Primoris Services Corporation (NYSE:PRIM) shares are trading lower Tuesday after the company announced the departure of COO Jeremy Kinch. Also, the company cut its fiscal-year 2026 guidance.
Primoris stock is testing lower boundaries. Why did PRIM hit a new low?
COO Departure
Jeremy Kinch departed from the COO role effective today. While the company conducts a search for a permanent successor, President and CEO Koti Vadlamudi will assume most COO responsibilities in the interim. “The Company thanks Jeremy for his contributions and wishes him well on his future endeavors,” Vadlamudi said.
Guidance Cut
