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]

Core Insights - Quanta Services reported a revenue of $6.23 billion for the quarter ended March 2025, marking a year-over-year increase of 23.9% and an EPS of $1.78, up from $1.41 a year ago, with revenue exceeding Zacks Consensus Estimate by 6.11% and EPS by 7.23% [1] Financial Performance - Total backlog reached $35.25 billion, surpassing the average estimate of $34.19 billion [4] - Backlog for Underground Utility and Infrastructure Solutions was $5.55 billion, slightly below the average estimate of $5.67 billion [4] - Backlog for Electric Power Infrastructure Solutions stood at $29.70 billion, exceeding the average estimate of $28.52 billion [4] - Revenues from Underground Utility and Infrastructure Solutions were $1.29 billion, above the six-analyst average estimate of $1.19 billion, reflecting a year-over-year change of +15% [4] - Revenues from Electric Power Infrastructure Solutions were $4.94 billion, exceeding the estimated $4.69 billion and representing a significant year-over-year increase of +112.5% [4] Operating Income - Operating income for Underground Utility and Infrastructure Solutions was $76.87 million, compared to the estimated $63.10 million [4] - Operating income for Electric Power Infrastructure Solutions was $408.16 million, above the average estimate of $391.20 million [4] - Corporate and non-allocated costs reported an operating loss of -$245.95 million, slightly worse than the average estimate of -$237.67 million [4] Stock Performance - Quanta Services shares returned +10.6% over the past month, contrasting with the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]