30
Filed: May 5, 2025, 7:59 PM ET

On April 30, 2025, the Board appointed Terry D. McCallister as Lead Independent Director.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Terry D. McCallister was appointed as Lead Independent Director at Primoris Services Corp.

Action: appointed
Role: Lead Independent Director

Exact text from the filing

On April 30, 2025, the Board appointed Terry D. McCallister as Lead Independent Director.

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Primoris Services Corp filing history →

Source: SEC EDGAR

accession 0001361538-25-000022

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