Primoris Svcs Corp Stock Price, News & Analysis

Primoris Services Corporation (NYSE:PRIM) has announced its participation in two upcoming institutional investor conferences. The company will attend the 12th Annual ROTH Solar & Storage Symposium in Las Vegas on September 9, 2025, and the D.A. Davidson 24th Annual Diversified Industrials & Services Conference in Nashville on September 18, 2025.

Investors can access Primoris' latest investor presentation on the company's website at www.prim.com in the Investor Relations "Events and Presentations" section before the conferences.

Primoris Services Corporation (NYSE:PRIM) reported strong Q2 2025 financial results with significant growth across key metrics. Revenue increased 20.9% to $1.89 billion, driven by strong performance in Energy and Utilities segments. Net income reached $84.3 million ($1.54 per diluted share), up from $49.5 million in Q2 2024.

The company demonstrated improved profitability with Adjusted EBITDA of $154.8 million, up 32.2% year-over-year. Based on strong performance, Primoris raised its full-year 2025 guidance, expecting EPS of $4.40-$4.60 and Adjusted EPS of $4.90-$5.10.

The company maintains a robust backlog of $11.5 billion, with Utilities backlog at $6.0 billion and Energy backlog at $5.5 billion, positioning it well for continued growth in infrastructure solutions across North America.

Primoris Services Corporation (NYSE: PRIM) has scheduled its second quarter 2025 earnings conference call and webcast. The company will release its financial results on Monday, August 4, 2025, after market close.

The earnings conference call will take place on Tuesday, August 5, 2025, at 9:00 a.m. Central Time. Investors can join via phone at 1-800-715-9871 (U.S.) or 1-646-307-1963 (international) using access code 1324356. A webcast will be available through the company's website. A replay will be accessible for seven days starting August 5 at 5:00 p.m. Central Time.

Primoris Services Corporation (NYSE: PRIM) has announced its participation in three upcoming institutional investor conferences in mid-2025. The events include the Stifel 2025 Boston Cross Sector 1x1 Conference on June 3 in Boston, the JP Morgan Energy, Power, Renewables & Mining Conference on June 24 in New York City, and the CJS Securities 25th Annual \"New Ideas\" Summer Conference on July 10 in White Plains. The company will make its latest investor presentation available on its website (www.prim.com) in the Investor Relations section before each conference.

Primoris Services Corporation (NYSE: PRIM) reported strong Q1 2025 financial results with significant growth across key metrics. Revenue increased 16.7% to $1.65 billion, driven by growth in both Energy and Utilities segments. Net income rose to $44.2 million ($0.81 per diluted share), up from $18.9 million in Q1 2024. The company's Adjusted EBITDA grew 34.8% to $99.4 million. Total backlog stood at $11.4 billion, including $5.8 billion in MSA backlog. The company announced a $150 million share purchase authorization over three years and maintained its 2025 outlook with expected net income between $203.3-214.3 million. The Board declared a $0.08 per share dividend payable July 15, 2025.

Primoris Services Corporation (NYSE: PRIM) reported strong Q1 2025 financial results with revenue of $1.65 billion, up 16.7% year-over-year. The company achieved net income of $44.2 million ($0.81 per diluted share), a significant increase from Q1 2024. Key highlights include Adjusted EBITDA of $99.4 million (up 34.8%) and total backlog of $11.4 billion. The growth was driven by strong performance in both Energy and Utilities segments. The company announced a $150 million share buyback program over three years and maintained its full-year 2025 guidance with expected net income between $203.3-214.3 million. The Board declared a dividend of $0.08 per share, payable July 15, 2025.

Primoris Services Corporation (NYSE: PRIM) held its Annual Meeting of Stockholders virtually on April 30, 2025. Stockholders approved the election of eight directors to the board, including new member Harpreet Saluja, Executive VP of Corporate Strategy & Business Development at Ecolab. The meeting also saw the approval of the Advisory, Non-Binding Vote on executive compensation and the ratification of Moss Adams LLP as the company's independent registered public accounting firm for FY2025.

Chairman, Interim President and CEO David L. King acknowledged retiring board member Stephen C. Cook's contributions and welcomed Saluja, highlighting her expertise in merger and acquisitions in the power management sector and background in finance and strategic planning.

Primoris Services (NYSE: PRIM) has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release its Q1 2025 financial results on Monday, May 5, 2025, after market close.

A conference call and webcast to discuss the results will be held on Tuesday, May 6, 2025, at 9:00 a.m. U.S. Central Time. Investors can join via phone using the dial-in numbers 1-800-715-9871 (US) or 1-646-307-1963 (International) with access code 1324356. The webcast will be available through the Investors section of Primoris' website.

A replay will be accessible starting May 6, 2025, at 5:00 p.m. Central Time for seven days, using phone numbers 1-800-770-2030 (US) or 1-647-362-9199 (International) with the same access code.

Primoris Services (NYSE: PRIM) has announced significant leadership changes. David King, Chairman and former CEO, has been appointed as Interim President and CEO, succeeding Tom McCormick who will depart effective March 20, 2025. The Board has initiated a search process for a permanent CEO, considering both internal and external candidates.

Additionally, Jeremy Kinch, previously Chief Operations Support Officer, has been promoted to Chief Operating Officer with immediate effect. The company emphasized that McCormick's departure is not related to Primoris's financial statements or business performance.

Primoris Services operates as a leading provider of critical infrastructure services to utility, energy, and renewables markets across the United States and Canada, specializing in engineering, construction, and maintenance services for utility-scale solar, renewables, power delivery, communications, and transportation infrastructure projects.