Primoris Q1 2026: Navigating Renewables Challenges, Utilities Shine

Primoris Services Q1 2026 earnings showed a 5.4% revenue drop due to renewables sector hiccups. Labor issues, redesigns, weather, and rapid market expansion led to a 1.8% gross margin drop. However, utilities sector grew by 12.3%, and the company has taken steps to improve planning and estimating. The backlog remains steady at $11.6 billion, with utilities adding more master service deals. The Paynecrest acquisition added electrical capabilities, and guidance was adjusted for renewables revenue and earnings per share. Expectations are for margins to improve in Q2 and solid growth into 2027. 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/bab32799e7d94c70