Primoris Services Corp 8K

Primoris Services Corporation reported weaker Q2 2026 results with a swing to net loss due to renewables cost overruns and lower Energy segment revenue but highlighted record backlog, maintained 2026 guidance, and announced a cash dividend and continued share repurchases.

Primoris Services Corporation filed a Form 8-K to furnish its second quarter 2026 earnings release, reporting a sharp deterioration in profitability driven mainly by cost overruns and reduced activity in its Energy segment renewables projects, with revenue down 10.7% year-over-year to $1.69 billion, a net loss of $24.2 million versus prior-year net income of $84.3 million, Adjusted EBITDA down 92.6% to $11.4 million, but offset by record total backlog of $13.9 billion and reaffirmed full-year 2026 guidance, alongside a newly declared $0.08 per-share dividend, ongoing share repurchases, and disclosure of liquidity, capital allocation plans, and continued challenges and completion timelines for six problematic renewable projects.

Filing Facts

CIK

1361538

Ticker

-

Form

8K

Source Type

sec

Accession

0001361538-26-000021

Alert Tier

7