Quanta Services Q2 record revenue $4.23B, adj EPS $1.54; confirms FY outlook

QUANTA SERVICES, INC.

2022-Q2 EPS reported $1.16 revenue$8,197,528,000

Q2 revenue $4.23B (record), up 41% YoY; GAAP EPS $0.59, adjusted EPS $1.54 (vs $1.06)
Record adjusted EBITDA $422.1M; total backlog $19.9B (record), RPO $6.9B
Signed MSA for national EV DC fast charging network with up to 2,000 stalls; construction begins 2023
Q2 repurchased 731K shares for $84.9M; July acquired western US underground utility contractor; appointed Scott Rowe to board
Confirmed full-year 2022 financial expectations with greater visibility

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