Short answer
Primoris Services Corp (PRIM) filed an 8-K current report with the SEC on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Primoris reported financial performance for the quarter ended June 30, 2026.
Primoris Services Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Primoris reported financial performance for the quarter ended June 30, 2026
- Press release issued August 4, 2026 and furnished under Item 2.02
- Results are excluded from Section 18 liability and not automatically incorporated into registration statements
Item 8.01 · Other Events
- Quarterly cash dividend of $0.08 per common share declared
- September 30, 2026 record date for eligible stockholders
- Payment scheduled on or about October 15, 2026
- Dividend declaration signals continued shareholder-return commitment by Primoris Services
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue fell 10.7% to $1,688.2M, while net income swung to a $24.2M loss from $84.3M profit
- Energy revenue dropped 19.2%; six renewable projects produced cost overruns, driving Energy gross margin to negative 0.3%
- Adjusted EBITDA plunged 92.6% to $11.4M, highlighting severe near-term execution and profitability pressure
- Record backlog reached $13.9B, including $8.2B MSA backlog, supporting revenue visibility if project execution improves
- 2026 guidance maintained: adjusted EBITDA $275M-$325M and adjusted EPS $2.05-$2.60 despite first-half underperformance
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