Every material Form 8-K Primoris Services filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Primoris Services reported third-quarter 2025 revenue of $2,178.4 million, up 32.1% from a year earlier, and net income of $94.6 million, or $1.73 per diluted share, compared with $1.07 a year earlier. The company raised its full-year 2025 net income, EPS and Adjusted EBITDA guidance, and its board declared an $0.08 per share cash dividend payable January 15, 2026.
Q3 2025 revenue $2,178.4 million, up $529.3 million (32.1%), led by the Energy and Utilities segments
Full-year 2025 net income guidance raised to $260.5 million to $271.5 million; diluted EPS guidance raised to $4.75 to $4.95
Full-year 2025 Adjusted EBITDA guidance raised to $510 million to $530 million
Gross profit as a percentage of revenue fell to 10.8% from 12.0% a year earlier
Primoris Services appointed Koti Vadlamudi, a 30-year Jacobs executive, as President and CEO effective November 10, 2025, replacing interim CEO David King, who will remain Chairman. The filing sets out his pay package, including a $1,000,000 base salary, a 120% target bonus and a $3,000,000 target equity grant starting in 2026, which matters to shareholders as it defines the cost and incentives for the new leader.
Koti Vadlamudi, age 55, becomes President and CEO and joins the Board effective November 10, 2025
Initial annual base salary of $1,000,000; target cash bonus of 120% of base salary beginning in 2026
Sign-on awards include restricted stock units with a grant date value of about $900,000 and a one-time cash bonus of $1,050,000
David King, Interim President and CEO since March 20, 2025, will continue as Chairman
Primoris Services reported second-quarter 2025 revenue of $1,890.7 million, up 20.9% from a year earlier, and diluted EPS of $1.54 versus $0.91. The company raised its full-year 2025 diluted EPS guidance to $4.40 to $4.60 and its adjusted EPS guidance to $4.90 to $5.10, and declared a $0.08 per share dividend.
Q2 2025 revenue was $1,890.7 million, up $327.0 million, or 20.9%, from Q2 2024.
Diluted EPS was $1.54 versus $0.91; adjusted diluted EPS was $1.68 versus $1.04.
Full-year 2025 diluted EPS guidance was raised to $4.40 to $4.60; adjusted EPS guidance to $4.90 to $5.10.
Board declared a $0.08 per share cash dividend, record date September 30, 2025, payable on or about October 15, 2025.
Primoris reported first-quarter 2025 revenue of $1.6 billion, up 16.7% from a year earlier, with net income of $44.2 million, or $0.81 per diluted share, versus $0.35 a year earlier. The company maintained its full-year 2025 outlook and authorized a share purchase program of up to $150 million through April 30, 2028. The filing also covers board appointments, shareholder votes, and a quarterly dividend of $0.08 per share.
Q1 2025 revenue of $1,648.1 million, up $235.4 million, or 16.7%, led by the Energy and Utilities segments
Net income of $44.2 million, or $0.81 per diluted share, versus $18.9 million, or $0.35 per share, in Q1 2024
Full-year 2025 EPS outlook of $3.70 to $3.90 was maintained; the company did not change its guidance
Board authorized a share purchase program of up to $150 million, expiring April 30, 2028; dividend of $0.08 per share payable July 15, 2025
Primoris Services approved compensation for David King, named Interim President and CEO, and Jeremy Kinch, named Chief Operating Officer, with offer letters dated March 21, 2025. The filing shows King's base salary at $950,000 and an RSU grant of $1,250,000 vesting through the first anniversary of grant, while Kinch's base salary is $600,000 with a 2025 LTIP award of $1,000,000. Changes in top management and pay arrangements are relevant to shareholders as they set leadership and incentive terms.
David King: Interim President and CEO; base salary $950,000; RSUs worth $1,250,000 vesting through the first anniversary of grant; target bonus up to 120% of salary
Jeremy Kinch: Chief Operating Officer; base salary $600,000; 2025 LTIP award of $1,000,000; target bonus 100% of salary
Offer letters dated March 21, 2025; Kinch's terms complement his Employment Agreement dated January 7, 2025
Filing dated March 26, 2025, signed by CFO Kenneth M. Dodgen
Primoris announced that Chairman David King will serve as interim President and CEO, succeeding Tom McCormick, who separated from the company effective March 20, 2025 and resigned from the Board. The Board is searching for a permanent CEO, and Jeremy Kinch was promoted to Chief Operating Officer. The filing says Mr. McCormick's separation is unrelated to the company's financial statements or financial or business performance.
David King, age 72, named interim President and CEO; announced March 14, 2025
Tom McCormick separated effective March 20, 2025 and resigned from the Board on the same date
McCormick's severance includes $1,946,880 in severance pay (200% of base salary), a pro-rated 2025 bonus and COBRA premium payments
Jeremy Kinch, age 51, promoted to Chief Operating Officer effective immediately
Primoris reported fourth-quarter 2024 revenue of $1.7 billion, up 14.9 percent, and net income of $54.0 million, or $0.99 per diluted share, up 43.3 percent from a year earlier. For 2025, the company expects net income of $203.3 million to $214.3 million and diluted EPS of $3.70 to $3.90. Shareholders also received notice of a $0.08 per share cash dividend, payable on or about April 15, 2025.
Full-year 2024 revenue of $6.4 billion, up 11.4 percent; net income of $180.9 million, or $3.31 per diluted share, up 43.4 percent.
Total backlog of $11.9 billion at December 31, 2024, up 8.9 percent from year-end 2023.
2025 outlook: diluted EPS of $3.70 to $3.90 and adjusted EPS of $4.20 to $4.40.
Cash dividend of $0.08 per share declared February 19, 2025, for stockholders of record as of March 31, 2025.
On January 7, 2025, Primoris Services announced that Jeremy Kinch, previously President of Energy, was promoted to Chief Operations Support Officer, overseeing IT, real estate, fleet, project services and health, safety and environment. Kinch also entered an amended and restated employment agreement with a $560,000 initial base salary and a target bonus of 100% of base salary. The filing reports no financial results, and the Energy president role was filled by Heath Moncrief, so shareholders face a leadership reshuffle rather than a change to reported performance.
Promotion announced January 7, 2025; Kinch had been President of Energy since January 2021
Initial annual base salary of $560,000 and target cash bonus of 100% of base salary
Change-in-control severance: lump sum of 200% of base salary, pro rata bonus and up to two years of COBRA premium share
Heath Moncrief promoted to President of Energy, per the attached press release
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Primoris Services filing is on SEC EDGAR ↗. 8-K briefs of other companies →