Primoris slashes FY2026 guidance, COO exits; Renewables cost overruns persist

Primoris Services Corp

FY2026 net income guidance cut to $71M–$101M from $223M–$234M; EPS now $1.30–$1.85.
Renewables revenue expected ~$2.1B vs $3.0B in 2025; six projects with cost overruns.
COO Jeremy Kinch departs effective June 22; CEO Koti Vadlamudi assumes his duties.
Energy segment awarded ~$2B in Q2 projects for natural gas, industrial, and data centers.
Repurchased $50M of stock at ~$111.29/share in Q2; $100M remaining on buyback program.

item 2.02 item 5.02 item 7.01 item 9.01

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Selected #9 for 2026-06-22. Read digest

Executive movements

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Departed

Jeremy Kinch

Chief Operating Officer

PRIM · Primoris Services Corp

Effective: 2026-06-22
Filed: June 22, 2026, 4:27 PM ET

On June 22, 2026, the Company announced that Jeremy Kinch, the Company’s Chief Operating Officer (“COO”) departed the Company effective the same date.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Primoris Services Corp reported the full year of 2026 results: net income between $71.0 million and $101.0 million, EPS between $1.30 and $1.85 per fully diluted share. Guidance lowered.

Period: the full year of 2026
Net income: between $71.0 million and $101.0 million
EPS: between $1.30 and $1.85 per fully diluted share
Guidance: lowered
Result: guidance update

Exact text from the filing

For the full year of 2026, net income is expected to be between $71.0 million and $101.0 million. Earnings per share (“EPS”) is expected to be between $1.30 and $1.85 per fully diluted share.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeremy Kinch departed as Chief Operating Officer at Primoris Services Corp.

Action: departed
Role: Chief Operating Officer

Exact text from the filing

On June 22, 2026, the Company announced that Jeremy Kinch, the Company’s Chief Operating Officer (“COO”) departed the Company effective the same date.

View on SEC.gov

171 earnings releases filed in the last 30 days. Browse all earnings releases →

Primoris Services Corp filing history →

Source: SEC EDGAR

accession 0001361538-26-000017

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