StockNews.AI
PWR
StockNews.AI
180 days

QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS

1. Q4 2024: Record $6.55B revenue and $2.03 GAAP EPS boost growth. 2. 2025 guidance signals double-digit revenue growth and record backlog expansion.

3m saved
Insight
Article

FAQ

Why Bullish?

Strong quarterly performance with record revenue, EPS, and backlog, combined with positive guidance, suggests robust fundamentals. Historically, similar earnings surprises in the infrastructure sector have driven significant upward re-rating.

How important is it?

Detailed record results combined with strong future metrics signal significant catalyst potential for PWR, aligning with historical momentum in similar dominant performers.

Why Long Term?

The sustained record backlog and strategic guidance point toward durable competitive advantages, similar to long-term trends seen in other industrial leaders.

Related Companies

MTZ
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.

Related News