revenue $1.69B, net income -$24.2M. Primoris swings to Q2 loss on renewable cost overruns; new securities suit filed

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Energy segment gross margin flipped from +10.8% to -0.3% on cost overruns at six renewable projects, driving a consolidated operating loss of $26.8M vs. $126.6M profit a year ago.

  MD&A: Energy cost overruns verify on EDGAR →
• high

  Revenue fell 10.7% to $1.69B, with net loss of $24.2M (-$0.45 diluted EPS) vs. net income a year ago.

  MD&A: Results verify on EDGAR →
• high

  A putative securities class action was filed July 21, 2026, alleging false and misleading statements; company removed its prior blanket assurance that litigation outcomes would not be material.

  Legal Proceedings verify on EDGAR →