Backlog Surge

Primoris’ backlog climbed to $11.95 billion, reflecting a 108 % year‑on‑year growth over the past two years and signalling strong demand. Operating margin held at 4.2 % in the quarter, with a free cash flow margin of 6.5 %. Adjusted EPS guidance for 2026 is $5.90 at the midpoint, a 1 % beat on analyst estimates, while EBITDA guidance is $570 million, exceeding the consensus of $565.3 million.