Primoris Reports Strong Full-Year 2025 Results and Issues Positive 2026 Outlook
PRIM has more than doubled off its 52-week low of $49.1.
Summary
Primoris reported record full-year 2025 revenue and earnings, alongside a positive 2026 outlook, despite a slight dip in Q4 profitability.
Key Events · Earnings and Guidance · PRIM
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Full-Year 2025 Performance
Primoris reported record revenue of $7.6 billion, up 19.0% from 2024, and net income of $274.9 million, or $5.02 per diluted share, up 52.0%.
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Fourth Quarter 2025 Results
Revenue increased by 6.7% to $1.9 billion, but net income slightly decreased by 4.1% to $51.8 million, or $0.95 per diluted share, primarily due to increased costs on certain renewables projects and lower storm restoration work.
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2026 Financial Outlook
The company projects diluted EPS between $5.35 and $5.55, and Adjusted EBITDA between $560 million and $580 million for the full year 2026, indicating continued growth.
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Dividend Declaration
The Board of Directors declared a cash dividend of $0.08 per share of common stock, payable on or about April 15, 2026, to stockholders of record as of March 31, 2026.
Analysis · PRIM · Real Estate & Construction
Primoris Services Corporation delivered robust full-year 2025 financial results, with significant increases in revenue and net income, exceeding its multi-year goals. The company also provided an optimistic outlook for 2026, projecting continued growth in earnings per share. While fourth-quarter profitability saw a slight decline due to specific project costs and lower storm restoration work, the overall financial health and future prospects remain strong, supported by a healthy backlog and a declared cash dividend. Investors should monitor the company's ability to manage project costs and leverage its growing backlog to meet its 2026 guidance.
At the time of this filing, PRIM was trading at $151.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $49.10 to $174.43. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.