Inferra AI / Company / PRIM
Primoris Services Corp
PRIM · Industrials
Last earnings Aug 6, 2026
Key results
Revenuequarter
$1,890.7 million
Revenue of $1,890.7 million, up $327.0 million, or 20.9 percent, compared to the second quarter of 2024 driven by strong growth in the Energy and Utilities segments
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Growthquarter
up $327.0 million
Revenue of $1,890.7 million, up $327.0 million, or 20.9 percent, compared to the second quarter of 2024 driven by strong growth in the Energy and Utilities segments
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Net incomequarter
$84.3 million
Net income of $84.3 million, or $1.54 per diluted share, an increase of $34.8 million, or $0.63 per diluted share, from the second quarter of 2024
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Adjusted net incomequarter
$92.2 million
Adjusted net income of $92.2 million, or $1.68 per diluted share, an increase of $35.2 million, or $0.64 per diluted share, from the second quarter of 2024
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Second Quarter 2025 Results Overview Revenue was $1,890.7 million for the three months ended June 30, 2025, an increase of $327.0 million, or 20.9 percent, compared to the same period in 2024.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Operating incomequarter
$126.6 million
Operating income was $126.6 million for the three months ended June 30, 2025, an increase of $40.6 million, or 47.1 percent, compared to the same period in 2024.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Gross profit as a percentage of revenue increased to 12.3 percent for the three months ended June 30, 2025, compared to 11.9 percent for the same period in 2024.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
During the second quarter of 2025, net income was $84.3 million compared to net income of $49.5 million in the prior year.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
EPSquarter
$1.54
Diluted earnings per share ( EPS ) was $1.54 for the second quarter of 2025 compared to $0.91 for the same period in 2024.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
AI analysis
Q2 2025 · reported Aug 4, 2025
Based on: Earnings release + parent 8-K — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Aug 4, 2025 EPS values as stated in the release.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $1,890.7 million | — | — |
| Growth | up $327.0 million | — | — |
| Net income | $84.3 million | — | — |
| Adjusted net income | $92.2 million | — | — |
| Operating income | $126.6 million | — | — |
| EPS | $1.54 | — | $0.91 |
Guidance · company-stated
Direction: Raised
“Our teams continue to safely provide critical infrastructure solutions to our customers with an emphasis on performance, quality and productivity, giving us confidence to increase our earnings guidance for the full year of 2025.”
“Outlook The Company is raising its estimates for the year ending December 31, 2025.”
Classified from the release's primary full-year outlook statement.
Capital allocation
The decrease of $9.6 million was primarily due to lower average debt balances and lower average interest rates.
Event summary
Our teams continue to safely provide critical infrastructure solutions to our customers with an emphasis on performance, quality and productivity, giving us confidence to increase our earnings guidance for the full year of 2025
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Raised
Company outlook — Raised (“increase”)
“Our teams continue to safely provide critical infrastructure solutions to our customers with an emphasis on performance, quality and productivity, giving us confidence to increase our earnings guidance for the full year of 2025.”
Company outlook — Raised (“raising”)
“Outlook The Company is raising its estimates for the year ending December 31, 2025.”
Classified from the release's primary full-year outlook statement.
Capital allocation
The decrease of $9.6 million was primarily due to lower average debt balances and lower average interest rates.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
In the second quarter of 2025, capital expenditures were $33.1 million, including $18.8 million in construction equipment purchases.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Capital expenditures for the six months ended June 30, 2025, were $73.7 million, including $40.5 million in construction equipment purchases.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
For the remaining six months of 2025, capital expenditures are expected to total between $25.0 million and $45.0 million, which includes $20.0 million to $40.0 million for equipment.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
The Company also announced that on July 30, 2025, its Board of Directors declared a $0.08 per share cash dividend to stockholders of record on September 30, 2025, payable on approximately October 15, 2025.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Estimated Range Full Year Ending December 31, 2025 Net income as defined (GAAP) $ 241,000 $ 252,000 Non-cash stock-based compensation 16,400 16,400 Amortization of intangible assets 17,500 17,500 Amortization of debt issuance costs 2,000 2,000 Transaction/integration and related costs 1,500 1,500 CEO severance costs 2,100 2,100 Income tax impact of adjustments (1) (11,750) (11,750) Adjusted net income $ 268,750 $ 279,750 Weighted average shares (diluted) 54,800 54,800 Diluted earnings per share $ 4.40 $ 4.60 Adjusted diluted earnings per share $ 4.90 $ 5.10 (1) Adjustments above are reported on a pre-tax basis before the income tax impact of adjustments.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Strategy & priorities
Our second quarter results are indicative of the strength of our end markets and our ability to execute on our strategic initiatives to drive improved profitability and cash flow, said David King, Chairman and Interim President and Chief Executive Officer of Primoris.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
We are well-positioned to meet or exceed our longer-term strategic objectives.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Forward-looking statements include information concerning the possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, effects of regulation and the economy, generally.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Risks & headwinds
Forward Looking Statements This press release contains certain forward-looking statements, including the Company s outlook, that reflect, when made, the Company s expectations or beliefs concerning future events that involve risks and uncertainties, including with regard to the Company s future performance.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Given these risks and uncertainties, you should not place undue reliance on forward-looking statements.
SEC original ↗Primoris Services Corp — Earnings release (8-K exhibit)EX-99Aug 4, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
26 documents- Q2 2026
- 8-KPRIM
Aug 31, 2026
- 8-K/APRIM
- 10-QPRIM
- 8-K/APRIM
- 8-KPRIM
Aug 4, 2026
- Q1 2026
- 8-KPRIM
Jun 22, 2026
- 10-QPRIM
- 8-KPRIM
May 5, 2026
- Q4 2025
- 8-KPRIM
Mar 17, 2026
- 10-KPRIM
Feb 24, 2026
- 8-KPRIM
Feb 23, 2026
- Q3 2025
- 10-QPRIM
- 8-KPRIM
Nov 3, 2025
- 8-KPRIM
Oct 7, 2025
- EX-99PRIM
- Q2 2025
- 10-QPRIM
- 8-KPRIM
Aug 4, 2025
- Q1 2025
- 8-KPRIM
Jun 4, 2025
- 10-QPRIM
- 8-KPRIM
May 5, 2025
- Q4 2024
- 8-KPRIM
Mar 26, 2025
- 8-KPRIM
Mar 20, 2025
- 10-KPRIM
Feb 25, 2025
- 8-KPRIM
Feb 24, 2025
- 8-KPRIM
Jan 8, 2025
- Q3 2024
- 10-QPRIM
Earnings releases
11 documentsPresentations
0 documentsNo presentations for Primoris Services Corp are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Primoris Services Corp are held in this edition of the library.
Mentioned by
6 companiesOther tracked companies whose held documents mention Primoris Services Corp by name or ticker. A mention is counted once per document, from the document text the library holds.
“tor & Forecast: US Focused. Data compiled April 13, 2026. … …53.88% MTZ - CAGR 39.37% PRIM - CAGR 27.07% -200.0% 0.0% 200.0% 400.0% 600.0% 800.0% 1000.0% 1200.0% Dividend-Adjusted Stock Return (01/04/2021 - 06/30/2026) MYRG Div.-Adj. Return EME D”
“tion equipment purchases and $6.6 million on… … 9 PRIMORIS SERVICES CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In Millions) (Unaudited) Six Months Ended ”
“tion equipment purchases and $6.6 million on… … 9 PRIMORIS SERVICES CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In Millions) (Unaudited) Six Months Ended ”
“tion equipment purchases and $6.6 million on… … 9 PRIMORIS SERVICES CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In Millions) (Unaudited) Six Months Ended ”
“esolution proceedings or claims, including claims for additional… … Exhibit 99.1 Primoris Services Corporation Provides Business Update Updates Financial Outlook and Announces Chief Operating Officer Departure Announces New Proje”
“construction equipment purchases and $6.5 million on… … 8 PRIMORIS SERVICES CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In Millions) (Unaudited) Three Mo”
See also the earnings calendar for every tracked company’s next earnings date.