secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001193125-23-202254
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta Q2 revenue $5.05B record, beats; raises FY 2023 guidance
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- Q2 revenues $5.05B (record), up 19% YoY from $4.23B; GAAP EPS $1.12 vs $0.59 a year ago.
- Adjusted diluted EPS $1.65, up from $1.55; adjusted EBITDA $472.1M (record Q2).
- Total backlog $27.2B record; remaining performance obligations $12.5B.
- Raising full-year 2023 revenue, adjusted EBITDA and adjusted EPS expectations.
- New employment agreements for CEO, CFO, COO, and EVP; CEO base salary $1.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312523202254/0001193125-23-202254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312523202254/d470531d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-202254

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer