secwatch.observer — SEC 8-K summary
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Issuer:     Primoris Services Corp (PRIM)
CIK:        0001361538
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001361538-26-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primoris Q1 2026: revenue $1.6B (-5.4% YoY), adj EPS $0.59 ($0.98 prior), acquires PayneCrest Electric
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- Net income $17.4M ($0.32 diluted) down from $44.2M ($0.81) in Q1 2025; adjusted net income $32.2M ($0.59) down from $53.5M ($0.98).
- Revenue $1.6B, down 5.4% YoY from $1.7B; Energy segment decline partially offset by Utilities growth.
- Adjusted EBITDA $60.5M, down 39.1% from $99.4M in Q1 2025.
- Total backlog $11.6B, down $0.3B from Q4 2025; MSA backlog $7.5B.
- Completed acquisition of PayneCrest Electric, Inc. on May 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361538/000136153826000014/0001361538-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361538/000136153826000014/prim-20260430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001361538-26-000014

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