---
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"
generated_at: "2026-06-22T20:29:16.577351+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361538-26-000017
- JSON: https://secwatch.observer/filing/0001361538-26-000017.json
- Plain text: https://secwatch.observer/filing/0001361538-26-000017.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153826000017/0001361538-26-000017-index.htm
- Executive change
  Jeremy Kinch departed as Chief Operating Officer at Primoris Services Corp.
  - Action: departed
  - Role: Chief Operating Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1361538/000136153826000017/0001361538-26-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.