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Dec 31, 2021
Quanta Services Q4 2021 Earnings Report
Quanta Services reported record revenues and profits for Q4 2021, driven by strong demand for its infrastructure solutions and strategic initiatives.
Key Takeaways
Quanta Services reported strong fourth-quarter results, with record revenues, profits, and backlog. The company's success is attributed to its strategic initiatives, collaborative customer relationships, and strong end-market drivers. Quanta is positioning itself as a leader in facilitating North America's energy transition, particularly in renewable energy infrastructure solutions.
Consolidated revenues reached $3.92 billion.
GAAP diluted EPS was $0.71, while adjusted diluted EPS was $1.54.
Net income attributable to common stock amounted to $104.8 million.
Year-end total backlog reached $19.27 billion.
Quanta Services
Quanta Services
Quanta Services Revenue by Segment
Revenue by Segment
Underground Utility & Infrastructure Solutions Revenue
CapyFin.com Forward Guidance
Quanta Services anticipates growth in revenues, net income, adjusted EBITDA, and adjusted earnings per share for the full year 2022. Demand remains strong for their infrastructure solutions, supporting energy-transition initiatives and modernization efforts.
Positive Outlook
- Revenues are expected to range between $16.00 billion and $16.50 billion.
- Net income attributable to common stock is projected to be between $530 million and $604 million.
- Diluted earnings per share attributable to common stock is expected to range between $3.56 and $4.06.
- Adjusted diluted earnings per share is projected to be between $6.00 and $6.50.
- Free cash flow is expected to be between $650 million and $850 million.
Challenges Ahead
- Weather conditions may impact future financial results.
- Regulatory and permitting issues could affect project timing.
- Execution challenges may arise.
- The effects of the COVID-19 pandemic continue to create uncertainty.
- Inflation may have an impact.