Quanta Q4 2024 revenue $6.55B record; adj EPS $2.94; guides 2025 double-digit growth

QUANTA SERVICES, INC.

2024-FY EPS reported $6.03 revenue$23,672,795,000

Q4 2024 revenue $6.55B (+13% YoY); GAAP EPS $2.03 vs $1.42; adj EPS $2.94 vs $2.04.
Full-year 2024 revenue $23.67B, net income $904.8M, adj EBITDA $2.33B, free cash flow $1.55B – all records.
Year-end total backlog $34.54B (record), remaining performance obligations $16.76B (record).
2025 guidance: double-digit growth in revenue, net income, adj EBITDA, and EPS; expects record backlog.
Segment recast: two segments effective Q1 2025 – Electric Infrastructure Solutions and Underground Utility & Infrastructure Solutions.

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