Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to . Commission file number 001-34145 Primoris Services Corporation (Exact name of registrant as specified in its charter) Securities regis ...

Exhibit 99.1 Primoris Services Corporation Reports Second Quarter 2025 Results Dallas, TX – August 4, 2025 – Primoris Services Corporation (NYSE: PRIM) ("Primoris" or the "Company") today announced financial results for its second quarter ended June 30, 2025 and provided comments on the Company's operational performance and outlook for the remainder of 2025. For the second quarter of 2025, Primoris reported the following highlights (1): "Our second quarter results are indicative of the strength of our end m ...

Core Insights - The Zacks Building Products - Heavy Construction industry is experiencing strong growth driven by favorable long-term trends, despite facing near-term challenges such as inflation and elevated interest rates [1][8]. Industry Overview - The industry encompasses mechanical and electrical construction, industrial and energy infrastructure, and building service providers, focusing on heavy civil construction projects like highways, bridges, and ports [3]. - Companies in this sector are engaged in engineering, construction, and maintenance of communications infrastructure, oil and gas pipelines, and energy processing facilities [3]. Growth Drivers - A robust federal infrastructure agenda is unlocking significant investments in transportation, broadband, and energy networks, leading to increased demand in high-growth sectors [2]. - The data center market's expansion is creating new opportunities for heavy construction firms, driven by the need for large-scale infrastructure solutions [2][5]. - The ramp-up of 5G projects is benefiting industry players, with increased demand for wireline and wireless networks [6]. Trends Impacting the Industry - The U.S. administration's infrastructure plan aims to create sustainable infrastructure, which is expected to significantly impact the construction industry over the next five years [4]. - Acquisitions are being utilized by companies to solidify product portfolios and leverage new business opportunities, particularly in renewable energy projects [7]. Financial Performance - The Zacks Building Products - Heavy Construction industry has outperformed the broader Zacks Construction sector and the S&P 500, with a collective gain of 49.8% over the past year compared to 0.3% for the sector and 16.1% for the S&P 500 [13]. - The industry's forward 12-month price-to-earnings ratio is currently at 22.94, slightly above the S&P 500's 22.87 [17]. Company Highlights - **MasTec, Inc. (MTZ)**: Reports an 18-month backlog of $15.88 billion, a 23.7% year-over-year increase, with a growth outlook supported by diversified operations and strategic focus on clean energy [20][21]. - **Orion Group Holdings, Inc. (ORN)**: Positioned to benefit from rising demand for specialized marine and concrete services, with a focus on operational efficiency and debt reduction [25][26]. - **Primoris Services Corporation (PRIM)**: Gaining from increased activity in power delivery and renewable energy projects, with a robust backlog of $11.4 billion [29][30]. - **Dycom Industries, Inc. (DY)**: Leveraging demand for telecommunications infrastructure, particularly in 5G and fiber-optic deployment, with a strong financial performance reflected in recent earnings [34][35].

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Primoris Services (PRIM) . This company, which is in the Zacks Building Products - Heavy Construction industry, shows potential for another earnings beat.This construction contractor has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surpr ...

Company Performance - Primoris Services (PRIM) shares have increased by 14.3% over the past month and reached a new 52-week high of $90.89 [1] - The stock has gained 17.7% since the beginning of the year, outperforming the Zacks Construction sector's 5.6% and the Zacks Building Products - Heavy Construction industry's 22.8% [1] Earnings and Revenue - Primoris Services has consistently beaten earnings estimates, with an EPS of $0.98 reported on May 5, 2025, compared to a consensus estimate of $0.72, and a revenue beat of 9.89% [2] - For the current fiscal year, earnings are expected to be $4.48 per share on revenues of $6.77 billion, reflecting a 15.76% increase in EPS and a 6.37% increase in revenues [3] - For the next fiscal year, the company is projected to earn $5.11 per share on revenues of $7.25 billion, indicating a year-over-year change of 14.06% in EPS and 7.01% in revenues [3] Valuation Metrics - Primoris Services has a Value Score of B, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [6] - The stock trades at 20.1X current fiscal year EPS estimates, below the peer industry average of 24.5X, and at 16.3X trailing cash flow compared to the peer group's average of 14.2X [7] - The PEG ratio stands at 1.55, which does not place the company among the top value stocks [7] Zacks Rank - Primoris Services holds a Zacks Rank of 1 (Strong Buy) due to favorable earnings estimate revisions from analysts [8] - The company meets the criteria for investors looking for stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, suggesting potential for further gains [9] Industry Comparison - The Building Products - Heavy Construction industry is in the top 3% of all industries, indicating strong tailwinds for both Primoris Services and its peer, MasTec, Inc. [12] - MasTec, Inc. has a Zacks Rank of 1 and is expected to post earnings of $6.07 per share on revenues of $13.66 billion for the current fiscal year [10][11]

Group 1 - Primoris Services (PRIM) is a notable stock in the Construction sector, currently holding a Zacks Rank of 1 (Strong Buy) indicating strong potential for outperformance [3] - Year-to-date, PRIM has returned 15.4%, significantly outperforming the average gain of 1.4% for the Construction group [4] - The Zacks Consensus Estimate for PRIM's full-year earnings has increased by 3.8% over the past three months, reflecting improving analyst sentiment [4] Group 2 - Primoris Services is part of the Building Products - Heavy Construction industry, which ranks 7 in the Zacks Industry Rank, with an average year-to-date gain of 19.4% [6] - Despite its strong performance, PRIM is slightly underperforming its industry in terms of year-to-date returns [6] - Persimmon Plc (PSMMY) is another Construction stock that has outperformed the sector with a year-to-date return of 8.3% [5]

Market Overview - Wall Street reached record-high levels despite a turbulent first half of 2025, with the second quarter being the best for U.S. stocks in the past year due to expectations of key trade deals and reduced recession fears [1] - The Federal Reserve indicated two more cuts in the benchmark lending rate for the second half of the year, contributing to a continued bull run in July, with the S&P 500 and Nasdaq Composite hitting all-time highs [2] Stock Performance - A selection of stocks has shown significant price strength, particularly those on a recent bull run, indicating potential for continued momentum [3] - Notable stocks include RF Industries Ltd. (RFIL), Legacy Education Inc. (LGCY), Primoris Services Corp. (PRIM), Allot Ltd. (ALLT), and Euroseas Ltd. (ESEA) [3] Stock Screening Criteria - Stocks must show a percentage change in price greater than zero over the last four weeks and greater than 10% over the last 12 weeks to indicate sustained momentum [5] - Stocks should have a Zacks Rank of 1 (Strong Buy) and an average broker rating of 1, indicating strong future performance expectations [6] - Stocks must be trading at a minimum price of $5 and be within 85% of their 52-week high to ensure they are strong performers [7] Individual Stock Highlights - **RF Industries Ltd. (RFIL)**: Stock surged 74% in four weeks, with expected earnings growth over 100% for the current fiscal year [8][10] - **Legacy Education Inc. (LGCY)**: Stock price increased by 29.6% in four weeks, with an expected earnings growth rate of 0.8% [12] - **Primoris Services Corp. (PRIM)**: Stock climbed 23.4% in four weeks, with an expected earnings growth rate of 15.8% [14] - **Allot Ltd. (ALLT)**: Stock surged 19.8% in four weeks, with expected earnings growth over 100% [17] - **Euroseas Ltd. (ESEA)**: Stock advanced 12.6% in four weeks, with an expected earnings growth rate of 1.2% [19]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Primoris Services (PRIM) - Primoris Services currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, PRIM shares increased by 8.18%, outperforming the Zacks Building Products - Heavy Construction industry, which rose by 4.72% [5] - In a longer timeframe, PRIM's shares have risen by 39.98% over the last three months and 67.21% over the past year, compared to the S&P 500's gains of 10.24% and 14.41%, respectively [6] Trading Volume - The average 20-day trading volume for PRIM is 805,363 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for PRIM have been revised upwards, increasing the consensus estimate from $4.33 to $4.48 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, PRIM is identified as a promising momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Primoris Services (PRIM) Analysis - Primoris Services (PRIM) has shown a four-week price change of 8.3%, indicating growing investor interest [4] - Over the past 12 weeks, PRIM's stock has gained 48.1%, with a beta of 1.37, suggesting it moves 37% more than the market [5] - PRIM has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - PRIM is trading at a Price-to-Sales ratio of 0.65, suggesting it is undervalued at 65 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides PRIM, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on various investing styles [9]

Group 1 - Primoris Services (PRIM) is currently outperforming the Construction sector with a year-to-date return of approximately 4.8%, while the sector has returned an average of -0.6% [4] - The Zacks Consensus Estimate for PRIM's full-year earnings has increased by 3.3% over the past 90 days, indicating improving analyst sentiment and a positive earnings outlook [4] - Primoris Services holds a Zacks Rank of 2 (Buy), suggesting it has characteristics that may lead to outperformance in the market over the next one to three months [3] Group 2 - Primoris Services is part of the Building Products - Heavy Construction industry, which ranks 3 in the Zacks Industry Rank, with an average gain of 14.6% year-to-date [6] - In comparison, another stock in the Construction sector, Persimmon Plc (PSMMY), has a year-to-date return of 25% and also holds a Zacks Rank of 2 (Buy) [5] - The Building Products - Home Builders industry, to which Persimmon Plc belongs, is currently ranked 231 and has moved -12.6% year-to-date [7]