The engineering firm reaffirms its full-year EBITDA guidance while targeting $1.5B-$2B in second-half renewables bookings.
Primoris Services Corporation maintained its 2026 adjusted EBITDA guidance of $275M-$325M during its Q2 earnings call. CEO Koti Vadlamudi attributed Q2 results to absorbing pressure in the renewables segment while progressing toward completion milestones.
The company previously outlined this EBITDA range in earlier guidance, with Q2 performance reflecting ongoing challenges in renewable projects. Analysts had anticipated steady execution amid sector volatility.
Primoris also set a target of $1.5B-$2B in renewables bookings for the second half of 2026, signaling confidence in demand recovery despite near-term headwinds.