Quanta Services (PWR) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.23%. A quarter ago, it was expected that this specialty contractor for utility and energy companies would post earnings of $2.64 per share when it actually produced earnings of $2.94, delivering a surprise of 11.3 ...

Financial Data and Key Metrics Changes - The company reported revenues of $6.2 billion, net income attributable to common stock of $144 million, or $0.96 per diluted share, and adjusted diluted earnings per share of $1.78 [10] - Adjusted EBITDA was $504 million, representing 8.1% of revenues [10] - The company generated cash flow from operations of $243 million and free cash flow of $118 million, which included a $109 million tax payment deferred from 2024 [10] - The company increased its full-year 2025 expectations for revenue by $100 million, adjusted EBITDA by $10 million, and adjusted earnings per share by $0.05 [12] Business Line Data and Key Metrics Changes - The company emphasized its core strategy built on craft skill labeling, execution certainty, and strategic investments in talent and technology [6][7] - The company highlighted robust demand for resilient electric grids, power generation, and energy infrastructure, indicating a strong growth trajectory across its business lines [8][9] Market Data and Key Metrics Changes - Utilities in the United States are experiencing significant increases in power demand driven by new technologies, including data centers and artificial intelligence [9] - The company believes this demand surge could lead to the largest investment in high voltage transmission infrastructure in a generation [9] Company Strategy and Development Direction - The company aims to reinforce its leadership position through a diversified solution-based strategy that integrates craft labor with engineering and technology [7] - The company is focused on delivering comprehensive infrastructure solutions and creating deeper strategic relationships with customers [8] - The management expressed confidence in navigating periods of uncertainty and emerging stronger due to its financial liquidity and strategic execution [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the energy and infrastructure landscape is undergoing a fundamental transformation, positioning the company at its center [8] - The company is proactively collaborating with customers to provide supply chain solutions focused on cost optimization and growth [13] - Management remains confident in the multiyear compound annual growth rate (CAGR) expectations for renewable energy generation and storage [14] Other Important Information - The company repurchased approximately $135 million of its common stock, with $365 million remaining under its existing repurchase authorization [14] - The company received credit upgrades from S&P Global Ratings, which are expected to lower borrowing costs and expand liquidity [12] Q&A Session Summary Question: Impact of Long Island Power Authority's decision on guidance - Management indicated that the decision was not anticipated in their guidance [25][26] Question: Expansion of high voltage transmission projects - Management confirmed ongoing firm demand for transmission projects and expects continued backlog growth despite macro uncertainties [30][34] Question: Impact of tariffs on customers - Management stated that they have not seen significant impacts from tariffs within their customer base and believe their portfolio can weather potential disruptions [39][40] Question: Status of interconnection work and backlog - Management noted steady growth in construction starts for renewables and expressed confidence in their backlog [49][50] Question: Strategic benefits from supply chain access - Management highlighted the importance of internal supply chain capabilities and their ability to provide better solutions to clients [90][91] Question: Growth in data centers and underground business - Management acknowledged opportunities in large diameter pipe and natural gas projects, indicating a positive outlook for these segments [132]

Financial Data and Key Metrics Changes - The company reported revenues of $6.2 billion, net income attributable to common stock of $144 million, or $0.96 per diluted share, and adjusted diluted earnings per share of $1.78 [10] - Adjusted EBITDA was $504 million, representing 8.1% of revenues [10] - The company generated cash flow from operations of $243 million and free cash flow of $118 million, which included a $109 million tax payment deferred from 2024 [10] - Full year 2025 expectations for revenue were increased by $100 million, adjusted EBITDA by $10 million, and adjusted earnings per share by $0.05 [11][12] Business Line Data and Key Metrics Changes - The company emphasized strong growth in its core markets, particularly in renewable energy generation and storage, with a focus on solar and battery projects [13][118] - The backlog reached a record of $35.3 billion, indicating robust demand across various sectors [5][10] - The company is actively engaged in providing solutions for power generation, including solar, wind, and storage, with a noted increase in solar bookings [118] Market Data and Key Metrics Changes - Utilities in the U.S. are forecasting significant increases in power demand driven by new technologies and infrastructure needs [9] - The company highlighted the potential for the largest investment in high voltage transmission infrastructure in a generation, driven by the need for resilient electric grids [9] - The company noted that demand for renewable energy generation and storage remains strong, with expectations for continued growth in these areas [13][118] Company Strategy and Development Direction - The company's core strategy focuses on execution certainty, investment discipline, and a differentiated platform that integrates craft labor with engineering and technology [6][8] - The company aims to strengthen customer partnerships and drive long-term sustainable value creation through strategic investments [6][8] - The management emphasized a collaborative model that positions the company as a trusted partner rather than just a contractor [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties and emerge stronger due to its diversified solution-based strategy [8] - The company is proactively collaborating with customers to optimize costs and manage supply chain challenges [12] - Management indicated that the business is well-positioned for sustained leadership and long-term growth in the evolving energy and infrastructure landscape [9] Other Important Information - The company has repurchased approximately $135 million of its common stock, with $365 million remaining under its existing repurchase authorization [13] - The company received credit upgrades from S&P Global Ratings, which are expected to lower borrowing costs and expand liquidity [11] Q&A Session Summary Question: Impact of Long Island Power Authority's decision on guidance - Management clarified that the decision was not anticipated in their guidance for the year [18][23] Question: Expansion of high voltage transmission projects - Management confirmed ongoing demand for transmission infrastructure and expects continued backlog growth despite macro uncertainties [27][31] Question: Impact of tariffs on customers - Management stated that they have not seen significant impacts from tariffs on their customer base and believe their portfolio can weather potential disruptions [35][36] Question: Interconnection work related to coal plants - Management acknowledged the potential for interconnection work but emphasized that they see ample projects available regardless of coal plant status [45][49] Question: Margin expectations with larger projects - Management indicated that while margins may not see immediate upward momentum due to training costs, they expect returns to improve as the business scales [54][56] Question: Status of Cupertino acquisition and synergies - Management reported that the Cupertino business is ahead of schedule and is expected to generate significant synergies moving forward [58][60] Question: Visibility of larger projects in backlog - Management noted that larger projects are becoming increasingly visible and expects them to show up in the backlog soon [62][64] Question: Strategic benefits from supply chain access - Management highlighted the importance of internal supply chain capabilities and their role in providing better solutions to clients [86][90]

Exhibit 99.1 FOR IMMEDIATE RELEASE 25-05 Repurchased Approximately $135 Million of its Outstanding Common Stock | Contacts: | Jayshree Desai, CFO | Media – Noa Schwartz | | --- | --- | --- | | | Kip Rupp, CFA, IRC - Investors | FGS Global | | | Quanta Services, Inc. | (310) 405-4312 | | | (713) 629-7600 | | QUANTA SERVICES REPORTS FIRST QUARTER 2025 RESULTS First Quarter Consolidated Revenues of $6.2 Billion* First Quarter GAAP Diluted EPS of $0.96* and Adjusted Diluted EPS of $1.78* Net Income Attributable ...

First Quarter Consolidated Revenues of $6.2 Billion*First Quarter GAAP Diluted EPS of $0.96* and Adjusted Diluted EPS of $1.78*Net Income Attributable to Common Stock of $144.3 Million* and Adjusted EBITDA of $503.9 Million*Cash Flow From Operations of $243.2 Million* and Free Cash Flow of $117.8 MillionRemaining Performance Obligations (RPO) of $17.6 Billion* and Total Backlog of $35.3 Billion* Repurchased Approximately $135 Million of its Outstanding Common StockDemand for Our Collaborative Infrastructure ...

Core Insights - Quanta Services (PWR) is expected to report quarterly earnings of $1.67 per share, reflecting an 18.4% increase year-over-year, with revenues projected at $5.88 billion, a 16.8% increase from the previous year [1][2]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.6% over the past 30 days, indicating analysts' positive reassessment of the company's performance [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast revenues from 'Underground Utility and Infrastructure Solutions' to reach $1.19 billion, marking a year-over-year increase of 6.1% [5]. - 'Electric Power Infrastructure Solutions' revenues are expected to be $4.69 billion, representing a significant year-over-year increase of 101.6% [5]. Backlog Estimates - Total backlog is projected to reach $34.19 billion, up from $29.90 billion year-over-year [5]. - 'Backlog - Underground Utility and Infrastructure Solutions' is estimated at $5.67 billion, down from $6.10 billion year-over-year [6]. - 'Backlog - Electric Power Infrastructure Solutions' is expected to be $28.52 billion, a substantial increase from $15.34 billion year-over-year [6]. Operating Income Projections - 'Operating income (loss) - Underground Utility and Infrastructure Solutions' is projected at $63.10 million, compared to $46.89 million in the same quarter last year [7]. - 'Operating income (loss) - Electric Power Infrastructure Solutions' is expected to reach $391.20 million, up from $228.03 million in the same quarter of the previous year [7]. Stock Performance - Quanta Services shares have increased by 13% over the past month, contrasting with the Zacks S&P 500 composite's decline of 4.3% [8]. - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [8].

HOUSTON, April 11, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that it will release its first quarter 2025 financial results on Thursday, May 1, 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, May 1, 2025. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its first quarter 2025 earnings release, Quanta will post its supplemental earnings m ...

Company Overview - Quanta Services (PWR) closed at $268.22, down 1.06% from the previous trading session, underperforming the S&P 500's gain of 0.08% [1] - The company has seen a 3.58% decline in share price over the past month, while the Construction sector and S&P 500 have lost 4.98% and 7.33%, respectively [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of $1.72, representing a 21.99% increase year-over-year [2] - Quarterly revenue is anticipated to be $5.89 billion, up 16.98% from the same period last year [2] Annual Estimates - For the annual period, earnings are projected at $10.18 per share and revenue at $26.9 billion, indicating increases of 13.49% and 13.63% year-over-year, respectively [3] - Recent revisions to analyst forecasts are crucial as they reflect near-term business trends and analyst optimism [3] Analyst Ratings and Momentum - Estimate revisions are correlated with near-term share price momentum, and the Zacks Rank system can help investors capitalize on this [4] - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically returning an average annual gain of +25% since 1988 [5] - Quanta Services currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Quanta Services has a Forward P/E ratio of 26.64, which is a premium compared to the industry average of 17.24 [6] - The company has a PEG ratio of 2.02, while the Engineering - R and D Services industry has an average PEG ratio of 1.3 [6] Industry Context - The Engineering - R and D Services industry is part of the Construction sector and holds a Zacks Industry Rank of 40, placing it in the top 16% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

HOUSTON, March 21, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.10 per share, or a rate of $0.40 per share on an annualized basis. The dividend is payable on April 11, 2025, to stockholders of record as of April 3, 2025. About Quanta ServicesQuanta is an industry leader in providing specialized infrastructure solutions to the utility, renewable energy, technology, communications, pipeline and e ...

Company Performance - Quanta Services (PWR) closed at $263.36, reflecting a -1.51% change from the previous session, underperforming the S&P 500's loss of 1.07% [1] - The stock has decreased by 6.32% over the past month, which is better than the Construction sector's loss of 6.73% and the S&P 500's loss of 7.03% [1] Upcoming Earnings - Analysts expect Quanta Services to report an EPS of $1.72, representing a 21.99% increase year-over-year [2] - Revenue is anticipated to be $5.89 billion, indicating a 17.03% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are projected at $10.18 per share and revenue at $26.9 billion, reflecting increases of +13.49% and +13.64% respectively from the previous year [3] Analyst Revisions - Recent changes to analyst estimates for Quanta Services suggest positive short-term business trends, which are generally viewed as favorable for the company's outlook [3] Zacks Rank and Performance - Quanta Services has a Zacks Rank of 3 (Hold), with the consensus EPS projection having increased by 0.46% in the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Valuation Metrics - Quanta Services is currently trading at a Forward P/E ratio of 26.28, which is higher than the industry average of 16.76, indicating a premium valuation [6] - The company has a PEG ratio of 1.99, compared to the industry average of 1.27, suggesting a higher expected earnings growth rate relative to its price [7] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [8] - Strong industry rankings correlate with better performance, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]