Quanta Services Q2 2020 Earnings Report
Key Takeaways
Quanta Services reported revenues of $2.51 billion and net income of $73.9 million, or $0.52 per diluted share, for the second quarter of 2020. Adjusted diluted earnings per share were $0.74. The company's total backlog was $13.9 billion, and it had total liquidity of $2.1 billion at the end of the quarter.
Second Quarter GAAP Diluted EPS of $0.52 and Adjusted Diluted EPS of $0.74
Second Quarter Cash Flow from Operating Activities of $497.5 million
Total Liquidity of $2.1 Billion at June 30, 2020
Remaining Performance Obligations of $5.2 Billion and Total Backlog of $13.9 Billion
Quanta Services
Quanta Services
Forward Guidance
Quanta expects revenues to range between $11.0 billion and $11.4 billion, net income attributable to common stock to range between $338 million and $382 million, diluted earnings per share attributable to common stock to range between $2.33 and $2.64 and adjusted diluted earnings per share attributable to common stock to range between $3.18 and $3.48. Additionally, Quanta is increasing its full year free cash flow expectations to between $600 million and $800 million.