secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001361538-25-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153825000022/0001361538-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153825000022/prim-20250430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-25-000022

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