Primoris Services (PRIM) Reports $1.6B Q1 2026 Revenue

3 days ago 4

Maham Fatima

Thu, May 7, 2026 astatine 10:30 AM CDT 2 min read

Primoris Services Corporation (NYSE:PRIM) is 1 of the best engineering stocks to bargain successful 2026. On May 5, Primoris announced fiscal results for Q1 2026, reporting gross of $1.6 billion. While this represents a 5.4% alteration year-over-year, the institution saw maturation successful its Utilities conception that helped offset little gross successful the Energy sector. Net income for the 4th stood astatine $17.4 million, oregon $0.32 per diluted share, portion the full backlog remained important astatine $11.6 billion.

Additionally, the institution precocious finalized the acquisition of PayneCrest Electric Inc. connected May 1 to heighten its beingness successful the high-growth information halfway and concern markets. The quarterly show was impacted by outgo pressures connected a constricted fig of renewables projects, which are expected to scope completion aboriginal this year. However, President and CEO Koti Vadlamudi noted that the bulk of the renewables portfolio is performing well, with borderline enlargement occurring successful the powerfulness transportation and concern businesses.

Primoris Services (PRIM) Reports $1.6B Q1 2026 Revenue

Looking ahead, Primoris Services Corporation (NYSE:PRIM) updated its full-year 2026 guidance to see the contributions from the PayneCrest acquisition, projecting nett income betwixt $223 cardinal and $234 million. Full-year Adjusted EBITDA is estimated to scope from $480 cardinal to $500 million, with Adjusted EPS expected betwixt $4.80 and $5.00.

Primoris Services Corporation (NYSE:PRIM) provides infrastructure services crossed the US and Canada.

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