Quanta Services Q3 revenue $5.62B, adj. EPS $2.24; acquires Pennsylvania Transformer

QUANTA SERVICES, INC.

2023-Q3 EPS reported $3.59 revenue$15,098,258,000

Record Q3 revenues of $5.62B, up 26% YoY; GAAP diluted EPS $1.83, adjusted diluted EPS $2.24.
Net income attributable to common stock $272.8M; adjusted EBITDA $592.5M; both quarterly records.
Total backlog reached record $30.1B; remaining performance obligations $13.6B.
Raising full-year 2023 revenue and adjusted EBITDA guidance above prior expectations.
Announced acquisition of Pennsylvania Transformer Technology, LLC, a manufacturer of power transformers.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUANTA SERVICES, INC. reported the fiscal quarter ended September 30, 2023 results: revenue $5.62 billion, net income $272.8 million, EPS $1.83 per diluted share. Guidance raised.

Period: the fiscal quarter ended September 30, 2023
Revenue: $5.62 billion
Net income: $272.8 million
EPS: $1.83 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Revenues in the third quarter of 2023 were $5.62 billion compared to revenues of $4.46 billion in the third quarter of 2022, and net income attributable to common stock was $272.8 million, or $1.83 per diluted share, in the third quarter of 2023 compared to net income attributable to common stock of $156.0 million, or $1.06 per diluted share, in the third quarter of 2022.

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QUANTA SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-268784

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