Risk factors
Primoris Services (PRIM) risk factors
Item 1A of every Primoris Services Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors42 risks1 new1 dropped9 reworded
All variable-rate debt was unhedged at December 31, 2025; a 1-point rate move changes annual interest by approximately $4.4 million.
Filed Feb 24, 2026 - FY2024 10-K risk factors42 risks
Revenue depends heavily on fixed-price construction contracts, creating margin squeeze risks from labor and material cost overruns. Customer concentration is high, with the top ten customers generating 41.3% of 2024 revenue. Capital needs are tied to surety bonds and letters of credit required for project bidding.
Filed Feb 25, 2025