Primoris Services Corporation Reports Third Quarter 2026 Results
Business Wire•03/11/2026•16:15 ET
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Key Highlights
- ➤Q3 revenue $2.0 billion, down 10.4% year over year
- ➤Adjusted EPS $1.20, down $0.68 year over year
- ➤Record total backlog $14.1 billion, including $8.5 billion MSA backlog
- ➤2026 Adjusted EBITDA guidance $290.0 million to $310.0 million
- ➤New $250 million common-share repurchase authorization announced
Expert Statements
Koti Vadlamudi, President and Chief Executive Officer of Primoris
“Our third quarter results reflect meaningful progress in completing the renewable energy projects that have weighed on our margins this year, while highlighting the continued strength and resilience of the broader Primoris platform.”
Koti Vadlamudi, President and Chief Executive Officer of Primoris
“As the last of our six previously discussed challenged projects moves closer to completion, we are increasingly confident that these impacts are soon to be behind us and that Primoris is well positioned to capitalize on the significant opportunities ahead.”
Koti Vadlamudi, President and Chief Executive Officer of Primoris
“We remain confident in the long-term fundamentals of the renewables market and Primoris’ position as a leading provider of utility-scale solar and battery storage solutions.”
Koti Vadlamudi, President and Chief Executive Officer of Primoris
“Demand for reliable and affordable energy infrastructure remains robust, and we continue to see attractive opportunities across our end markets.”
Koti Vadlamudi, President and Chief Executive Officer of Primoris
“As we approach the end of a challenging year, we believe the foundation is in place for a return to growth in 2027.”
Primoris Services Corporation Reports Third Quarter 2026 Results
Primoris Services Corporation (NYSE: PRIM) (“Primoris” or the “Company”) today announced financial results for its third quarter ended September 30, 2026, and provided comments on the Company’s operational performance and outlook for the remainder of 2026.
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