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Dec 31, 2024
Quanta Services Q4 2024 Earnings Report
Quanta Services reported strong Q4 2024 results with double-digit revenue and earnings growth.
Key Takeaways
Quanta Services delivered a robust fourth quarter with consolidated revenues of $6.55 billion, marking a strong year-over-year increase. Net income attributable to common stock was $305.1 million, and GAAP diluted EPS came in at $2.03. Adjusted EPS was significantly higher at $2.94. The company generated $575.4 million in free cash flow and reported a record total backlog of $34.54 billion.
Revenue increased to $6.55 billion, up from $5.78 billion in Q4 2023.
GAAP diluted EPS rose to $2.03, while adjusted EPS reached $2.94.
Net income grew to $305.1 million, reflecting strong profitability.
Total backlog reached a record $34.54 billion, signaling strong future demand.
Revenue by Segment
Forward Guidance
Quanta Services expects continued strong performance in 2025, projecting double-digit growth in revenue, adjusted EBITDA, and earnings per share. The company anticipates a record backlog driven by accelerating demand for power and infrastructure solutions.
Positive Outlook
- Revenue expected to grow between $26.60 billion and $27.10 billion.
- Net income projected to increase to $1.04 billion - $1.13 billion.
- Adjusted EPS guidance set between $9.90 and $10.50.
- EBITDA expected to range from $2.49 billion to $2.62 billion.
- Continued strategic acquisitions and infrastructure investments.
Challenges Ahead
- Potential impacts from economic uncertainties and inflation.
- Regulatory and permitting challenges could delay projects.
- Supply chain disruptions remain a risk to execution timelines.
- Higher interest rates could affect financing costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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