Filing Flows › Primoris Services (PRIM) › Guidance history
Primoris Services (PRIM) guidance history: what it guided and what it reported
Primoris Services gave guidance in 12 earnings releases on file since Nov 4, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -0.0 pts against the guided midpoint. Its releases raised guidance 4 times and lowered it once.
Gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 10.0%–12.0% (Feb 23, 2026) → reaffirmed 10.0%–12.0% (May 5, 2026) → reaffirmed 10.0%–12.0% (Aug 4, 2026) → reaffirmed 10.0%–12.0% (Aug 5, 2026) → reaffirmed 10.0%–12.0% (Aug 6, 2026) → reaffirmed 10.0%–12.0% (Nov 3, 2026) | — | to be reported | — |
| FY2025 | 9.0%–11.0% (Feb 24, 2025) → reaffirmed 9.0%–11.0% (May 5, 2025) → raised 10.0%–12.0% (Aug 4, 2025) → reaffirmed 10.0%–12.0% (Nov 3, 2025) | — | — | — |
| FY2024 | 9.0%–11.0% (Nov 4, 2024) | — | — | — |
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $223M–$234M (May 5, 2026) → lowered $71.0M–$101M (Jun 22, 2026) → reaffirmed $71.0M–$101M (Aug 4, 2026) → reaffirmed $71.0M–$101M (Aug 5, 2026) → reaffirmed $71.0M–$101M (Aug 6, 2026) → lowered $65.2M–$73.2M (Nov 3, 2026) | — | to be reported | — |
| FY2025 | $203M–$214M (May 5, 2025) → raised $241M–$252M (Aug 4, 2025) | — | — | — |
| FY2024 | $156M–$164M (Nov 4, 2024) | — | — | — |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $59.3M (Feb 23, 2026) | — | to be reported | — |
| FY2025 | $61.8M (Feb 24, 2025) | — | — | — |
Tax rate
Met or beat 2 of 2 periods (0 above, 2 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 29.0% (Feb 23, 2026) → lowered 28.0%–29.0% (May 5, 2026) → raised 30.0%–32.0% (Aug 4, 2026) → reaffirmed 30.0%–32.0% (Aug 5, 2026) → reaffirmed 30.0%–32.0% (Aug 6, 2026) → raised 33.0% (Nov 3, 2026) | — | to be reported | — |
| FY2025 | 29.0% (Feb 24, 2025) → reaffirmed 29.0% (May 5, 2025) → reaffirmed 29.0% (Aug 4, 2025) → lowered 28.5% (Nov 3, 2025) | 28.4% | within the range | -0.1 pts |
| FY2024 | 29.0% (Nov 4, 2024) | 29.0% | within the range | +0.0 pts |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $23.0M–$26.0M (Feb 23, 2026) → raised $35.0M–$38.0M (May 5, 2026) → raised $43.0M–$47.0M (Aug 4, 2026) → reaffirmed $43.0M–$47.0M (Aug 5, 2026) → reaffirmed $43.0M–$47.0M (Aug 6, 2026) → reaffirmed $43.0M–$47.0M (Nov 3, 2026) | — | to be reported | — |
| FY2025 | $44.0M–$48.0M (Feb 24, 2025) → lowered $33.0M–$37.0M (Aug 4, 2025) → lowered $30.0M–$32.0M (Nov 3, 2025) | — | — | — |
| FY2024 | $68.0M–$71.0M (Nov 4, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $120M–$140M (Feb 23, 2026) → lowered $90.0M–$110M (May 5, 2026) → lowered $70.0M–$90.0M (Aug 4, 2026) → reaffirmed $70.0M–$90.0M (Aug 5, 2026) → reaffirmed $70.0M–$90.0M (Aug 6, 2026) → lowered $30.0M–$40.0M (Nov 3, 2026) | — | to be reported | — |
| FY2025 | $90.0M–$110M (Feb 24, 2025) → lowered $50.0M–$70.0M (May 5, 2025) → lowered $25.0M–$45.0M (Aug 4, 2025) → lowered $15.0M–$20.0M (Nov 3, 2025) | $130M (GAAP) | not judged | — |
| FY2024 | $10.0M–$20.0M (Nov 4, 2024) | $126M (GAAP) | not judged | — |
The latest quarter
Primoris Services, Q3 2026: revenue $2.0B (-10% year over year), operating margin 4.9%, net earnings $51.3M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
Questions
Does Primoris Services beat its guidance?
Primoris Services gave guidance in 12 earnings releases on file since Nov 4, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -0.0 pts against the guided midpoint.
How often does Primoris Services raise guidance?
Its earnings releases raised guidance 4 times and lowered it once since Nov 4, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.