earnings
confidence high
sentiment positive
materiality 0.75
Quanta Services Q3 revenues $4.46B record; adjusted EPS $1.77 vs $1.48 YoY
QUANTA SERVICES, INC.
2022-Q3 EPS reported
$2.22
revenue$12,657,285,000
- Revenues $4.46B (record Q3), up 33% YoY from $3.35B; GAAP net income $156M ($1.06 diluted EPS).
- Adjusted diluted EPS $1.77 (record Q3), up from $1.48 in Q3 2021; adjusted EBITDA $467.4M (record).
- Total backlog $20.9B; remaining performance obligations $6.8B, both record levels.
- Confirmed full-year 2022 financial expectations; Q3 cash from ops $343.4M, strong free cash flow.
- Repurchased ~1.05M shares for $126.8M YTD through Oct 2022; acquired a utility contractor in July.