Quanta Services ( (PWR) ) has released its Q4 earnings. Here is a breakdown of the information Quanta Services presented to its investors.
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Quanta Services is a leading provider of specialized infrastructure solutions across the utility, renewable energy, technology, communications, pipeline, and energy sectors, with operations in the United States, Canada, Australia, and select international markets. The company designs, installs, repairs, and maintains critical infrastructure, leveraging its extensive resources and expertise to execute projects on varying scales.
Quanta Services reported strong financial results for the fourth quarter and full-year 2024, achieving record revenues, profits, and cash flow. The company reported consolidated revenues of $6.55 billion for the fourth quarter, with a net income of $305.1 million. For the full year, revenues reached $23.67 billion, with a net income of $904.8 million, marking a substantial increase from the previous year.
Key financial highlights include a GAAP diluted earnings per share (EPS) of $2.03 for the fourth quarter and $6.03 for the year, alongside adjusted diluted EPS of $2.94 and $8.97, respectively. Quanta also achieved an adjusted EBITDA of $737.8 million for the quarter and $2.33 billion for the year. The company ended 2024 with a total backlog of $34.54 billion, including record high backlogs in its Renewable Energy Infrastructure Solutions segment.
Looking ahead to 2025, Quanta Services anticipates continued growth, projecting double-digit increases in revenue, net income, adjusted EBITDA, and earnings per share. The company remains poised to capitalize on the accelerating demand for power and infrastructure solutions, supported by its robust portfolio and strategic market positioning. Quanta’s management expresses confidence in achieving another year of strong performance and record backlog, reinforcing its role as a pivotal partner in the evolving energy and technology landscapes.
