Terry D. McCallister
On April 30, 2025, the Board appointed Terry D. McCallister as Lead Independent Director.
Highest-materiality recent filing
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).
Primoris director John Schauerman to retire at 2026 annual meeting; board to shrink to eight
Director John P. Schauerman will not stand for re-election and will retire from the Board effective at the 2026 Annual Meeting on April 30, 2026.
Primoris Q4 net income $51.8M, down 4.1% YoY; FY 2025 EPS $5.02, up 52%; declares $0.08 dividend
Q4 revenue $1.9B (+6.7% YoY); net income $51.8M ($0.95 EPS) vs $54.0M ($1.00 EPS) in Q4 2024.
Primoris Q3 2025 revenue up 32% to $2.18B; raises full-year EPS guidance to $4.75-$4.95
Revenue $2,178.4M (+32.1% YoY); net income $94.6M ($1.73 diluted EPS).
Primoris appoints Koti Vadlamudi as President and CEO effective Nov 10, 2025
Vadlamudi succeeds Interim CEO David King, who remains Chairman of the Board.
Primoris Q2 revenue up 20.9% to $1.89B; raises FY 2025 EPS guidance
Revenue of $1,890.7M (+20.9% YoY); net income $84.3M ($1.54 diluted EPS).
Primoris appoints Baker Tilly as auditor after Moss Adams merger effective June 3, 2025
Moss Adams merged with Baker Tilly US, LLP; Moss Adams resigned as Primoris auditor effective June 3, 2025.
Primoris Q1 revenue up 17% to $1.65B; adjusted EPS $0.98 vs $0.47 prior year
Revenue $1,648.1M, up 16.7% YoY; net income $44.2M ($0.81 diluted EPS).
Primoris sets compensation for Interim CEO David King and COO Jeremy Kinch
David King receives $950k base salary, $1.25M RSUs vesting over 1 year, and up to 120% discretionary bonus.
Primoris appoints David King as Interim CEO, Jeremy Kinch as COO; Tom McCormick departs
Chairman David King named Interim President and CEO, succeeding Tom McCormick, effective March 20, 2025.
Primoris FY2024 revenue $6.4B (+11.4%), net income up 43%, backlog $11.9B; declares $0.08 dividend
Full year revenue $6.4B, up 11.4% YoY; net income $180.9M ($3.31 diluted EPS), up 43.4%.
Jeremy Kinch promoted to COSO, overseeing IT, real estate, fleet, project services and HSE.
Primoris Q3 revenue up 7.8% to $1.65B; raises EPS guidance and dividend to $0.08/share
Revenue of $1,649.1M, up 7.8% YoY; net income of $58.4M ($1.07 diluted EPS).
Primoris Q2 revenue up 10.6% to $1.56B; raises EPS guidance to $2.70-$2.90
Revenue $1,563.7M (+10.6% YoY); net income $49.5M ($0.91 diluted EPS) vs $39.0M ($0.72) year ago.
Primoris Q1 2024 revenue $1.41B (+12.4% YoY); adjusted EPS $0.47, up $0.29
Revenue $1,412.7M, up 12.4% YoY driven by utility-scale solar and industrial construction.
Primoris Q1 revenue up 12.4% to $1.41B; net income $18.9M vs $1.3M YoY
Revenue $1,412.7M, up 12.4% YoY, driven by utility-scale solar and industrial construction.
Primoris declares $0.06/share dividend; annual meeting elects directors
Cash dividend of $0.06 per share declared; record date June 28, 2024, payable July 15, 2024.
Primoris FY2023 revenue $5.7B (+29%); net income down 5%; record backlog $10.9B; dividend $0.06
Full year 2023 revenue $5.7B (up 29.3% YoY); net income $126.1M, $2.33 diluted EPS (down 5.2%).
On April 30, 2025, the Board appointed Terry D. McCallister as Lead Independent Director.
The Company also announced that Jeremy Kinch, the Company’s Chief Operations Support Officer, has been promoted to Chief Operating Officer.
Mr. King succeeds Tom McCormick, who separated from the Company effective March 20, 2025, and resigned from the Board of Directors (the “Board”) effective as of the same date.
On March 14, 2025, Primoris Services Corporation (“Primoris” or the “Company”) announced that David King, the Company’s Chairman and prior Chief Executive Officer (“CEO”), has been named Interim President and CEO.
On January 7, 2025, the Company announced the promotion of Jeremy Kinch, 50 , to the position of Chief Operations Support Officer.
Max materiality 0.85 · Median 0.70 · Most common event earnings