Declared Dividend • 11h
Second quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 30th September 2026 Payment date: 15th October 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 20%. New Risk • Aug 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 3.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Significant insider selling over the past 3 months (€5.3m sold). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €65.08, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €105 per share. Tillkännagivande • Jul 23
Primoris Services Corporation to Report Q2, 2026 Results on Aug 04, 2026 Primoris Services Corporation announced that they will report Q2, 2026 results After-Market on Aug 04, 2026 Upcoming Dividend • Jun 25
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €81.10, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share. Tillkännagivande • Jun 09
Primoris Services Corporation Announces Management Changes Primoris Services Corporation announced that Tim Healy, President, ARB Industrial Inc. had been named Interim President, Renewables, effective June 8, 2026. Tim Healy succeeded Anthony Vorderbruggen, who departed from the Company, effective June 8, 2026. The Company is conducting a search process to identify a permanent replacement for the role, which will include internal and external candidates. Tim Healy brings decades of business leadership, construction experience, and a strong track record of successful operational execution. New Risk • May 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Significant insider selling over the past 3 months (€2.1m sold). Recent Insider Transactions • May 29
Independent Chairman of the Board recently sold €2.1m worth of stock On the 26th of May, David King sold around 20k shares on-market at roughly €103 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €112, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 354% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €133 per share. Declared Dividend • May 20
First quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 11%. Tillkännagivande • May 08
Primoris Services Corporation Updates Earnings Guidance for the Year Ending December 31, 2026 Primoris Services Corporation updated its earnings guidance for the year ending December 31, 2026. For the period, the company expects Net income is expected to be between $223.0 million and $234.0 million. Earnings per Share (“EPS”) is expected to be between $4.05 and $4.25 per fully diluted share. Tillkännagivande • Apr 22
Primoris Services Corporation to Report Q1, 2026 Results on May 05, 2026 Primoris Services Corporation announced that they will report Q1, 2026 results After-Market on May 05, 2026 Tillkännagivande • Apr 01
Primoris Services Corporation (NYSE:PRIM) entered into a definitive purchase agreement to acquire PayneCrest Electric and Communications, Inc. for approximately $420 million. Primoris Services Corporation (NYSE:PRIM) entered into a definitive purchase agreement to acquire PayneCrest Electric and Communications, Inc. for approximately $420 million on March 31, 2026. The transaction was funded through borrowings under an amended credit agreement with the Company’s existing bank group of $400 million. The transaction has been unanimously approved by the Board of Directors of Primoris Services Corporation.
The transaction is expected to close in the second quarter of 2026. The transaction is subject to the receipt of regulatory approvals and other customary closing conditions.
Weil, Gotshal & Manges LLP acted as legal advisor for Primoris Services Corporation. FMI Capital Advisors, Inc. acted as financial advisor and Lewis Rice LLC acted as legal advisor for PayneCrest Electric and Communications, Inc. Tillkännagivande • Mar 19
Primoris Services Corporation, Annual General Meeting, Apr 30, 2026 Primoris Services Corporation, Annual General Meeting, Apr 30, 2026. Tillkännagivande • Feb 11
Primoris Services Corporation to Report Q4, 2025 Results on Feb 23, 2026 Primoris Services Corporation announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Tillkännagivande • Oct 22
Primoris Services Corporation to Report Q3, 2025 Results on Nov 03, 2025 Primoris Services Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Tillkännagivande • Jul 23
Primoris Services Corporation to Report Q2, 2025 Results on Aug 04, 2025 Primoris Services Corporation announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Tillkännagivande • May 02
Primoris Services Corporation Appoints Harpreet Saluja as Director Primoris Services Corporation at its AGM held on April 30, 2025 appointed Harpreet Saluja as director. Tillkännagivande • Apr 23
Primoris Services Corporation to Report Q1, 2025 Results on May 05, 2025 Primoris Services Corporation announced that they will report Q1, 2025 results After-Market on May 05, 2025 Tillkännagivande • Apr 11
Primoris Services Corporation, Annual General Meeting, Apr 30, 2025 Primoris Services Corporation, Annual General Meeting, Apr 30, 2025. Location: 2300 n. field street, suite 1900, texas 75201, dallas, United States Tillkännagivande • Feb 06
Primoris Services Corporation to Report Q4, 2024 Results on Feb 24, 2025 Primoris Services Corporation announced that they will report Q4, 2024 results After-Market on Feb 24, 2025 Tillkännagivande • Jan 08
Primoris Services Corporation Announces Executive Promotions Primoris Services Corporation announced that Jeremy Kinch, previously President of Energy, has been promoted to Chief Operations Support Officer. In this new role, Mr. Kinch will oversee operational support functions including information technology, real estate, fleet, project services and health, safety and environment. Mr. Kinch has over twenty-five years’ experience in the infrastructure construction services industry in the United States and Canada. Prior to joining Primoris in 2018, Mr. Kinch served in diverse roles of increasing responsibility culminating in serving as president and chief operating officer of Willbros Canada, a subsidiary of Willbros Group Inc., until the Primoris acquisition of Willbros in 2018. Leading up to his tenure with Willbros Group Inc., Mr. Kinch served in a variety of technical and leadership roles on mining, hydropower and municipal infrastructure construction projects. He holds a Bachelor of Science degree in Geological Engineering from Queen’s University in Kingston, Ontario, Canada. Heath Moncrief has been promoted to President of Energy at Primoris leading the industrial services, heavy civil and pipeline businesses. Mr. Moncrief previously served as the Senior Vice President of Primoris Industrial Construction since 2020. Mr. Moncrief has over twenty years of experience in infrastructure construction services and prior to his time at Primoris served in various leadership roles at McDermott and CB&I managing construction operations for industrial projects. Recent Insider Transactions • Nov 12
Independent Director recently sold €1.5m worth of stock On the 7th of November, John Schauerman sold around 20k shares on-market at roughly €74.05 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Tillkännagivande • Oct 23
Primoris Services Corporation to Report Q3, 2024 Results on Nov 04, 2024 Primoris Services Corporation announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Sep 15
Independent Director recently sold €1.2m worth of stock On the 12th of September, John Schauerman sold around 25k shares on-market at roughly €48.98 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.8m more than they bought in the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 27th September 2024 Payment date: 11th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 8%. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.92 (vs US$0.73 in 2Q 2023) Second quarter 2024 results: EPS: US$0.92 (up from US$0.73 in 2Q 2023). Revenue: US$1.56b (up 11% from 2Q 2023). Net income: US$49.5m (up 27% from 2Q 2023). Profit margin: 3.2% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 23
Primoris Services Corporation to Report Q2, 2024 Results on Aug 05, 2024 Primoris Services Corporation announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Buy Or Sell Opportunity • Jul 22
Now 20% undervalued Over the last 90 days, the stock has risen 18% to €49.00. The fair value is estimated to be €61.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Buy Or Sell Opportunity • Jul 02
Now 29% undervalued Over the last 90 days, the stock has risen 15% to €45.60. The fair value is estimated to be €64.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Buy Or Sell Opportunity • Jun 26
Now 21% undervalued Over the last 90 days, the stock has risen 27% to €48.40. The fair value is estimated to be €61.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Buy Or Sell Opportunity • Jun 07
Now 20% undervalued Over the last 90 days, the stock has risen 30% to €48.20. The fair value is estimated to be €60.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director Michael Ching was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 18
Now 20% undervalued Over the last 90 days, the stock has risen 28% to €46.40. The fair value is estimated to be €58.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Recent Insider Transactions • May 15
CEO, President & Director recently sold €459k worth of stock On the 10th of May, Thomas McCormick sold around 10k shares on-market at roughly €45.93 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €761k. Thomas has been a net seller over the last 12 months, reducing personal holdings by €2.1m. Declared Dividend • May 13
First quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 7%. Tillkännagivande • May 10
Primoris Services Corporation Maintains Unaudited Earnings Guidance for the Year Ending December 31, 2024 Primoris Services Corporation maintained unaudited earnings guidance for the year ending December 31, 2024. For the period, the company estimates net income to be $137,500,000 to $148,500,000. Earnings per share diluted to be between $2.50 and $2.70. Tillkännagivande • Apr 20
Primoris Services Corporation to Report Q1, 2024 Results on May 08, 2024 Primoris Services Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024 Tillkännagivande • Mar 23
Primoris Services Corporation, Annual General Meeting, May 01, 2024 Primoris Services Corporation, Annual General Meeting, May 01, 2024, at 09:00 Central Standard Time. Agenda: To elect nine Directors to hold office for a one-year term expiring at the Annual Meeting of Stockholders to be held in 2025 or until a successor is qualified and elected; to consider the Company's named executive officer compensation; to ratify the appointment of Moss Adams LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the Annual Meeting and all adjournments or postponements thereof. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Mar 19
Independent Director recently sold €746k worth of stock On the 15th of March, John Schauerman sold around 20k shares on-market at roughly €37.30 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.7m more than they bought in the last 12 months. Recent Insider Transactions • Mar 12
Insider recently sold €275k worth of stock On the 7th of March, Travis Stricker sold around 8k shares on-market at roughly €36.60 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.9m more than they bought in the last 12 months. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 13%. Tillkännagivande • Feb 27
Primoris Services Corporation Provides Earnings Guidance for the Year Ending December 31, 2024 Primoris Services Corporation provided earnings guidance for the year ending December 31, 2024. Earnings per Share is expected to be between $2.50 and $2.70 per fully diluted share. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: US$2.37 (vs US$2.50 in FY 2022) Full year 2023 results: EPS: US$2.37 (down from US$2.50 in FY 2022). Revenue: US$5.72b (up 29% from FY 2022). Net income: US$126.1m (down 5.2% from FY 2022). Profit margin: 2.2% (down from 3.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Tillkännagivande • Feb 27
Primoris Services Corporation Declares Cash Dividend , Payable on Approximately April 15, 2024 Primoris Services Corporation announced that on February 21, 2024, its Board of Directors declared a $0.06 per share cash dividend to stockholders of record on March 28, 2024, payable on approximately April 15, 2024. Tillkännagivande • Feb 09
Primoris Services Corporation to Report Q4, 2023 Results on Feb 26, 2024 Primoris Services Corporation announced that they will report Q4, 2023 results After-Market on Feb 26, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.06 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%). Recent Insider Transactions • Dec 08
CEO, President & Director recently sold €1.5m worth of stock On the 6th of December, Thomas McCormick sold around 52k shares on-market at roughly €29.50 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.90 (vs US$0.81 in 3Q 2022) Third quarter 2023 results: EPS: US$0.90 (up from US$0.81 in 3Q 2022). Revenue: US$1.53b (up 19% from 3Q 2022). Net income: US$48.1m (up 12% from 3Q 2022). Profit margin: 3.1% (down from 3.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 24
Primoris Services Corporation to Report Q3, 2023 Results on Nov 07, 2023 Primoris Services Corporation announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.06 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.8%). Recent Insider Transactions • Sep 13
Executive VP recently sold €595k worth of stock On the 8th of September, John Perisich sold around 19k shares on-market at roughly €30.98 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €644k. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Recent Insider Transactions • Aug 30
Independent Director recently sold €644k worth of stock On the 28th of August, John Schauerman sold around 20k shares on-market at roughly €32.21 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (2.4% net profit margin). Significant insider selling over the past 3 months (€1.2m sold). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.73 (vs US$0.94 in 2Q 2022) Second quarter 2023 results: EPS: US$0.73 (down from US$0.94 in 2Q 2022). Revenue: US$1.41b (up 38% from 2Q 2022). Net income: US$39.0m (down 22% from 2Q 2022). Profit margin: 2.8% (down from 4.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 09
Primoris Services Corporation Provides Earnings Guidance for the Year Ending December 31, 2023 Primoris Services Corporation provides earnings guidance for the year ending December 31, 2023. For the period, the company expects Net income to be between $2.15 and $2.35 per fully diluted share. Tillkännagivande • Jul 21
Primoris Services Corporation to Report Q2, 2023 Results on Aug 07, 2023 Primoris Services Corporation announced that they will report Q2, 2023 results After-Market on Aug 07, 2023 Recent Insider Transactions • Jun 25
Independent Director recently sold €551k worth of stock On the 21st of June, John Schauerman sold around 20k shares on-market at roughly €27.53 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Upcoming Dividend • Jun 22
Upcoming dividend of US$0.06 per share at 0.8% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.7%). Recent Insider Transactions • Jun 06
Independent Director recently sold €516k worth of stock On the 2nd of June, John Schauerman sold around 20k shares on-market at roughly €25.80 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Tillkännagivande • May 27
Primoris Services Corporation Announces Resignation of John F. Moreno as Chief Operating Officer On May 22, 2023, Primoris Services Corporation and John F. Moreno, Jr., reached a mutual agreement of employment separation, pursuant to which Mr. Moreno will no longer serve as Chief Operating Officer of Primoris effective as of May 22, 2023.