PRIM Primoris (PRIM) Q4 FY25 earnings call
Primoris delivered record financial performance in Q4 FY25, driven by strong demand in energy infrastructure, particularly data centers and power generation. While facing some project-specific margin pressures in renewables and a decline in storm work, the company's robust backlog and strategic investments in labor and capabilities position it for continued growth. Management is focused on improving execution and leveraging a strong balance sheet for organic expansion and strategic M&A.
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PRIM operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $11.9B+We finished the year with over $11.9 billion in total backlog, including booking nearly $3 billion of new work in the final quarter of the year.Source: earnings call transcript | $11.6BWith respect to backlog, we ended the quarter with $11.6 billion in total backlog compared to $11.9 billion at the end of 2025.Source: earnings call transcript | <$13.9BTotal backlog at the end of Q2 was just under $13.9 billion, an increase of approximately $2.2 billion sequentially from Q1 and a record for Primoris.Source: earnings call transcript | — |
| Orders | <$3BWe finished the year with over $11.9 billion in total backlog, including booking nearly $3 billion of new work in the final quarter of the year.Source: earnings call transcript | — | $3.9B+During the quarter, we secured more than $3.9 billion of new awards, including approximately $1.5 billion in the Utilities segment and $2.4 billion in the Energy segment.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.