secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001193125-24-128105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312524128105/0001193125-24-128105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312524128105/d800145d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-128105

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