Primoris Services Corp 8K

Primoris Services Corporation lowered its 2026 earnings outlook due to Renewables project cost overruns, announced the immediate departure of its COO, reported sizable new Energy segment awards, and disclosed $50 million of Q2 2026 share repurchases.

On June 22, 2026, Primoris Services Corporation announced a series of business updates, including the immediate departure of its Chief Operating Officer Jeremy Kinch, a significant downward revision to its full-year 2026 financial outlook driven by additional cost overruns and delays on six projects in its Renewables business, and updated guidance reducing expected 2026 net income to $71–$101 million, diluted EPS to $1.30–$1.85, adjusted EPS to $2.05–$2.60, and adjusted EBITDA to $275–$325 million, while also disclosing approximately $2.0 billion of new Energy segment project awards in Q2 2026 and $50 million of share repurchases with $100 million remaining under its authorization.

Filing Facts

CIK

1361538

Ticker

-

Form

8K

Source Type

sec

Accession

0001361538-26-000017

Alert Tier

8