Quanta Services Q1 2024 revenues $5.03B (record); adj. EPS $1.41; raises full-year guidance

QUANTA SERVICES, INC.

2024-Q1 EPS reported $0.79 revenue$5,031,819,000

Record revenue $5.03B (+13.5% YoY); GAAP net income $118.4M, EPS $0.79; adjusted EPS $1.41 vs $1.24 YoY.
Adjusted EBITDA $387.3M (record Q1); operating cash flow $238.0M; free cash flow $181.2M (record Q1).
Total backlog $29.9B; remaining performance obligations $14.9B; electric power segment outperformed expectations.
Raising full-year 2024 revenue and EPS expectations; CEO cites demand from AI, data centers, and energy transition.
Electric Power segment profitability beat expectations; utilities increasing power demand for first time in years.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUANTA SERVICES, INC. reported first quarter 2024 results: revenue $5.03 billion, net income $118.4 million, EPS $0.79.

Period: first quarter 2024
Revenue: $5.03 billion
Net income: $118.4 million
EPS: $0.79
Result: reported results

Exact text from the filing

First Quarter Consolidated Revenues of $5.03 Billion* First Quarter GAAP Diluted EPS of $0.79 and Adjusted Diluted EPS of $1.41* Net Income Attributable to Common Stock of $118.4 Million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

QUANTA SERVICES, INC. updated its full-year 2024 guidance (raised).

Period: full-year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

Raising Full-Year 2024 Revenue and Earnings Per Share Expectations

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

QUANTA SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-128105

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