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05.05.26 - 22:18
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Primoris Services Corporation Reports First Quarter 2026 Results (Business Wire)
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its first quarter ended March 31, 2026 and provided comments on the Company's operational performance and outlook for 2026.
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;
Adjusted net income of $32.2 million, or $0.59 per diluted share, a decrease of $21.3 million, or $0.39 per diluted share, from the first quarter of 2025;
Total backlog of $11.6 billion, down $0.3 billion from the fourth quarter of 2025, including total Master Service Agreements (“MSA”) backlog of $7.5 billion;
Adjusted earnings...
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21.04.26 - 22:51
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Primoris Services Corporation Schedules First Quarter 2026 Earnings Conference Call and Webcast (Business Wire)
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced it will report first quarter 2026 financial results on Tuesday, May 5, 2026, after market close. The Company's press release will be available on the Primoris website at www.prim.com.
In conjunction with the press release, management will host a conference call and webcast on Wednesday, May 6, 2026, at 9:00 a.m. U.S. Central Time (10:00 a.m. U.S. Eastern Time), to discuss the Company's first quarter 2026 results and business outlook.
Interested parties are invited to dial-in at 1-800-715-9871, or from outside the U.S. at 1-646-307-1963, using access code: 1324356, or by asking for the Primoris conference call. A link to the webcast will be accessible from the “Investors” section of the Company's website at www.prim.com.
A replay of the conference call will be available Thursday, May 7, 2026, beginning at 5:00 p.m. U.S. Central Time for seven days. The phone number for the confer...
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31.03.26 - 14:48
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Primoris Services Corporation to Acquire PayneCrest Electric, Inc., Expanding Electrical Capabilities (Business Wire)
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) announced today that it has entered into a definitive purchase agreement to acquire PayneCrest Electric, Inc. (“PayneCrest”) in an all-cash transaction valued at $422 million.
The acquisition increases the Company's exposure to the high-growth data center services market and expands opportunities for integrating its industrial and renewables businesses with complementary electrical construction capabilities. PayneCrest is expected to be accretive to Primoris' revenue growth, cash flow, and operating income margin targets. For the full year 2026, PayneCrest is estimated to generate total revenue between $350 and $370 million and total adjusted earnings before interest, tax, depreciation, and amortization (“adjusted EBITDA”), a non-GAAP measure, of $38 to $42 million. The Company estimates that, for the full year 2026, the acquisition will contribute between $260 to $280 million of revenue and...
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