Primoris Services Corporation Investigation - PRIM

Company: Primoris Services Corporation

Ticker: (NYSE) PRIM

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Certification of Plaintiff Pursuant to Federal Securities Laws

I, duly certify and say, as to the claims asserted under the federal securities laws, that:

1. I have reviewed a complaint filed in the action.

2. I did not purchase the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this action.

3. I am willing to serve as a representative party on behalf of the class, including providing testimony at deposition and trial, if necessary.

4. My transaction(s) in Primoris Services Corporation which are the subject of this litigation during the class period set forth in the complaint are set forth in the chart attached hereto.

5. Within the last 3 years,

I have not sought to serve nor have I served as a class representative in any federal securities fraud case.
I have sought to serve as a class representative in

6. I will not accept any payment for serving as a representative party on behalf of the class beyond the Plaintiff's pro rata share of any recovery, except as ordered or approved by the court, including any award for reasonable costs and expenses (including lost wages) directly relating to the representation of the class.

Are you US Citizen?

Yes. I certify under penalty of perjury that the foregoing is true and correct. Executed this
No. I certify under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed this

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

By your signature above, you confirm that have retained Levi & Korsinsky, LLP to represent you and the shareholder class as a lead plaintiff in the pending class action against Primoris Services Corporation. This representation will be on a contingency basis, meaning that Levi & Korsinsky will advance all expenses in the litigation and will only seek compensation and/or reimbursement of expenses if the firm obtains a recovery. Regardless of the result, we will never ask you to directly pay for any attorneys’ fees, expenses, or costs. Should we obtain a favorable result, we may ask the court to award us compensation and reimbursement of expenses to be paid by the defendants or as a portion of any class recovery. In exchange for our representation, you agree to cooperate as our client by providing, for example, relevant documents and deposition testimony, if necessary. During the course of this litigation, we may employ and/or work with other law firms, experts, and third-parties to successfully prosecute this action. If you are not appointed as the lead plaintiff or Levi & Korsinsky is not appointed as lead counsel, we will notify you of such decision at which time this representation will end unless otherwise extended by you and the firm. We look forward to working with you towards a successful resolution of this action.

I have reviewed the complaint linked in paragraph 1

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Investigation Details

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.