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

Primoris Q3 net income falls to $51.3 million; board authorizes $250 million buyback

Negative Impact 4 of 5 earnings

Primoris reported third-quarter 2026 revenue of $2.0 billion, down 10.4% from a year earlier, and net income of $51.3 million, or $0.95 per diluted share, versus $1.73 in the third quarter of 2025. The decline was mainly due to lower renewables activity in the Energy segment, and the company updated its full-year 2026 guidance while also declaring a dividend and authorizing a $250 million share purchase program.

Key points

  • Q3 2026 revenue was $2.0 billion, down 10.4%; Energy segment revenue fell 17.6%.
  • Diluted EPS was $0.95 versus $1.73; adjusted diluted EPS was $1.20 versus $1.88.
  • Full-year 2026 diluted EPS guidance is $1.20 to $1.35; adjusted EPS guidance is $2.10 to $2.25.
  • Board declared a $0.08 per share dividend payable about January 15, 2027, and authorized a $250 million buyback with no expiration date.

The filing

CompanyPrimoris Services (PRIM)
Form8-K, current report
Filed with the SECNov 3, 2026, 5:04 PM ET
Accession number0001361538-26-000035

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 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

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.