Quanta Services Q3 revenue $6.49B, adj EPS $2.72, backlog $34B; raises FY guidance

QUANTA SERVICES, INC.

2024-Q3 EPS reported $4.00 revenue$17,119,373,000

Record Q3 revenue $6.49B (+15% YoY); GAAP diluted EPS $1.95 vs $1.83; adjusted EPS $2.72 vs $2.24.
Adjusted EBITDA record $682.8M; net income attributable to common stock $293.2M.
Total backlog $34.0B (record); remaining performance obligations $15.6B.
Free cash flow $539.5M in Q3, year-to-date $979.3M; YTD cash from ops $1.37B.
Raising mid-point of full-year 2024 adjusted diluted EPS expectations (specific not in excerpt).

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