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QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS

1. PWR delivered record Q4 results with higher revenues and EPS growth. 2. 2025 guidance projects double-digit revenue and backlog growth, boosting outlook.

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-1.75%S&P 500
$292.0702/20 06:56 AM EDTEvent Start
$273.9202/21 01:35 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The Q4 performance exceeded expectations with record revenues and solid EPS, while the forward-looking guidance indicates robust demand and operational strength. Similar high-impact earnings in infrastructure stocks historically spurred strong rally, as seen in previous periods of strong backlog performance.

How important is it?

The earnings announcement and growth outlook are significant catalysts that can drive investor sentiment and stock movement, making it highly impactful.

Why Long Term?

The record backlog and strong multi-year guidance provide a foundation for sustained growth beyond immediate results. Long-term catalysts in the infrastructure sector, evidenced by similar companies’ trajectories, support this view.

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ACMFLR
Full-Year 2025 Guidance Reflects Double-Digit Growth in Revenues, Net Income, Adjusted EBITDA and Earnings Per Share Ability to Achieve Record Backlog in 2025 Fourth Quarter 2024 Results Include: Consolidated Revenues of $6.55 Billion* GAAP Diluted EPS of $2.03* and Adjusted Diluted EPS of $2.94* Net Income Attributable to Common Stock of $305.1 Million* Adjusted EBITDA of $737.8 Million* Cash Flow From Operations of $712.0 million and Free Cash Flow of $575.4 million Year-End Remaining Performance Obligations (RPO) of $16.76 Billion* and Total Backlog of $34.54 Billion* Year-End Renewable Energy Infrastructure Solutions Segment RPO and Total Backlog Reach All-Time Highs* Full-Year 2024 Results Include: Consolidated Revenues of $23.67 Billion* GAAP Diluted EPS of $6.03* and Adjusted Diluted EPS of $8.97* Net Income Attributable to Common Stock of $904.8 Million* Adjusted EBITDA of $2.33 Billion* Cash Flow From Operations of $2.08 Billion* and Free Cash Flow of $1.55 billion* * = Record quarterly or record fourth quarter or full year result HOUSTON , Feb. 20, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three and twelve months ended December 31, 2024. Revenues in the fourth quarter of 2024 were $6.55 billion compared to revenues of $5.78 billion in the fourth quarter of 2023, and net income attributable to common stock was $305.1 million, or $2.03 per diluted share, in the fourth quarter of 2024 compared to net income attributable to common stock of $210.9 million, or $1.42 per diluted share, in the fourth quarter of 2023.

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