Primoris had a strong second quarter with record revenue and significant growth in key segments like Utilities and Renewables. Despite some challenges in the Energy segment margins and battery storage market, the overall performance was robust, leading to increased financial guidance for the year.

Company Guidance -

Q3 2025

During the Primoris Services Corporation Second Quarter 2025 Earnings Conference Call, the company reported a record-breaking quarter with revenue just under $1.9 billion, marking a 20.9% increase from the previous year. The Energy segment saw a 27% growth, largely due to increased renewables activity, while the Utilities segment rose by 11.6%. Gross profit reached $231.7 million, up 24.1%, with Utilities segment margins improving significantly to 14.1%. Primoris also updated its full-year guidance, raising EPS to $4.40-$4.60 and adjusted EPS to $4.90-$5.10. The company highlighted strong growth prospects in the data center market, with $1.7 billion in potential contracts being evaluated. Additionally, Primoris is preparing bids for over $2.5 billion in natural gas generation projects and $20-$30 billion in solar projects through 2028. Operating cash flow reached nearly $145 million year-to-date, with liquidity standing strong at $690 million.

Record Second Quarter Performance

Primoris achieved record highs in revenue, operating income, and earnings for Q2 2025, demonstrating the effectiveness of their financial and operational strategy.

Significant Revenue Growth

Q2 revenue was just under $1.9 billion, an increase of $327 million or 20.9% from the prior year, driven by double-digit growth in both the Energy and Utilities segments.

Utilities Segment Margin Improvement

Utilities segment gross profit was up 52.3% compared to the prior year, with margins improving to 14.1% from 10.3% due to improved profitability across all service lines.

Strong Performance in Renewables

The Renewables business is on track to generate close to $2.5 billion compared to the initial outlook of $2.2 billion to $2.3 billion, driven by high demand for power and cost competitiveness.

Improved Cash Flow

Q2 cash from operations was over $78 million, a record for the second quarter, contributing to a year-to-date operating cash flow of nearly $145 million.

Increased Guidance for EPS and EBITDA

Primoris increased full-year EPS guidance to $4.40 to $4.60 per share and adjusted EPS to $4.90 to $5.10 per share, with adjusted EBITDA guidance raised to $490 million to $510 million.

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

Daily Earnings Calendar >

PRIM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	1.39 / -	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 1.39.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing