NYSE:PRIMConstruction
Why Primoris (PRIM) Is Down 44.2% After Cutting 2026 Guidance Amid Renewables Execution Strains
In early May 2026, Primoris Services Corporation reported first-quarter 2026 results showing sales of US$1,559.9 million and net income of US$17.4 million, alongside updated full-year guidance of US$223.0–234.0 million in net income and US$4.05–4.25 in diluted EPS, and affirmed a quarterly dividend of US$0.08 per share.
The company also disclosed broader operational and cost challenges across several renewables projects, which, together with reduced earnings guidance and a shareholder rights...