NEW YORK CITY, NY / ACCESS Newswire / November 9, 2026 / Primoris Services Corporation (NYSE: PRIM) now expects approximately $450 million of revenue to slip beyond 2026. The Company disclosed the deferral with its third-quarter 2026 results, which also cut full-year adjusted EPS and adjusted EBITDA guidance, and PRIM shares fell. If you bought PRIM based on the Company's 2026 outlook and lost money, you have rights as a shareholder. Investors who lost money on PRIM are encouraged to report their PRIM losses here. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

On the November 4, 2025 earnings call, Primoris management, including Chairman and Interim CEO David King and CFO Ken Dodgen, addressed a decline in backlog: "Based on our conversation with customers, we view this as a near-term adjustment to the timing of bookings and believe we will see backlog begin to build over the next few quarters." On June 22, 2026, the Company cut full-year 2026 adjusted EBITDA guidance from $480 million-$500 million to $275 million-$325 million. That is roughly $190 million, or 39%, lower at the midpoint.

The Company's Q2 2026 Form 10-Q reported cost overruns on six renewable projects. Energy segment gross margin went from 10.8% to a 0.3% gross loss, and the segment recorded a $56.4 million operating loss. Operating cash flow was negative $131.3 million, while total debt rose from $472.7 million to $801.1 million. Levi & Korsinsky is investigating potential securities law violations on behalf of PRIM shareholders.

PRIM shareholders who suffered losses, including those who already sold, can request a free review of their PRIM losses or call (212) 363-7500.

Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com

Frequently Asked Questions About the PRIM Investigation

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Primoris Services Corporation made materially false or misleading statements regarding its 2026 outlook and the condition of its backlog and Energy/renewables projects. When the Company disclosed third-quarter 2026 results that pushed approximately $450 million of revenue beyond 2026 and lowered full-year guidance, the stock price declined.

Q: When did Primoris Services Corporation allegedly mislead investors? A: The investigation concerns statements made before the corrective disclosure that allegedly caused investors to purchase securities at inflated prices.

Q: Who is eligible to participate in the PRIM investigation? A: Investors who purchased PRIM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What do PRIM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my PRIM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought PRIM and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

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CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE: Levi & Korsinsky, LLP