PRIM Investor Alert: Levi & Korsinsky Investigates Primoris Services Corporation (PRIM) for Potential Securities Fraud

NEW YORK CITY, NY / ACCESS Newswire / June 26, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into Primoris Services Corporation ("Primoris Services Corporation") (NYSE:PRIM) concerning potential violations of the federal securities laws.

Primoris Services Corporation shares plunged 21.6% intraday on June 22, 2026, after the Company cut its FY 2026 net-income guidance from $223--$234 million down to $71--$101 million, reduction of approximately 70% in a single announcement.

The collapse followed a sharp divergence between what management had told investors and what the books ultimately showed. On the Q1 2026 earnings call dated May 6, 2026, CFO Ken Dodgen guided for full-year earnings per diluted share of $4.05--$4.25 and adjusted EBITDA of $480--$500 million. Six weeks later, the Company slashed its guidance on each metric, projecting earnings per share of $1.30--$1.85 and adjusted EBITDA of only $275-$325.

The May 5, 2026 earnings release stated: "Importantly, the majority of our renewables portfolio continues to perform in line or ahead of expectations." The June 22 revision attributed the guidance collapse to cost overruns and schedule delays on six renewables projects. The Q1 2026 Form 10-Q, filed May 6, 2026, recorded goodwill of $856.9 million -- unchanged from 2025 -- with no impairment, no MD&A disclosure of the overruns, and no reference to COO Jeremy Kinch's pending departure, which was announced simultaneously with the guidance cut.

If you suffered a loss on your Primoris Services Corporation securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212)363-7500

Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP