Kirby McInerney LLP is investigating Primoris Services Corporation for possible violations of federal securities laws. The investigation follows a 50% share price drop on May 6, 2026, after Primoris reported first-quarter revenue of $1.6 billion, down 5.4% year-over-year, and net income of $17.4 million compared to $44.2 million a year earlier, citing increased costs on renewable energy projects. Shares fell another 22% on June 23, 2026, after the company lowered its full-year outlook, now expecting net income of $71 million to $101 million versus prior guidance of $223 million to $234 million, and announced the departure of its chief operating officer. No lawsuit has been filed, and the firm is seeking information from investors who acquired Primoris securities.
Primoris Services CorporationPrimoris reported weak Q1 earnings and lowered full-year guidance, causing share price drops.