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Jun 30, 2021
Quanta Services Q2 2021 Earnings Report
Quanta Services reported record second-quarter revenues, net income, adjusted EBITDA, and earnings per share, driven by the Electric Power Infrastructure Solutions segment's strong performance and safe execution. The company's backlog also reached a record high, reflecting collaborative customer relationships and increased programmatic spending.
Key Takeaways
Quanta Services reported record second-quarter results, with revenues of $3.00 billion and net income attributable to common stock of $117.0 million, or $0.81 per diluted share. Adjusted diluted earnings per share were $1.06. The company's backlog reached a record $17.0 billion.
Record second quarter consolidated revenues of $3.0 Billion.
Record Second Quarter GAAP and Adjusted Diluted EPS of $0.81 and $1.06, respectively.
Remaining Performance Obligations of $4.4 Billion and Record Total Backlog of $17.0 Billion.
Raises Full-Year 2021 Financial Outlook.
Revenue by Segment
Forward Guidance
Quanta now expects revenues to be between $12.20 billion and $12.45 billion, net income attributable to common stock to be between $491 million and $543 million, diluted earnings per share attributable to common stock to be between $3.40 and $3.76 and adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) to be between $4.32 and $4.68 for the full year of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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