Highest-materiality recent filing
Primoris Q2 2026 net loss $24.2M; revenue down 10.7% YoY; declares $0.08 dividend
Revenue $1,688.2M, down 10.7% YoY; net loss $24.2M ($0.45 diluted EPS).
Primoris Q2 2026 net loss $24.2M; revenue down 10.7% YoY; declares $0.08 dividend
Revenue $1,688.2M, down 10.7% YoY; net loss $24.2M ($0.45 diluted EPS) vs net income $84.3M in Q2 2025.
Primoris Q2 2026 net loss $24.2M; revenue down 10.7% YoY; declares $0.08 dividend
Revenue $1,688.2M, down 10.7% YoY; net loss $24.2M ($0.45 diluted EPS) vs. net income of $84.3M in Q2 2025.
Primoris slashes FY2026 guidance, COO exits; Renewables cost overruns persist
FY2026 net income guidance cut to $71M–$101M from $223M–$234M; EPS now $1.30–$1.85.
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%).
Primoris Q3 revenue up 19% to $1.53B; net income $48.1M; declares $0.06 dividend
Revenue $1,529.5M (+19.1% YoY) driven by power delivery, renewables, industrial, pipeline.
Primoris Q2 revenue +38% to $1.41B; raises EPS guidance to $2.15-$2.35
Revenue $1,413.4M, up 38.2% YoY; net income $39.0M ($0.72 EPS) vs $50.1M ($0.93 EPS) in Q2 2022.
Primoris Q2 revenue up 38% to $1.41B; raises adjusted EPS guidance to $2.60-$2.80
Revenue $1,413.4M (+38.2% YoY); net income $39.0M ($0.72 diluted EPS), down vs prior year on $40.1M gain.
Primoris COO John F. Moreno Jr. departs; separation includes $1.55M payment
John F. Moreno, Jr. no longer serves as Chief Operating Officer effective May 22, 2023; separation is mutual.
Primoris Q1 revenue up 60% to $1.26B; adjusted EPS $0.18, dividend $0.06
Q1 revenue $1,256.9M, up 60.2% YoY; net income $1.3M ($0.02 diluted EPS) vs loss a year ago.
Primoris to transfer stock listing from Nasdaq to NYSE on April 4, 2023
Primoris voluntarily withdraws from Nasdaq; trading ends April 3, 2023.
Full year 2022 revenue $4,420.6M (+26.4% YoY); net income $133.0M ($2.47 diluted EPS) up 14.9%.
Primoris Q3 revenue $1.28B (+40.6% YoY); record backlog $5.5B; dividend $0.06/sh
Revenue $1,284.1M, up 40.6% YoY, led by Utilities and Energy/Renewables; $155.7M from PLH acquisition.
Primoris completes PLH acquisition; PLH 2021 revenue $668M, net loss $72M with $51M impairment
PLH 2021 revenue $668.4M, net loss $72.3M (includes $51.4M goodwill impairment).
Primoris Q2 record revenue $1.02B, backlog $4.57B (+59% YoY), EPS $0.93
Revenue $1,022.9M record; net income $50.2M; diluted EPS $0.93.
Primoris completes $470M all-cash acquisition of PLH Group, expands utility capabilities
Acquisition closed Aug 1, 2022; Primoris paid $470M cash for PLH Group, a utility-focused specialty services company.
Primoris to acquire PLH Group for $470M; expects double-digit EPS accretion
All-cash purchase price of $470 million; funded via $425M incremental term loans under existing credit facility.
Primoris Q1 net loss $1.7M, revenue $784M, record backlog $4.025B
Revenue $784.4M; net loss $1.7M ($0.03 diluted EPS loss); adjusted EPS $0.01.
Primoris amends employment agreements for CEO, COO, CFO, and Chief Legal Officer
CEO Tom McCormick base salary $850k; bonus target 120% of base; severance 2x base (non-CIC) or 2.5x base+target (CIC).
Primoris amends 8-K to correct Utilities segment margin guidance to 10-13%
Original 8-K filed Feb 28, 2022 had an error in the Outlook section on gross margin target for Utilities segment.
Primoris reports record $4B backlog; FY2021 revenue $3.5B, adjusted EPS $2.70
FY2021 revenue $3.5B (+15% YoY); Utility segment up 21%, Energy/Renewables up 15%.
Primoris amends bylaws to add exclusive forum, remove classified board references
Updated registered office, clarified meeting postponement, and revised stockholder list posting.
Primoris Q3 2021: Revenue $913M, EPS $0.81, Adj EPS $0.89; Backlog $2.7B; authorizes $25M buyback
Revenue of $913.2M; Energy/Renewables up 11%, Utility up 10% vs prior year.
Primoris Q2 revenue $881.6M (-3% YoY); EPS $0.67; declares $0.06 dividend
Revenue $881.6M, down 3% YoY; Utility segment up 25%, Energy/Renewables up 20%, Pipeline down 58%.
On June 22, 2026, the Company announced that Jeremy Kinch, the Company’s Chief Operating Officer (“COO”) departed the Company effective the same date.
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.
On May 22, 2023, Primoris Services Corporation, a Delaware corporation (“Primoris, the “Company”) and John F. Moreno, Jr., reached a mutual agreement of employment separation, pursuant to which Mr. Moreno will no longer serve as Chief Operating Officer of Primoris effective as of May 22, 2023.
Max materiality 0.90 · Median 0.75 · Most common event earnings