Every 10-Q that Primoris Services Corporation (PRIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PRIM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRIM filings page.
Primoris Services Corporation reported softer first-quarter 2026 results as Energy segment weakness outweighed growth in Utilities. Revenue was $1.56 billion, down 5.4% from $1.65 billion a year earlier, reflecting lower renewable energy activity and slower project starts.
Net income fell to $17.4 million from $44.2 million, and diluted EPS declined to $0.32 from $0.81, as gross margin compressed to 8.6% from 10.4%. Energy segment margins were pressured by project redesigns, labor productivity challenges, unfavorable weather and lower volumes, while Utilities revenue grew 12.3% with modest margin improvement.
Operating cash flow swung to a $122.6 million use of cash versus $66.2 million provided in the prior year, driven largely by changes in working capital such as lower accounts payable and contract liabilities. The company continued using its $250 million Accounts Receivable Securitization Facility, with $125.0 million of receivables sold and derecognized.
Backlog remained strong at $11.64 billion, with $5.27 billion expected over the next 12 months. After quarter-end, Primoris closed the $399.5 million all-cash acquisition of PayneCrest Electric and amended its credit agreement, increasing the term loan to $779.6 million and expanding the revolver to $750.0 million to support future growth.
Primoris Services Corporation reported strong Q3 2025 results. Revenue rose to $2,178,422 thousand from $1,649,086 thousand a year ago, and diluted EPS increased to $1.73 from $1.07. Operating income was $137,001 thousand, helped by lower net interest expense of $6,955 thousand versus $17,859 thousand.
For the first nine months of 2025, revenue reached $5,717,279 thousand and net income was $223,176 thousand. Cash from operations was $327,525 thousand, supporting lower total debt of $486,043 thousand at quarter‑end. Remaining performance obligations were $4.4 billion, with 72.9% expected to convert to revenue in the next 12 months.
Utilities contributed $737,473 thousand and Energy $1,485,726 thousand in Q3. The company expanded its accounts receivable securitization to $250.0 million, with $125.0 million sold and $62.5 million pledged as of September 30, 2025.