# Primoris reports first-quarter results and PayneCrest close

> The May 5, 2026 report gave first-quarter revenue of \$1.6 billion and backlog of \$11.6 billion; it also stated the PayneCrest acquisition closed May 1.

- **Source date:** 2026-05-05
- **Original source:** [Primoris](https://ir.prim.com/news-and-events/news-releases/2026/05-05-2026-211613921)
- **Reading time:** 1 min
- **Language:** en
- **URL:** https://voltformer.com/news/primoris-q1-results-2026
- **Markdown:** https://voltformer.com/news/primoris-q1-results-2026.md

## Reported scope and milestone

Primoris Services Corporation: The May 5, 2026 report gave first-quarter revenue of \$1.6 billion and backlog of \$11.6 billion; it also stated the PayneCrest acquisition closed May 1.

[Primoris](https://ir.prim.com/news-and-events/news-releases/2026/05-05-2026-211613921)

## Engineering interpretation

PayneCrest adds electrical construction services for industrial, manufacturing and advanced-facility clients. The \$399.5 million transaction value net of acquired cash is acquisition accounting, not project contract value.

[Primoris](https://ir.prim.com/news-and-events/news-releases/2026/05-05-2026-211613921)

## Delivery responsibilities

Corporate announcements describe the financial period, leadership decision, partnership or policy event stated in the source. Revenue, earnings, work awarded and work in hand are different measures; their reporting basis and period must remain explicit. An appointment or policy response also does not establish a construction award. Engineering delivery is assessed separately through the authorized scope, contracts and acceptance records. Interpretations in this article provide context and do not add undocumented guarantees, project capacity or completed milestones.

[Primoris](https://ir.prim.com/news-and-events/news-releases/2026/05-05-2026-211613921)

## Related company profiles

- [Primoris Services Corporation](https://voltformer.com/epc-contractors/primoris) · [Markdown](https://voltformer.com/epc-contractors/primoris.md)

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