Business Wire·Nov 13, 2026, 5:31 PM ET

PRIMORIS SERVICES CORPORATION INVESTIGATION: PRIM Securities Investors Encouraged to Contact Kirby McInerney LLP About Their Rights

Kirby McInerney LLP is investigating potential claims against Primoris Services Corporation for possible violations of federal securities laws or unlawful business practices.
On November 3, 2026, Primoris reported third-quarter 2026 revenue of $2.0 billion, a 10.4% decrease year-over-year, and operating income of $94.9 million, a 30.7% decrease year-over-year.
CEO Koti Vadlamudi attributed the revenue decline to execution challenges, a volatile regulatory environment, & project delays, resulting in approximately $450 million of revenue deferred beyond 2026.
Primoris revised its full-year 2026 renewables revenue forecast to approximately $1.7 billion, down from the previous midyear expectation of $2.0 billion.
The company previously reported $205.9 million of unapproved contract modifications recognized as revenue in its August 5, 2026 Form 10-Q filing & $203.5 million in its May 6, 2026 filing.
Primoris shares declined by 14% after the announcement, falling from $79.57 on November 3, 2026 to $68.45 on November 4, 2026.
No lawsuit has been filed yet as the investigation remains ongoing to determine if claims can be brought under federal securities laws.
Investors who purchased Primoris securities are encouraged to contact Lauren Molinaro at investigations@kmllp.com to learn about their rights at no cost.