Primoris Services ( (PRIM) ) has released its Q2 earnings. Here is a breakdown of the information Primoris Services presented to its investors.
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Primoris Services Corporation, a leading provider of critical infrastructure services in the utility, energy, and renewables sectors across the United States and Canada, has reported its financial results for the second quarter of 2025. The company specializes in engineering, construction, and maintenance services that support utility-scale solar, power delivery, and other infrastructure projects.
In the second quarter of 2025, Primoris Services Corporation experienced significant financial growth, with revenue reaching $1,890.7 million, a 20.9% increase compared to the same period in 2024. The company’s net income rose to $84.3 million, marking a substantial improvement from the previous year. This growth was primarily driven by strong performance in the Energy and Utilities segments, with notable contributions from the renewables business.
Key financial metrics for the quarter include an adjusted net income of $92.2 million and an adjusted EBITDA of $154.8 million, reflecting increases of 32.2% and 32.2% respectively from the prior year. The company also raised its earnings per share (EPS) and adjusted EPS guidance for the full year 2025, indicating confidence in continued financial strength.
Looking ahead, Primoris Services Corporation remains optimistic about its future prospects. The company is well-positioned to meet or exceed its strategic objectives for 2025, with a focus on expanding its earnings potential through continued growth in the infrastructure solutions market. Management anticipates a solid finish to the year, supported by strong demand in North America and ongoing strategic initiatives.