November 3, 2025 — Leads & Copy —
Primoris Services Corporation (NYSE: PRIM) reported record third-quarter revenue of $2,178.4 million, a 32.1% increase compared to 2024. Net income rose to $94.6 million, or $1.73 per diluted share. Adjusted EBITDA reached $168.7 million, also up 32.1%. The company is raising its full-year net income guidance to $260.5 million – $271.5 million and adjusted EBITDA to $510.0 million – $530.0 million. EPS guidance is also raised to $4.75 – $4.95, with adjusted EPS at $5.35 – $5.55.
David King, Chairman and Interim CEO, highlighted the strength of Primoris’ end markets and successful execution. He anticipates continued growth in solar and natural gas generation projects, adding to the company’s strong backlog.
Third-quarter revenue increased due to growth in the energy and utilities segments, but gross profit margin decreased due to lower margins. Utilities segment revenue increased by 10.7%, while energy segment revenue rose by 47.0%. Total backlog stands at $11.1 billion.
Primoris’ Board declared a cash dividend of $0.08 per share, payable January 15, 2026, to stockholders of record on December 31, 2025. A conference call to discuss results is scheduled for Tuesday, November 4, 2025, at 9:00 a.m. CT, accessible via phone or webcast.
Ken Dodgen, Executive Vice President and Chief Financial Officer
Source: Primoris Services Corporation
