Question · Q4 2025
Stephen Smith asked about forthcoming utility developments, particularly in Texas, and their expected impact on backlog, as well as the current state of communications activity and what is or isn't reflected in the backlog.
Answer
Koti Vadlamudi, President and CEO, highlighted Texas as a fertile market for energy, power generation, and data centers, with strong conviction in local relationships for distribution and substation builds. He noted the majority of the $7 billion MSA backlog is in utilities and expressed confidence in the fiber business with recent wins and future opportunities in communications.
Ask follow-up questions
Fintool can predict 
PRIM's earnings beat/miss a week before the call
