Primoris reported a strong second quarter with record-breaking performance in revenue and earnings, driven by growth in the Energy and Utilities segments. Despite some challenges in pipeline activity and decreased margins in the Energy segment, the company's overall financial health, backlog, and future opportunities in data centers and power generation indicate a positive outlook.

Company Guidance -

Q3 2025

During the Primoris Services Corporation Second Quarter 2025 Earnings Call, the company provided a robust set of financial metrics and forward-looking guidance. The second quarter revenue reached nearly $1.9 billion, marking a 20.9% increase from the previous year, driven by double-digit growth in both the Energy and Utilities segments. The Utilities segment gross profit surged by 52.3% to $97.5 million, with gross margins improving to 14.1% from 10.3% in the prior year. The Energy segment exhibited a 27% increase in revenue, although its gross margins slightly decreased to 10.8% due to fewer project closeouts and weather-related costs. Primoris raised its full-year 2025 EPS guidance to $4.40-$4.60 and adjusted EPS to $4.90-$5.10, with adjusted EBITDA expected between $490 million and $510 million. The company maintained a strong liquidity position of $690 million and reported a record second-quarter operating cash flow of over $78 million. For 2025, Primoris anticipates interest expenses between $33 million and $37 million, reflecting lower average debt balances. The total backlog at the end of Q2 was nearly $11.5 billion, indicating a solid pipeline of future work.

Record Second Quarter Performance

Primoris achieved record highs in revenue, operating income, and earnings, with revenue reaching just under $1.9 billion, marking a 20.9% increase from the prior year.

Significant Growth in Energy and Utilities Segments

Energy segment revenue increased by 27%, driven by increased renewables activity. Utilities segment revenue rose by 11.6%, with improved margins across all service lines.

Strong Backlog and Future Opportunities

Total backlog at the end of Q2 was just under $11.5 billion, with a strong funnel of opportunities in data centers, power generation, and utility services.

Improved Margins and Financial Performance

Gross profit increased by 24.1% to $231.7 million, with improved margins in the Utilities segment. Net income increased by around 70% from the prior year.

Positive Cash Flow and Debt Management

Q2 cash from operations was a record $78 million for the second quarter, with a trailing 12-month net debt-to-EBITDA ratio dropping to 0.5x.

Primoris Services (PRIM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PRIM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	1.37 / -	1.22	―	―	―
Aug 04, 2025	2025 (Q2)	1.07 / 1.68	1.04	61.54% (+0.64)
May 05, 2025	2025 (Q1)	0.66 / 0.98	0.47	108.51% (+0.51)
Feb 24, 2025	2024 (Q4)	0.75 / 1.13	0.85	32.94% (+0.28)
Nov 04, 2024	2024 (Q3)	1.02 / 1.22	1.02	19.61% (+0.20)
Aug 05, 2024	2024 (Q2)	0.86 / 1.04	0.8	30.00% (+0.24)
May 08, 2024	2024 (Q1)	0.24 / 0.47	0.18	161.11% (+0.29)
Feb 26, 2024	2023 (Q4)	0.75 / 0.85	0.93	-8.60% (-0.08)
Nov 07, 2023	2023 (Q3)	0.86 / 1.02	1.12	-8.93% (-0.10)
Aug 07, 2023	2023 (Q2)	0.59 / 0.80	0.48	66.67% (+0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PRIM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$93.09	$108.59	+16.65%
May 05, 2025	$67.00	$65.03	-2.94%
Feb 24, 2025	$64.16	$70.34	+9.63%
Nov 04, 2024	$64.12	$73.60	+14.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Primoris Services Corp. (PRIM) report earnings?

Primoris Services Corp. (PRIM) is schdueled to report earning on Nov 10, 2025, Before Open (Confirmed).

What is Primoris Services Corp. (PRIM) earnings time?

Primoris Services Corp. (PRIM) earnings time is at Nov 10, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PRIM EPS forecast?

PRIM EPS forecast for the fiscal quarter 2025 (Q3) is 1.37.

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