Short answer
Primoris Services Corp (PRIM) filed an 8-K current report with the SEC on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Q2 2026 financial performance for 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
- Q2 2026 financial performance for quarter ended June 30, 2026
- Press release furnished under Item 2.02; not deemed filed under Exchange Act Section 18
- Investor-relevant results and management commentary contained in attached exhibit
Item 8.01 · Other Events
- Quarterly cash dividend declared at $0.08 per common share
- September 30, 2026 record date for eligible stockholders
- Payment scheduled on or about October 15, 2026
- Dividend declaration signals continued shareholder-return commitment
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 deterioration drove the miss, with gross margin falling to negative 0.3% from 10.8% amid overruns on six renewables projects
- Adjusted EBITDA plunged 92.6% to $11.4M, highlighting severe near-term earnings pressure despite management’s recovery outlook
- Record backlog reached $13.9B, including $8.2B MSA backlog, up from $11.9B at December 31, 2025
- Liquidity totaled $958.9M, but operating cash flow was negative $131.3M and debt increased following $401.4M acquisition spending
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