Primoris Services ( (PRIM) ) has released its Q3 earnings. Here is a breakdown of the information Primoris Services presented to its investors.
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Primoris Services Corporation is a leading provider of critical infrastructure services in the utility, energy, and renewables sectors across the United States and Canada, offering engineering, construction, and maintenance capabilities. In its third quarter of 2025, Primoris Services Corporation reported a significant increase in revenue, reaching $2.18 billion, a 32.1% rise compared to the previous year, driven by robust growth in its Energy and Utilities segments. The company also reported a net income of $94.6 million, marking an increase of $36.2 million from the same period in 2024, alongside an adjusted EBITDA of $168.7 million, up by 32.1% year-over-year. The company’s strong performance was attributed to higher revenue and lower interest expenses, although it faced lower margins in its segments. Primoris has raised its full-year guidance for net income and adjusted EBITDA, reflecting its confidence in continued growth and the strength of its backlog, particularly in solar and natural gas generation projects. Looking ahead, Primoris Services Corporation is optimistic about its prospects, with plans to capitalize on its strong market position and expand its backlog, especially in the renewables and energy sectors, as it moves into 2026.