Core Viewpoint - Quanta Services reported quarterly earnings of $2.94 per share, exceeding the Zacks Consensus Estimate of $2.64 per share, and showing an increase from $2.04 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was 11.36%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - The company had previously reported earnings of $2.72 per share against an expectation of $2.66 per share, resulting in a surprise of 2.26% [2] Revenue Performance - Quanta Services posted revenues of $6.55 billion for the quarter ended December 2024, which was 1.20% below the Zacks Consensus Estimate, compared to $5.78 billion in the same quarter last year [3] - The company has exceeded consensus revenue estimates two times in the last four quarters [3] Stock Performance and Outlook - Quanta Services shares have declined approximately 7.6% since the beginning of the year, while the S&P 500 has gained 4.5% [4] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $1.71 on revenues of $6 billion, and for the current fiscal year, it is $10.30 on revenues of $26.95 billion [8] Industry Context - Quanta Services operates within the Zacks Engineering - R and D Services industry, which is currently ranked in the bottom 36% of over 250 Zacks industries [9] - The performance of the stock may be influenced by the overall outlook for the industry, as historically, the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]

Financial Performance - Consolidated revenues for Q4 2024 were $6.55 billion, up from $5.78 billion in Q4 2023, representing a growth of 13.3%[3] - Net income attributable to common stock for Q4 2024 was $305.1 million, or $2.03 per diluted share, compared to $210.9 million, or $1.42 per diluted share in Q4 2023, reflecting a 44.5% increase in net income[3] - Full-year 2024 revenues reached $23.67 billion, a 13.4% increase from $20.88 billion in 2023[8] - Adjusted EBITDA for Q4 2024 was $737.8 million, while full-year adjusted EBITDA was $2.33 billion, indicating strong operational performance[2] - Adjusted net income attributable to common stock for Q4 2024 reached $442.2 million, a 45.7% increase compared to $303.4 million in Q4 2023[44] - Adjusted diluted earnings per share for Q4 2024 was $2.94, representing a 44.1% increase from $2.04 in Q4 2023[44] - EBITDA for Q4 2024 was $672.1 million, a 35.5% increase from $496.0 million in Q4 2023[53] - Total revenue for the twelve months ended December 31, 2024, was $904.8 million, an increase of 21.5% from $744.7 million in 2023[44] Future Projections - Quanta expects 2025 revenues to range between $26.60 billion and $27.10 billion, reflecting double-digit growth[11] - The company anticipates adjusted diluted earnings per share for 2025 to range between $9.90 and $10.50[11] - Estimated net income attributable to common stock for the full year 2025 is projected to be between $1,035,700,000 and $1,126,500,000[61] - Adjusted net income attributable to common stock is expected to range from $1,497,700,000 to $1,588,500,000 for the same period[61] - EBITDA is projected to be between $2,485,100,000 and $2,620,900,000 for the full year 2025[66] - Adjusted EBITDA is expected to range from $2,664,700,000 to $2,800,500,000[66] - Free cash flow is projected to be between $1,200,000,000 and $1,700,000,000 for the full year 2025[69] - Net cash provided by operating activities is estimated to be between $1,700,000,000 and $2,250,000,000[69] Operational Highlights - The company achieved a record backlog of $34.54 billion at year-end 2024, with remaining performance obligations of $16.76 billion[2] - Quanta completed eight acquisitions in 2024, enhancing its service capabilities and market position[4] - The company recognized $30.2 million in revenue related to an arbitration award in the Electric Power Infrastructure Solutions segment during the three months ended December 31, 2024[30] - Corporate and non-allocated costs included amortization expenses of $115.8 million for the three months ended December 31, 2024, compared to $75.2 million in 2023[33] - A loss of $11.9 million was recorded on the disposition of a non-core business in the Underground Utility and Infrastructure Solutions segment, impacting operating income by approximately 25 basis points[32] Asset and Equity Changes - Total assets increased to $18,683,894 in 2024, compared to $16,237,225 in 2023, reflecting a growth of 15.1%[27] - The company’s total stockholders' equity rose to $7,317,731 in 2024, up from $6,272,241 in 2023, indicating a growth of 16.7%[27] - Cash and cash equivalents decreased to $741,960 in 2024 from $1,290,248 in 2023, a decline of 42.6%[27] - The accounts receivable, net, increased to $5,170,935 in 2024 from $4,410,829 in 2023, reflecting a growth of 17.3%[27] Segment Performance - Electric Power Infrastructure Solutions segment revenues reached $3,405,015, representing 52.0% of total revenues, up from 42.5% in the prior year[30] - Renewable Energy Infrastructure Solutions segment revenues decreased slightly to $1,975,473, accounting for 30.1% of total revenues, compared to 35.0% in 2023[30] - Operating income for the Electric Power Infrastructure Solutions segment was $445,190, with an operating margin of 13.1%, up from 10.5% in the same quarter last year[30] Cash Flow and Expenses - Free cash flow for Q4 2024 was $575.4 million, down 37.1% from $915.5 million in Q4 2023[56] - Net cash provided by operating activities for Q4 2024 was $712.0 million, a decrease from $1.0 billion in Q4 2023[56] - The company incurred $4.5 million in acquisition and integration costs in Q4 2024, down from $16.5 million in Q4 2023[53] - Foreign currency translation losses for Q4 2024 amounted to $18.5 million, attributed to substantial liquidation from Latin American operations[54]

Core Insights - Quanta Services, Inc. reported strong financial results for Q4 2024, with revenues of $6.55 billion, a 13.3% increase from $5.78 billion in Q4 2023, and net income of $305.1 million, or $2.03 per diluted share, compared to $210.9 million, or $1.42 per diluted share, in the same period last year [1][4][7] - The company achieved record annual revenues of $23.67 billion for 2024, up from $20.88 billion in 2023, with adjusted diluted earnings per share increasing to $8.97 from $7.16 [4][7] - Quanta expects continued growth in 2025, projecting revenues between $26.60 billion and $27.10 billion, with net income ranging from $1.04 billion to $1.13 billion, and adjusted EBITDA between $2.66 billion and $2.80 billion [10][8] Financial Performance - Q4 2024 adjusted diluted earnings per share was $2.94, up from $2.04 in Q4 2023, reflecting strong operational performance [1][4] - Full-year 2024 adjusted EBITDA reached $2.33 billion, compared to $1.92 billion in 2023, indicating a robust operational efficiency [4][7] - The company generated $575 million in free cash flow in Q4 2024, contributing to a solid balance sheet [2][4] Market Position and Strategy - Quanta is positioned as a leader in the power and infrastructure solutions industry, benefiting from increasing demand for energy and technology infrastructure [3][2] - The company completed eight acquisitions in 2024, enhancing its service offerings and market reach [3][8] - Quanta's total backlog reached $34.54 billion, with remaining performance obligations of $16.76 billion, indicating strong future revenue visibility [4][30] Segment Performance - The Electric Power Infrastructure Solutions segment generated revenues of $3.41 billion in Q4 2024, with an operating margin of 13.1%, up from 10.5% in Q4 2023 [26][25] - The Renewable Energy Infrastructure Solutions segment reported revenues of $1.98 billion in Q4 2024, with a margin of 10.5%, compared to 8.9% in the previous year [26][25] - The Underground Utility and Infrastructure Solutions segment had revenues of $1.17 billion in Q4 2024, with a margin of 3.6%, down from 6.6% in Q4 2023 [26][25] Future Outlook - The company anticipates double-digit growth in revenue, adjusted EBITDA, and earnings per share for 2025, supported by a strong backlog and market demand [3][10] - Quanta's strategic focus includes expanding its total addressable market and reinforcing its leadership in essential infrastructure solutions [3][2] - The company plans to continue its capital deployment strategy, including acquisitions and stock repurchase programs, to enhance shareholder value [11][10]

Core Viewpoint - Analysts expect Quanta Services (PWR) to report quarterly earnings of $2.64 per share, reflecting a year-over-year increase of 29.4%, with revenues projected at $6.63 billion, up 14.7% from the previous year [1] Earnings Projections - The consensus EPS estimate has been revised upward by 2.4% over the past 30 days, indicating a collective reassessment by analysts [1][2] Revenue Estimates - Analysts project 'Revenues- Electric Power Infrastructure Solutions' to reach $3.35 billion, a year-over-year increase of 36.5% [4] - 'Revenues- Renewable Energy Infrastructure Solutions' is expected to be $2.17 billion, indicating a 7.2% increase from the prior year [4] - 'Revenues- Underground Utility and Infrastructure Solutions' is estimated at $1.09 billion, reflecting a decrease of 16% from the previous year [5] Backlog Estimates - The estimated 'Backlog - Electric Power Infrastructure Solutions' is $19.58 billion, compared to $15.50 billion a year ago [6] - The total backlog is projected at $33.69 billion, up from $30.11 billion year-over-year [6] Operating Income Estimates - 'Operating income (loss)- Electric Power Infrastructure Solutions' is expected to be $379.78 million, up from $258.01 million in the same quarter last year [7] - 'Operating income (loss)- Underground Utility and Infrastructure Solutions' is projected at $56.14 million, down from $85.43 million year-over-year [7] - 'Operating income (loss)- Renewable Energy Infrastructure Solutions' is estimated at $246.32 million, compared to $179.68 million in the previous year [8] Stock Performance - Over the past month, shares of Quanta Services have declined by 13.5%, while the Zacks S&P 500 composite has increased by 4.9% [8]

Core Viewpoint - Captiva Verde Wellness Corp. has acquired a 49% stake in Matnaggewinu Development Corporation (MDC), an Indigenous-led development corporation, to enhance Indigenous business expansion and sustainable economic development [2][10]. Company Overview - Captiva Verde is a publicly traded company listed on the Canadian Securities Exchange (CSE) under the symbol PWR and on the US OTC Market under CPIVF [2]. - MDC is dedicated to advancing economic opportunities and self-sufficiency for Mi'kmaq communities through initiatives in affordable housing, health and wellness, and sustainable infrastructure development [4][10]. Leadership and Vision - Jeff Ciachurski, Director of Captiva Verde, aims to drive economic reconciliation and ensure long-term benefits for Mi'kmaq communities through this partnership [3][10]. - Nowlen Augustine, founder of MDC, is a prominent advocate for First Nations rights and has extensive experience in supporting Indigenous economic development [5][6]. First Project - MDC's first major project involves a 55-acre sustainable development site located 3 miles (5 km) west of Moncton, New Brunswick, which will serve as a flagship for Indigenous-led community development [7]. Planned Development Features - The development will focus on sustainability, ensuring environmental stewardship and long-term community benefits [9]. - All construction funding will be secured at the project level to maintain financial sustainability and avoid corporate dilution [9]. Commitment to Economic Reconciliation - The partnership between MDC and Captiva Verde is committed to developing high-quality, affordable housing solutions, advancing health initiatives, and strengthening Indigenous economic sovereignty [15].

Company Performance - Quanta Services (PWR) ended the latest trading session at $307.61, reflecting a -0.54% adjustment from the previous day's close, underperforming the S&P 500 which lost 0.51% [1] - Over the past month, shares of Quanta Services have decreased by 1.97%, while the Construction sector and the S&P 500 gained 2.42% and 2.87% respectively [1] Upcoming Earnings - Quanta Services is scheduled to release its earnings report on February 20, 2025, with projected earnings per share (EPS) of $2.63, indicating a 28.92% increase from the same quarter last year [2] - The consensus estimate anticipates revenue of $6.62 billion, reflecting a 14.46% increase from the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates for Quanta Services are important as they reflect evolving short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations and profit generation [3] - The Zacks Consensus EPS estimate has seen a 0.63% decrease over the last 30 days, and Quanta Services currently holds a Zacks Rank of 4 (Sell) [5] Valuation Metrics - Quanta Services has a Forward P/E ratio of 30.08, which is a premium compared to the industry's average Forward P/E of 20.23 [6] - The company has a PEG ratio of 1.41, which is slightly below the average PEG ratio of 1.46 for the Engineering - R and D Services industry [7] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, has a Zacks Industry Rank of 207, placing it within the bottom 18% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

In the latest market close, Quanta Services (PWR) reached $297.80, with a +1.3% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.47%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.51%.Heading into today, shares of the specialty contractor for utility and energy companies had lost 6.98% over the past month, lagging the Construction sector's gain of 0.6% and the S&P 500's gain of 1.67% in that time.The upcoming earnings release of Q ...

HOUSTON, Jan. 23, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that it will release its fourth quarter and full-year 2024 financial results on Thursday, February 20, 2025, before the market opens. In conjunction with the press release, Quanta has scheduled a webcast and conference call for 9:00 a.m. Eastern time on Thursday, February 20, 2025. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its fourth quarter and full-year 2024 earnings release, Qua ...

In the latest market close, Quanta Services (PWR) reached $337.46, with a +0.38% movement compared to the previous day. This change lagged the S&P 500's 1% gain on the day. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 1.51%.Shares of the specialty contractor for utility and energy companies witnessed a gain of 4.22% over the previous month, beating the performance of the Construction sector with its loss of 3.14% and the S&P 500's loss of 2.14%.The investment commun ...

Company Performance - Quanta Services (PWR) closed at $313.48, marking a +0.41% move from the prior day, outperforming the S&P 500 which lost 1.54% [1] - Over the past month, shares of Quanta Services have depreciated by 7.11%, better than the Construction sector's loss of 10.47% and worse than the S&P 500's loss of 2.2% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $2.64, indicating a 29.41% growth compared to the same quarter last year [2] - Revenue is projected to be $6.62 billion, reflecting a 14.51% increase compared to the year-ago quarter [2] Analyst Estimates - Recent changes to analyst estimates for Quanta Services are noteworthy, as they often indicate shifts in near-term business trends [3] - Upbeat changes in estimates suggest a favorable outlook on the company's business health and profitability [3] Valuation Metrics - Quanta Services has a Forward P/E ratio of 30.5, which is a premium compared to the average Forward P/E of 19.48 for its industry [6] - The Engineering - R and D Services industry, part of the Construction sector, currently holds a Zacks Industry Rank of 139, placing it in the bottom 45% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Quanta Services currently holds a Zacks Rank of 2 (Buy) [5] - The Zacks Consensus EPS estimate has remained stagnant over the past month, suggesting stability in expectations [5]