Primoris Services Corp (PRIM) company profile
Close on Nov 13, 2026Market cap $3.73BP/E 39.2Yield 0.46%
About Primoris Services
Water, Sewer, Pipeline, Comm & Power Line Construction, SIC 1623
Primoris Services Corporation provides critical infrastructure services, focusing on construction, maintenance, replacement, and engineering solutions. The company operates through two main business segments: Utilities and Energy. Its Utilities segment delivers infrastructure construction and maintenance for natural gas and electric utility transmission and distribution networks, alongside communications systems. The Energy segment supplies engineering, procurement, construction, and maintenance services across renewable power, energy storage, renewable fuels, petroleum, petrochemicals, and transportation projects. Primoris serves a broad customer base consisting of utility companies, power producers, solar developers, petrochemical and refining businesses, pipeline operators, and transportation departments.
The company operates across the United States and Canada, with its Utilities business spanning the United States and its Energy operations functioning in both countries. Primoris maintains a workforce comprising 3,055 salaried staff and 15,471 hourly craft professionals, with training centers and maintenance facilities supporting its operations. Its corporate headquarters is located in Dallas, Texas.
Summary of the business section of Primoris Services's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Primoris Services Corp
- Founded
- 1960
- Headquarters
- Dallas, TX
- Address
- 2300 N. Field Street, Suite 1900 75201
- Phone
- (214) 740-5600
- Website
- prim.com
- Employees
- 3,055, Dec 31, 2025
- Industry
- Water, Sewer, Pipeline, Comm & Power Line Construction
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Baker Tilly US, LLP, Los Angeles, CA
Stock & identifiers
- Ticker
- PRIM
- Exchange
- NYSE
- IPO date
- Oct 4, 2006
- Shares outstanding
- 54M, Jul 31, 2026
- Public float
- $4.20B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1361538
- CUSIP
- 74164F103
- ISIN
- US74164F1030
- FIGI
- BBG000BBLPH5
- Share class FIGI
- BBG001S64801
- LEI
- 549300UF3OLBJ8D5K349
- EIN
- 20-4743916
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Koti Vadlamudi | PRESIDENT & CEO, Director | 9,265 |
| Thomas Edward McCormick | PRESIDENT & CEO, Director | 54,060 |
| Travis Stricker | Deputy CFO | 10,938 |
| John M. Perisich | CHIEF LEGAL AND ADMIN OFFICER | 161,181 |
| Jeremy Kinch | CHIEF OPERATING OFFICER | 25,925 |
| Kenneth Morris Dodgen | CHIEF FINANCIAL OFFICER | 122,480 |
| Terry D. McCallister | Director | 32,093 |
| Patricia K. Wagner | Director | 8,527 |
| Michael E. Ching | Director | 11,325 |
| Carla S. Mashinski | Director | 23,019 |
| David Lee King | Director | 15,868 |
| Jose Ramon Rodriguez | Director | 18,612 |
| Harpreet Saluja | Director | 2,290 |
| James Alan Greer | Director | – |
| Oscar K. Brown | Director | – |
| John P. Schauerman | Director | 79,984 |
| Stephen C. Cook | Director | 7,966 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $17.49M | $23.16M | $2.86M | $467 | $408 |
| FY2024 | $5.71M | $14.93M | $2.73M | $360 | $286 |
| FY2023 | $7.00M | $8.47M | $3.42M | $156 | $184 |
| FY2022 | $2.59M | $2.41M | $1.51M | $102 | $156 |
| FY2021 | $3.45M | $3.07M | $1.82M | $110 | $169 |
| FY2020 | $2.15M | $2.24M | $1.30M | $126 | $104983 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Koti Vadlamudi President and Chief Executive Officer | $115.39K | $1.05M | $900.10K | – | $111.45K | $2.18M | – |
| Kenneth M. Dodgen Executive Vice President, Chief Financial Officer | $596.67K | – | $921.29K | $1.13M | $130.63K | $2.78M | +6% |
| John M. Perisich Executive Vice President Chief Legal Officer | $608.49K | – | $1.17M | $1.16M | $86.94K | $3.02M | +7% |
| Jeremy Kinch Executive Vice President Chief Operating Officer | $589.00K | – | $1.00M | $1.12M | $63.75K | $2.77M | – |
| David L. King Former Interim President and Chief Executive Officer | $606.54K | $1.00M | $1.25M | – | $186.33K | $3.05M | – |
| Tom E. McCormick Former Executive Vice President and Chief Executive Officer | $233.10K | – | $2.60M | $468.03K | $8.96M | $12.26M | +115% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
SPAC offering
- Type
- SPAC (blank check) IPO of units
- Final prospectus filed
- Oct 4, 2006
- Securities offered
- 4,500,000
- First trading day
- Aug 4, 2008
- First-day close
- $7.35
- Lock-up ends (est.)
- Jan 31, 2009
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 3,055 salaried employees and 15,471 hourly employees.”
Corporate history
Events identified from SEC filings
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