QUANTA SERVICES REPORTS SECOND QUARTER 2025 RESULTS

Financial Performance - Quanta Services reported second quarter consolidated revenues of $6.77 billion, a 21.2% increase from $5.59 billion in the same quarter of 2024 [1][6] - Net income attributable to common stock for the second quarter was $229.3 million, or $1.52 per diluted share, compared to $188.2 million, or $1.26 per diluted share, in the second quarter of 2024 [1][6] - Adjusted diluted earnings per share for the second quarter were $2.48, up from $1.90 in the same period last year [1][6] Operational Highlights - The company achieved record total backlog of $35.8 billion and remaining performance obligations of $19.2 billion [1][2] - Quanta completed the acquisition of Dynamic Systems for approximately $1.35 billion, enhancing its capabilities in mechanical, plumbing, and process infrastructure solutions [3][4] - The company was selected for the Boardman to Hemingway High-Voltage Electric Transmission Project, which is expected to deliver up to 1,000 megawatts of power [4] Year-to-Date Performance - For the six months ended June 30, 2025, revenues were $13.01 billion, compared to $10.63 billion for the same period in 2024 [6] - Net income attributable to common stock for the six months was $373.5 million, or $2.47 per diluted share, compared to $306.5 million, or $2.05 per diluted share, in the prior year [6] Future Outlook - The company raised its full-year 2025 financial expectations for revenue, adjusted EBITDA, and adjusted EPS due to strong second quarter results and the acquisition of Dynamic Systems [3][9] - Quanta expects full-year revenues to range between $27.4 billion and $27.9 billion, with net income attributable to common stock projected between $978.5 million and $1.07 billion [9]