Quanta Services Q4 2024 Earnings Report
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.
Quanta Services Revenue
Quanta Services EPS
Quanta Services Revenue by Segment
Quanta Services Revenue by Geographic Location
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.
- Weather-related disruptions may impact infrastructure projects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income