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22.06.26 - 22:06
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Primoris Services Corporation Provides Business Update (Business Wire)
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Updates Financial Outlook and Announces Chief Operating Officer Departure
Announces New Project Awards and Share Purchases in the Second QuarterDALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced a series of business updates including the departure of its Chief Operating Officer (“COO”), effective today. The Company also provided an update to its financial outlook for the full year of 2026, which it last updated in May 2026 as part of its first quarter earnings announcement.
Additional Renewables Cost Overruns and Delays
Additional challenges and cost overruns were identified as a result of continued progress on projects in the Company's Renewables business, including through an ongoing assessment by a third-party industry expert. The expected cost overruns are primarily related to six projects previously discussed by the Company. Two of the six identified projects have been substantially completed in the second quarter, one is exp...
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08.06.26 - 22:06
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Primoris Services Corporation Announces Leadership Changes (Business Wire)
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced that Tim Healy, President, ARB Industrial, Inc., a Primoris company, has been named Interim President, Renewables. Tim will succeed Anthony Vorderbruggen who will depart from the Company, effective today. The Company is conducting a search process to identify a permanent replacement for the role, which will include internal and external candidates.
“I am confident in Tim's ability to lead our renewables business during this transition,” said Koti Vadlamudi, President and Chief Executive Officer. “Tim brings decades of business leadership, construction experience, and a strong track record of successful operational execution, and I appreciate his willingness to step into the role. Primoris is committed to investing and driving growth in our industry-leading renewables business and we are well-positioned to capitalize on the opportunities ahead while continuing to deliver safe, hi...
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