Primoris Q3 net income falls 46% to $51.3 million; Q3 revenue drops 10% to $1.95 billion
Bitget2026/11/03 21:40- Primoris Services’ third-quarter 2026 net income fell 46% year-over-year to $51.3 million.
- Revenue dropped 10% year-over-year to $1.95 billion, primarily due to lower renewables revenue in the Energy segment.
- Total backlog reached a record $14.1 billion at September 30; a new share purchase authorization totaled $250 million.
- Full-year 2026 net income is expected between $65.2 million and $73.2 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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