Loading...
•
Sep 30, 2021
Quanta Services Q3 2021 Earnings Report
Quanta Services reported record third quarter consolidated revenues and strong Electric Power Infrastructure Solutions segment results.
Key Takeaways
Quanta Services announced strong Q3 2021 results, achieving record third quarter consolidated revenues of $3.35 billion. The company's GAAP EPS was $1.21 and adjusted diluted EPS was $1.48. Quanta also completed the acquisition of Blattner, a renewable energy infrastructure solutions provider.
Record third quarter consolidated revenues of $3.35 billion.
Strong Electric Power Infrastructure Solutions segment results, including operating income margin of 12.4%.
Record third quarter GAAP and Adjusted Diluted EPS of $1.21 and $1.48, respectively.
Remaining Performance Obligations of $4.4 Billion and Record Total Backlog of $17.0 Billion.
Revenue by Segment
Forward Guidance
Quanta Services expects revenues to be between $12.55 billion and $12.85 billion, net income attributable to common stock to be between $464 million and $493 million, diluted earnings per share attributable to common stock to be between $3.20 and $3.40 and adjusted diluted earnings per share attributable to common stock to be between $4.62 and $4.87 for the full year of 2021.
Positive Outlook
- Revenues to be between $12.55 billion and $12.85 billion
- Net income attributable to common stock to be between $464 million and $493 million
- Diluted earnings per share attributable to common stock to be between $3.20 and $3.40
- Adjusted diluted earnings per share attributable to common stock to be between $4.62 and $4.87
- EBITDA to be between $1.09 billion and $1.14 billion
Challenges Ahead
- Weather
- Regulatory
- Permitting
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...