Primoris Services Corporation filings document the formal disclosures of a public infrastructure-services contractor with Utilities and Energy operations. Recent 8-K reports cover operating and financial results, furnished earnings releases, cash dividend declarations, and other material-event disclosures tied to the company’s common stock and capital structure.
PRIM proxy and governance filings cover annual meeting procedures, stockholder voting matters, board composition, committee assignments, and executive compensation disclosures. The filings also identify the company as a Delaware corporation and provide recurring governance records for its NYSE-listed common stock.
PRIM filed a Form 144 notice disclosing proposed sales of Common shares through Fidelity Brokerage Services LLC on the NYSE. The filing lists 245 shares vesting on 03/01/2025 and 655 shares vesting on 03/01/2026 as compensation.
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 softer first quarter 2026 results while reaffirming a strong full-year outlook and closing a sizable acquisition. Revenue was $1.56 billion, down from $1.65 billion a year earlier, as lower Energy segment activity more than offset Utilities growth. Net income dropped to $17.4 million from $44.2 million, and diluted EPS declined to $0.32 from $0.81. Adjusted net income was $32.2 million versus $53.5 million, with Adjusted EPS of $0.59 versus $0.98, and Adjusted EBITDA of $60.5 million versus $99.4 million, reflecting cost pressures and delays on certain renewables projects.
The Utilities segment grew revenue by 12.3% with improved margins, while Energy segment revenue fell 13.8% and operating income decreased 62.2%. Total backlog at March 31, 2026 was $11.6 billion, including $6.9 billion in Utilities and $4.7 billion in Energy. The company completed the all-cash acquisition of PayneCrest Electric, Inc. for approximately $399.5 million, expanding its electrical and data center capabilities.
For full year 2026, Primoris expects GAAP net income of $223.0–$234.0 million, diluted EPS of $4.05–$4.25, Adjusted EPS of $4.80–$5.00, and Adjusted EBITDA of $480.0–$500.0 million. The board declared a quarterly cash dividend of $0.08 per share for stockholders of record as of June 30, 2026. At the April 30, 2026 annual meeting, about 93.6% of shares entitled to vote were represented, stockholders approved executive compensation on an advisory basis, and ratified Baker Tilly US, LLP as independent auditor. The board also appointed Michael E. Ching as chair of the Strategy and Risk Committee.
Ching Michael E. reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Michael E. Ching received a grant of 268 shares of common stock as part of the company’s non-employee director compensation program. The restricted stock has a stated value of $37,500, based on the average closing price during March 2026.
Following this award, Ching directly holds 10,398 shares of Primoris common stock. The granted shares cannot be sold for twelve months from the grant date, reflecting their role as long-term equity compensation rather than an open-market purchase.
Rodriguez Jose Ramon reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Jose Ramon Rodriguez received a grant of 268 shares of common stock as non-employee director compensation. The award has a stated value of $37,500, based on the average closing price during March 2026, and the shares cannot be sold for twelve months from the grant date. Following this grant, Rodriguez directly holds 17,685 shares of Primoris common stock.
Primoris Services Corp director Carla S. Mashinski received a stock grant as part of regular board compensation. On the reported date, she acquired 268 shares of common stock at no cash cost under the non-employee director compensation program.
The program targets a grant value of $37,500, calculated using the average closing price during March 2026, which determined the 268-share amount. After this award, she directly holds 22,092 shares. The granted shares cannot be sold for twelve months from the grant date.
Wagner Patricia K reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Patricia K. Wagner received a stock award rather than making an open-market trade. She was granted 268 shares of common stock valued at $37,500 under the non-employee director compensation program, with the price based on the average closing price during March 2026.
The restricted shares cannot be sold for twelve months from the grant date. After this grant, Wagner holds 3,105 shares directly and 4,495 shares indirectly through the Wagner Family Trust dated March 24, 2008.
Schauerman John P. reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director John P. Schauerman received a grant of 268 shares of restricted common stock valued at $37,500 under the company’s non-employee director compensation program. The grant value was based on the average closing price during March 2026, and the shares cannot be sold for twelve months from the grant date.
Following this award, Schauerman holds 5,518 shares of Primoris common stock directly and 74,466 shares indirectly through the Schauerman Family Trust. This filing reflects routine equity compensation rather than an open-market purchase or sale.
MCCALLISTER TERRY D reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Terry D. McCallister received a stock grant and reported existing trust holdings. Under the non-employee director compensation program, he was granted 268 shares of common stock valued at $37,500, with the price per share based on the average closing price during March 2026. These shares are restricted from sale for twelve months from the grant date. Following the grant, he holds 21,124.554 common shares directly and 10,000 shares indirectly through the Terry D. McCallister Trust dated June 14, 2013.
Saluja Harpreet reported acquisition or exercise transactions in this Form 4 filing.
Primoris Services Corp director Harpreet Saluja received a restricted stock award of 268 shares of common stock. The grant has a stated value of $37,500 under the company’s non-employee director compensation program. The price per share was based on the average closing price during March 2026, and the shares cannot be sold for twelve months from the grant date. Following this award, Saluja directly holds 1,363 Primoris shares.