Primoris Misses Earnings, Shares Plummet

Primoris, a major infrastructure company, reported disappointing first quarter earnings for calendar year 2026, with revenue and earnings per share missing analyst expectations. The companys adjusted EBITDA, operating margins, and free cash flow also fell short. Shares plummeted by nearly 30% post-earnings, despite a strong backlog. Primoris has shown robust revenue growth over the past five years, but this quarter revealed cost pressures and weaker demand in energy and civil work. Analysts project a 11.5% revenue increase over the next year, but the company must improve operations to maintain profitability. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c497ab8d3a159566