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AI brief of an SEC Form 8-K · Primoris Services (PRIM)

Primoris raises 2024 EPS guidance as third-quarter revenue rises 7.8% to $1.65 billion

Positive Impact 4 of 5 earnings Written later

Primoris reported third-quarter 2024 revenue of $1,649.1 million, up 7.8% from a year earlier, with net income of $58.4 million, or $1.07 per diluted share, compared with $0.89 a year earlier. The company raised its 2024 EPS guidance and increased its quarterly cash dividend to $0.08 per share from $0.06, which matters to shareholders because it reflects higher expected earnings and greater cash returned to holders.

Key points

  • Third-quarter revenue of $1,649.1 million, up $119.6 million, or 7.8%, with Energy and Utilities segments both growing
  • Diluted EPS of $1.07 versus $0.89 a year earlier; adjusted diluted EPS of $1.22 versus $1.02
  • 2024 EPS guidance raised to $2.85 to $3.00, and adjusted EPS guidance raised to $3.40 to $3.55 per diluted share
  • Quarterly dividend raised to $0.08 per share from $0.06, declared October 30, 2024, payable on or about January 15, 2025 to holders of record as of December 31, 2024

The filing

CompanyPrimoris Services (PRIM)
Form8-K, current report
Filed with the SECNov 4, 2024, 4:22 PM ET
Accession number0001361538-24-000020

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.