Primoris Services Corporation Q4 2025 Earnings Call Summary

The Energy segment faced margin pressure in Q4 due to unanticipated underground rock conditions on two 'sister' solar projects, which required unplanned labor and equipment expenditures.Management emphasizes a 'self-perform' labor model as a competitive advantage, allowing for better control over project timelines and quality in a constrained labor market.Renewables performance reached record levels despite navigating a volatile regulatory environment and project re-sequencing that pulled $500 million of re ...