Primoris Services Corp reported first quarter ended March 31, 2026 results: revenue $1.6 billion, net income $17.4 million, or $0.32 per diluted share, EPS $0.32 per diluted share.
“For the first quarter of 2026, Primoris reported the following highlights (1) : ● Revenue of $1.6 billion, down $0.1 billion, or 5.4%, compared to the first quarter of 2025 primarily driven by lower revenue in the Energy segment, partially offset by growth in the Utilities segment; ● Net income of $17.4 million, or $0.32 per diluted share, down $26.8 million, or $0.49 per diluted share, from the first quarter of 2025;”
Auditor Changes
Primoris Services Corp engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm effective June 3, 2025”
Auditor Changes
Moss Adams LLP resigned as auditor of Primoris Services Corp.
“☐ Item 4.01 Changes in Registrant’s Certifying Accountant On June 3, 2025, Primoris Services Corporation, (the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025.”
Terry D. McCallister was appointed as Lead Independent Director at Primoris Services Corp.
“On April 30, 2025, the Board appointed Terry D. McCallister as Lead Independent Director.”
Tom McCormick departed as President and CEO at Primoris Services Corp.
“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.”
Jeremy Kinch changed role as Chief Operating Officer at Primoris Services Corp.
“The Company also announced that Jeremy Kinch, the Company’s Chief Operations Support Officer, has been promoted to Chief Operating Officer.”
David King was named as Interim President and CEO at Primoris Services Corp.
“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.”
Jeremy Kinch changed role as Chief Operations Support Officer at Primoris Services Corp.
“On January 7, 2025, the Company announced the promotion of Jeremy Kinch, 50 , to the position of Chief Operations Support Officer.”
Earnings Releases
Primoris Services Corp reported the quarter ended March 31, 2024 results: revenue $1,412.7 million, net income $18.9 million, or $0.35 per diluted share.
“provided comments on the Company’s operational performance and outlook for 2024. For the first quarter of 2024, Primoris reported the following highlights (1) : ● Revenue of $1,412.7 million, up $155.8 million, or 12.4 percent, compared to the first quarter of 2023 primarily driven by strong growth in utility-scale solar and industrial construction within the Energy”
Earnings Releases
Primoris Services Corp reported first quarter ended March 31, 2024 results: revenue $1,412.7 million, net income $18.9 million, or $0.35 per diluted share, EPS $0.35 per diluted share.
“provided comments on the Company’s operational performance and outlook for 2024. For the first quarter of 2024, Primoris reported the following highlights (1) : ● Revenue of $1,412.7 million, up $155.8 million, or 12.4 percent, compared to the first quarter of 2023 primarily driven by strong growth in utility-scale solar and industrial construction within the Energy”
Shareholder Votes
Primoris Services Corp shareholders approved Ratification of the selection of Moss Adams LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024. at the 2024-05-01 meeting.
Primoris Services Corp shareholders approved To elect Directors to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2025 or until a successor is elected and qualified. at the 2024-05-01 meeting.
“● Michael E. Ching o Votes “For” – 44,176,672; votes “Withheld” – 243,847; Broker “Non-Votes” – 2,596,089 ● Stephen C. Cook o Votes “For” – 43,178,670; votes “Withheld” – 1,241,849; Broker “Non-Votes” – 2,596,089 ● David L. King o Votes “For” – 43,421,833; votes “Withheld” – 998,686; Broker “Non-Votes” – 2,596,089 ● Carla S. Mashinski o Votes “For” – 44,168,155; votes “Withheld” – 252,364; Broker “Non-Votes” – 2,596,089 ● Terry D. McCallister o Votes “For” – 38,545,572; votes “Withheld” – 5,874,947; Broker “Non-Votes” – 2,596,089 ● Thomas E. McCormick o Votes “For” – 44,167,115; votes “Withheld” – 253,404; Broker “Non-Votes” – 2,596,089 ● Jose R. Rodriguez o Votes “For” – 43,508,962; votes “Withheld” – 911,557; Broker “Non-Votes” –2,596,089 ● John P. Schauerman o Votes “For” – 44,036,615; votes “Withheld” – 383,904; Broker “Non-Votes” – 2,596,089 ● Patricia K. Wagner o Votes “For” – 44,138,074; votes “Withheld” – 282,445; Broker “Non-Votes” – 2,596,089”
Earnings Releases
Primoris Services Corp reported the full year 2023 results: revenue $5.7 billion, net income $126.1 million, EPS $2.33 per diluted share. Guidance initiated.
“For the full year 2023, Primoris reported the following highlights (1) : ● Revenue of $5.7 billion, up $1.3 billion, or 29.3 percent, compared to the full year of 2022 driven by strong growth in the Energy and Utilities segments, including contributions from the acquisitions of PLH and B Comm ● Net income of $126.1 million, or $2.33 per diluted share, down 5.2 percent from the full year of 2022 due to higher income tax and interest expense, partially offset by higher operating income”
Earnings Releases
Primoris Services Corp reported the fourth quarter 2023 results: revenue $1.5 billion, net income $37.7 million, EPS $0.69 per diluted share. Guidance initiated.
“For the fourth quarter 2023, Primoris reported the following highlights (1) : ● Revenue of $1.5 billion, up $186.4 million, or 14.0 percent, compared to the fourth quarter of 2022 driven by renewables growth in the Energy segment ● Net income of $37.7 million, or $0.69 per diluted share, down 9.3 percent from the fourth quarter of 2022 primarily due to higher income tax and interest expense, partially offset by higher operating income”
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