Primoris Services Corporation Reports Fourth Quarter and Full Year 2025 Results

About this update from Primoris Services Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/31b176a889dd104415fd67e722796785"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Sbkm2849CMy5oPVlExWiKw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/31b176a889dd104415fd67e722796785","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/sGsS6wnegE_xqOcRsJY63w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/31b176a889dd104415fd67e722796785","width":1024,"height":512}},"lazy":false},{"type":"text","content":"DALLAS, February 23, 2026--(BUSINESS WIRE)--Primoris Services Corporation (NYSE: PRIM) ("Primoris" or the "Company") today announced financial results for its fourth quarter and full year ended December 31, 2025, and provided the Company’s initial outlook for 2026.","length":285,"tagName":"p"},{"type":"text","content":"For the full year 2025, Primoris reported the following highlights(1):","length":70,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $7.6 billion, up $1.2 billion, or 19.0%, compared to the full year of 2024, driven by double-digit growth in the Energy and Utilities segments;","length":154,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income of $274.9 million, or $5.02 per diluted share, up 52.0% from the full year of 2024, due to higher operating income and lower interest expense;","length":153,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Full year net cash provided by operating activities of $470.4 million;","length":70,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total backlog of $11.9 billion, up $0.1 billion from year end 2024, including total Master Service Agreements ("MSA") backlog of $7.0 billion;","length":152,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted net income of $308.2 million, or $5.62 per diluted share, an increase of 45.8% from the full year of 2024; and","length":119,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted earnings before interest, income taxes, depreciation, and amortization (&quot...

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