{"schema_version":"secwatch.filing_event.v1","accession":"0001361538-26-000017","form_type":"8-K","ticker":"PRIM","cik":"0001361538","company_name":"Primoris Services Corp","filed_at":"2026-06-22T20:27:43+00:00","discovered_at":"2026-06-22T20:29:00.343913+00:00","generated_at":"2026-06-22T20:29:16.577351+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Primoris slashes FY2026 guidance, COO exits; Renewables cost overruns persist","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001361538-26-000017","json":"https://secwatch.observer/filing/0001361538-26-000017.json","markdown":"https://secwatch.observer/filing/0001361538-26-000017.md","text":"https://secwatch.observer/filing/0001361538-26-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1361538/000136153826000017/0001361538-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1361538/000136153826000017/prim-20260622x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T20:29:16.577351+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a209d8140d62f114c4e3eff830e9d9382d3a292","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361538/000136153826000017/0001361538-26-000017-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year of 2026"},{"label":"Net income","value":"between $71.0 million and $101.0 million"},{"label":"EPS","value":"between $1.30 and $1.85 per fully diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"deebda88f7","claim":"Jeremy Kinch departed as Chief Operating Officer at Primoris Services Corp.","evidence_excerpt":"On June 22, 2026, the Company announced that Jeremy Kinch, the Company’s Chief Operating Officer (“COO”) departed the Company effective the same date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1361538/000136153826000017/0001361538-26-000017-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}